BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -In principle, the patent owner has the exclusive right to prevent or stop others from commercially exploiting the patented invention. In other words, patent protection means that the invention cannot be commercially made, used, distributed, imported or sold by others without the patent owner’s consent.

Detailed explanation-2: -A patent is an exclusive right granted for an invention. In other words, a patent is an exclusive right to a product or a process that generally provides a new way of doing something, or offers a new technical solution to a problem.

Detailed explanation-3: -The word patent originates from the Latin patere, which means “to lay open” (i.e., to make available for public inspection).

Detailed explanation-4: -A patent protects an invention by allowing its inventor-or the group who owns the patent-control over who may use the invention. Patent applications are adjudicated by the United States Patent and Trademark Office (USPTO) and are valid for 20 years. An assignee is a person or group who owns a patent.

Detailed explanation-5: -A patent is an exclusive right that prevents anyone else from making, using, selling, distributing, importing, or selling your invention without permission for a set period of time. This timeline can extend up to 20 years, depending on the type of patent.