ECONOMICS
COMPETITION AND MARKET STRUCTURES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A patent is a document that protects your invention or from someone stealing your invention
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A patent is a invention
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A patent prevents you from being robbed
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None of the above
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Detailed explanation-1: -What is a patent? 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-2: -A patent is the exclusive right over any idea or invention. If you have a patent, you have the exclusive right to do what you want with your idea or invention. It also means that no one can use it for commercial purposes without your consent.
Detailed explanation-3: -Patent rights protect inventions. If you have a patent, others are in principle not permitted to make, use, resell, rent out, supply, import or stock your invention, or offer it to someone else.
Detailed explanation-4: -A patent application is individually written for a specic invention, and thus can be a complicated and involved document. An application must include a written description of the invention that would enable a person skilled in the relevant technical eld to both make and use the invention.
Detailed explanation-5: -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.