ECONOMICS
PROPERTY RIGHTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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20 Years & 14 Years
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14 Years & 20 Years
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20 Years & 20 Years
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10 Years & 14 Years
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Detailed explanation-1: -A utility patent is valid for twenty years from the date of the utility patent application filing. A design patent in the United States is valid for fifteen years from the date the design patent application is granted.
Detailed explanation-2: -Patents are classified as utility patents, design patents, or plant patents. For utility patents, which are the most common patent type, patent protection lasts for 20 years after the filing date of the patent application.
Detailed explanation-3: -How long does patent protection last? Patent protection is granted for a limited period, generally 20 years from the filing date of the application.
Detailed explanation-4: -After a patent has been in place for 20 years for utility patents and 14 years for design and plant patents, the invention becomes part of the public domain. This means the invention no longer has patent protection and is no longer off limits, so anyone can make, use, or sell the invention without infringement.