ENTREPRENEURSHIP

Detailed explanation-1: -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 an exclusive right that gives the inventor the right to exclude others from making, using, or selling the product of his invention during the life of the patent. Patent owners may also give permission to, or license, other parties to use their inventions on mutually agreed terms.

Detailed explanation-3: -A patent is an exclusive right that is granted to a new technological solution (invention) for a specific period. Patents may only be granted for inventions which are new, differ essentially from existing solutions and are susceptible of industrial application.

Detailed explanation-4: -Intellectual property rights are the rights given to persons over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.

Detailed explanation-5: -A patent is the granting of a property right by a sovereign authority to an inventor. A patent provides the inventor exclusive rights to the patented process, design, or invention for a certain period in exchange for a complete disclosure of the invention.