BASIC PATENT Meaning and
Definition
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A basic patent refers to a core or fundamental patent that forms the foundation for subsequent improvements or variations. It is a patent granted for an invention that encompasses broad and essential principles or features which can be further developed or built upon. A basic patent typically covers the basic concept, methodology, or design, allowing the inventor exclusive rights to the invention for a specified period.
The significance of a basic patent lies in its ability to establish a dominant position in a particular field or technology, as it covers the fundamental aspects of an invention. It serves as a cornerstone that provides a broad scope of protection, preventing others from utilizing or commercializing similar inventions without the permission of the patent holder.
The basic patent serves as a building block for further innovation and development within a specific field. Its existence enables follow-up inventors to concentrate on refining or enhancing the invention, without needing to reinvent the wheel. The subsequent patents that improve or modify the basic patent are often referred to as "improvement patents" or "secondary patents."
Furthermore, a basic patent plays a crucial role in licensing and commercialization activities. It provides inventors with a strong bargaining position in negotiations with potential licensees, as it offers a foundation upon which additional patents can be built. Thus, a basic patent can be a valuable asset, not only for protecting an invention but also for enabling future innovations and establishing a strong market position.
Common Misspellings for BASIC PATENT
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Etymology of BASIC PATENT
The word "BASIC PATENT" is a phrase that combines two distinct terms - "basic" and "patent".
1. Basic: The term "basic" originates from the Latin word "basiscus", which means "foundation" or "fundamental". Over time, it was adopted into Old French as "basique" and later entered the English language as "basic" in the late 19th century. It refers to something that is essential, fundamental, or primary.
2. Patent: The term "patent" has its roots in Latin as well. It stems from the word "patens", which means "open". The concept of granting exclusive rights to inventors dates back to ancient civilizations like Greece and China. However, the modern idea of a patent took shape in medieval Europe, and the word "patent" started being used in English around the 15th century.
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