PATENT RIGHT Meaning and
Definition
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Patent right refers to the exclusive legal rights granted to an inventor or assignee by a government authority that allows them to prevent others from making, using, or selling their invention for a fixed period of time. It is a form of intellectual property protection granted to inventors to incentivize innovation by providing them with a monopoly over their inventions.
Patent rights are typically granted for novel and non-obvious inventions that are useful or have a practical application. These rights give inventors the ability to control the commercial exploitation of their inventions, ensuring that they reap the benefits of their creative efforts. By obtaining a patent, inventors are able to prevent others from using or profiting from their inventions without their permission, thus enabling them to recoup their investment and potentially gain a competitive advantage in the market.
To obtain patent rights, inventors must file a patent application with the relevant government authority and meet certain criteria, such as demonstrating the novelty, non-obviousness, and usefulness of their invention. Once granted, patent rights provide a monopoly for a specific period, typically 20 years from the filing date, during which the patent holder has the exclusive right to exploit their invention.
Patent rights play a crucial role in fostering innovation and economic development by encouraging inventors to disclose their inventions to the public in exchange for exclusive rights. These rights not only protect the inventor's investment but also promote technological advancement by providing a legal framework that encourages research, development, and commercialization of new and inventive ideas.
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An exclusive right to the use of an invention conferred by Government for a certain term of years.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for PATENT RIGHT
- oatent right
- latent right
- -atent right
- 0atent right
- pztent right
- pstent right
- pwtent right
- pqtent right
- parent right
- pafent right
- pagent right
- payent right
- pa6ent right
- pa5ent right
- patwnt right
- patsnt right
- patdnt right
- patrnt right
- pat4nt right
Etymology of PATENT RIGHT
The word "patent" can be traced back to the Latin word "patentem" which means "open, exposed, clear" or "freely accessible". In the 14th century, the term "letters patent" was used to refer to a document issued by a government granting exclusive rights or privileges to an individual. Over time, the term "letters patent" was shortened to simply "patent", which came to represent a grant or exclusive right.
The word "right" has Old English roots and is derived from the word "riht", which means "just, good, fair". It has evolved over time to refer to entitlements or legal privileges.
When combined, "patent right" refers to the exclusive rights granted to an inventor or creator of a new invention or technology. The term "patent right" emphasizes the legal entitlement aspect of the exclusive rights granted through a patent.
Similar spelling words for PATENT RIGHT
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