Hede.io Entry: Patent
Patent is a legal
monopoly granted by the
intellectual property law.
Exclusive rights under
patent law are given to an
inventor to prevent others from making, using, or selling an
invention for a limited period of time before the invention falls into the
public domain. Once in the public domain an invention can be used without
license by anybody.
Patents for inventions, including details of how the inventions work, are
public record (exceptions may include patents that are classified under the
Invention Secrecy Act of 1951). Because of this required public disclosure exclusive rights are used to encourage inventors to reveal how an invention works on the application for a patent.
Examples for what patents are granted for include, but are not limited to, new and useful
medicinal products and
industrial processes. Patents can also be granted for significant improvements of existing inventions already under patent.
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