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A patent is an exclusive right granted for an invention. Patents benefit inventors by providing them with legal protection of their inventions. However, patents also benefit the society by providing public access to technical information about these inventions, and thus accelerating innovation.
Patent protection provides the ability for the patent owner to exclude anyone from making or selling a patented invention, as one of the incentives for convincing inventors to disclose their inventions to the public when obtaining the patent.
Capitalism. A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention. [1]
Patents are territorial rights, which means that your invention is protected only in the countries or regions where you have received a patent. In other words, if a patent has not been granted, or recognized, in a given country, the invention will not be protected in that country.
Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. IP is protected in law by, for example, patents, copyright and trademarks, which enable people to earn recognition or financial benefit from what they invent or create.
Patent protection in the EU. The European Commission monitors the need for, and effects of, patent-related rules across the EU. It is working to introduce cost-saving, efficient uniform patent protection across Europe and is looking at measures to enhance patent exploitation.
