Patent

What does it Mean? A government license that gives the holder exclusive rights to a process, design or new invention for a designated period of time.
Investopedia Says... In the United States most patents are valid for 20 years. By granting the right to produce a new product without fear of competition, patents provide incentive for companies or individuals to continue developing innovative new products or services.

Terms Related Links

Field Of Use
Goodwill
Intangible Asset
Intellectual Property
Non-Disclosure Agreement - NDA
Patent Reexamination
Patent Share
Proprietary Technology
Tangible Asset
Treble Damages

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