Patents are statutorily designed real-life legal instruments aimed at protecting inventions. Inventions, in modern times, are the outcome of well-planned research and development. Patents act as economic incentives to inventors who put in intellectual labor to develop new and useful inventions. Patents foster research and development by providing limited term exclusivity to patentees to commercially make use of the inventions they own. Patents are granted by national governments in consideration for disclosing to the public the scientific and technological information subsisting in the inventions by the inventors/or the subsequent owners of the inventions. Published patent specifications are, therefore, important scientific documents containing extremely valuable scientific information.
A patent is enforceable only within the territorial limits of the nation granting it. Some of all activities are :
“A patent is only worth as much as its owner is willing to spend to defend it.”
– Eric Halber
Patents are granted by national governments in consideration for disclosing to the public the scientific and technological information.
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