A patent is an official document given by a national government to an inventor (or business or corporation) who wishes to have sole rights over a product for a limited quantity of time. When the patent is granted, no one else has the right to create, market, market, or profit from the creation.
In america, the U.S. Patent and Trademark Office (USPTO) allows inventors and patent owners (such as companies and corporations) to secure their goods and identification from other people.
Not just anything can be patented. In actuality, getting a patent may prove difficult given the essential paperwork, signatures and research needed. So as to obtain one, the innovation must be brand new. This new invention must also be useful, first, and not easily established. In the USA, these products may be machines, compositions or methods, and fabricated products. Ideas can’t be patented, nor can goods which have been»enhanced» or that have»changed» in dimension.
Plant patents, which protect non-pollinating plants, utility patents which protect regular, new creations, and design patents, which protect the appearance or creativity of a concrete solution, are examples of the kinds of patents which exist beneath the USPTO.
Patents provide an inventor or business corporation the legal right to have their invention. In other words, the patent holder now has a legal monopoly and can do with it, what s/he desires for the life span of the patent. U.S. patents are good for twenty years from the date that the patent was requested.
This may be extended, but is tough to do. And, payments to the government has to be created throughout the life span of the patent (usually 20 years).
An inventor may sell all their rights to the patent, or may elect to sell only a certain portion of it. After the patent holder licenses their product to a manufacturer, as an instance, he or she receives royalties based on the sale of their product or invention.
The term»patent pending» has no legal hold, but only suggests that an individual or company is in the act of patenting a particular item. If an item already has a patent on it, then the copying of the product is infringement. The patent holder may file a claim to sue the accused.