patent

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Patent

The exclusive right to use documented intellectual property in producing or selling a particular product or using a process for a designated period of time.

Patent

A right, granted or guaranteed by a government, giving an inventor the exclusive right to make, produce, and sell his/her invention for a certain period of time. While the time limit varies from country to country, most governments recognize each other's patent laws. In the United States, the length of a patent is 20 years. Patents exist to protect inventors from having their ideas stolen, a concept intended to encourage innovation and entrepreneurship.

patent

a grant of ownership rights by the government to a person or business in respect of the invention of an entirely new product or manufacturing process or a significant development of an existing product or process. In the UK, under the COPYRIGHT, DESIGNS AND PATENTS ACT 1988, the PATENT OFFICE can grant a patentee a monopoly to make, use or sell the invention for a maximum of twenty years from the date on which the patent was first filed. In order to obtain a patent approval, inventors are required to supply full details of the invention to the Patents Office and satisfy that body that the invention contains original features and that it has a demonstrable industrial application.

The monopoly protection given by a patent is not enforced by the Patent Office itself. It is the responsibility of patentees to look after their rights by detecting whether someone else is infringing them and then seeking redress for infringement through the courts.

Patents registered in one country may be valid in other countries if filed in a country which is party to a reciprocal treaty. The UK, for example, is a member of the 13-country European Patent Convention which allows inventors to obtain patent rights in the EPC countries by filing a single European patent application. Globally, patent applications are administered by the World Intellectual Property Organization (WIPO) under the Patent Cooperation Treaty which enables investors to apply for registration in member countries with a single registration. WIPO has no powers of enforcement. However, under a GATT (now the WORLD TRADE ORGANIZATION) accord (negotiated at the ‘Uruguay Round’) it was agreed to give investors a minimum patent term of 20 years in all member countries with members being obliged to enforce patent protection on patents recognised by each others national authorities.

The patent system has the twin objectives of both encouraging inventors to undertake the risks and expenses of breaking new ground by offering them temporary monopoly rights to profit from their work, and providing for the eventual dissemination of advances in technology to the benefit of society as a whole. See RESEARCH AND DEVELOPMENT, BRAND.

patent

the grant of temporary MONOPOLY rights and control over new products, processes and techniques to their INVENTORS by the government. Patent protection is seen as an important means of fostering TECHNOLOGICAL PROGRESS by providing an opportunity for inventors and INNOVATORS to recoup development expenses and secure a profit reward for risk-taking. To minimize the danger of monopolistic exploitation, patents are granted for limited time periods only. In the UK, under the COPYRIGHT, DESIGNS AND PATENTS ACT 1988, the PATENT OFFICE can grant a patent for a maximum of 20 years.

See INTELLECTUAL PROPERTY RIGHT, RESEARCH AND DEVELOPMENT.

patent

The first transfer of title out of the government to a private individual or company.

Patent

The exclusive right of an inventor to make, use, or sell his invention for a period of years. A patent is an intangible asset that may be depreciated over its remaining life. The sale of a patent usually results in long-term capital gain.
References in periodicals archive ?
Ademas, el examen cuya forma de efectuarse reglamenta, es uno que esta previsto acreditar, en el articulo 34, fraccion IV, de la misma Ley, como uno de los requisitos para obtener una patente de aspirante.
A presente prospeccao foi realizada com o objetivo de avaliar o perfil quantitativo das publicacoes e de patentes na area da linhaca e Reducao de colesterol, atraves da analise cronologica, a partir de maio de 2006 a maio de 2016, a fim de determinar o potencial tecnologico desses pigmentos presentes nos alimentos.
Nesse entendimento, os entrevistados E2 e E3 tem consciencia desse entrave relacionado ao processo de redacao de patentes e enfatizam que o sistema e falho dentro da universidade, e que algumas patentes depositadas em anos anteriores estao voltando com os pareceres tecnicos pelo INPI constatando que nao ha nestas atividade inventiva, um dos requisitos basicos para a patente ser concedida.
1) Shapiro (2001) llama "marana de patentes" a las densas redes de derechos de patente traslapados, en su mayoria pertenecientes a portafolios de grandes firmas.
Los indicadores de patentes son instrumentos de medicion que permiten hacer seguimiento de las actividades inventivas desarrolladas en el pais; los mismos se concentran en el estudio de la informacion presentada en los documentos de patentes.
Por lo general, las flexibilidades del trips se senalan en relacion con la exclusion de materia patentable, pero es apreciable que no se agota en este aspecto para extenderse a la organizacion de la actividad de otorgamiento y vigencia y del regimen juridico publico de la patente en sentido general.
En este documento se estudio la relacion existente entre el PIB y las patentes registradas por residentes y no residentes para comparar la contribucion de cada tipo de patente al crecimiento economico para ocho paises de America Latina, utilizando informacion anual sobre el PIB (en millones de dolares de 2005 y corregido por PPP), la fuerza laboral (medida a traves de la poblacion economicamente activa), una variable de flujo determinante del capital (medida como la formacion bruta de capital fijo, en millones de dolares de 2005), la cantidad de patentes registradas por residentes y la de patentes registradas por no residentes, durante el periodo 1990-2011, con el fin de separar el efecto que tienen las patentes registradas por residentes y las registradas por no residentes.
Patente e um titulo de propriedade temporaria sobre uma invencao, ou modelo de utilidade, outorgados pelo Estado aos inventores ou autores ou outras pessoas fisicas ou juridicas detentoras de direitos sobre a criacao.
025 mg/kg de sulfato de vincristina de patente (Oncovin, Sandoz-Mexico) o generica (Crivosin, PisaMexico) por via endovenosa lenta, en forma semanal, hasta que clinica y citologicamente se deje de apreciar el TVTc (Scarpelli et al.
Hay toda una seccion de la ley dedicada a las denominadas licencias compulsorias (54) que reconoce tres tipos de ellas: relacionadas con el uso abusivo de derechos de sus titulares, la no explotacion en el pais y las patentes dependientes (cuando la explotacion de una patente requiere la utilizacion de otra).
De acuerdo con la practica nacional peruana de evaluacion de una solicitud de patente de invencion (1), ademas de cumplir con los requisitos de patentabilidad que exige el articulo 14 de la Decision 486: novedad, nivel inventivo y aplicacion industrial, la solicitud de patente de invencion debe cumplir con requisitos de redaccion tecnica como claridad y concision de la invencion (articulos 28 y 30 de la Decision 486), que este completa y debidamente sustentada.