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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

patent

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

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.

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.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
Se trata, pues, de contratos reciprocos de licencia de patente (25).
Asimismo, se acudira a este mecanismo cuando la consecucion de un producto final exija acceder a una cantidad ingente de patentes sobre las materias primas o los procesos de fabricacion del mismo -fenomeno conocido como "patent thicket" (30) (marana de patentes)--, ya que en este escenario existe dificultad para saber si la explotacion de una patente podria invadir alguna esfera protegida por otra (31).
Ademas, en este ultimo apartado se ilustran dos extremos que coexisten a nivel continental, y que precisan ser direccionados lo mas armonicamente posible para llevar este desafio suramericano a buen puerto: por una parte, el liderazgo de Brasil en materia de acceso a medicamentos esenciales en el hemisferio sur, y por la otra, los TLC suscritos con Estados Unidos por Chile, Peru y Colombia, paises que asumen algunas obligaciones con la potencia norteamericana que refuerzan la patente farmaceutica y exceden las obligaciones asumidas por los Estados en el Acuerdo sobre los ADPIC.
Apesar da analise apresentada ter destacado que o atraso no registro de patentes relacionadas a energia eolica leva no minimo 2 anos, Junior e Da Silveira Moreira (2017) apontam que o tempo medio do IN PI para conceder um registro de patente esta proximo dos 11 anos.
Pero la mayor influencia de los Estados Unidos de America en terminos de citaciones de debe al tratado de libre comercio (TLC), en especial al proceso de las patentes de acceso a medicamentos, donde las citas a patentes de Estados Unidos se debe al hecho de que muchas de las aplicaciones son como el piso de la investigacion tecnologica del pais, mientras que para Peru este tipo de patente es el techo de la investigacion.
* Possui algoritmos que possibilita criar uma rede temporal de entrada bibliograficas associadas as patentes e seus atributos, que permite a manipulacao e exploracao das informacoes colhidas de cada patente criando um grafico completo dos dados.