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Patents

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by

Gareth Saunders

on 8 February 2016

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Transcript of Patents

What is a Patent?
Patents
In principle, the patent owner has the exclusive right to prevent or stop others from making money out of the patented invention. In other words, patent protection means that the invention cannot be:
commercially made, used, distributed, imported or sold by others without the patent owner's consent.

Patented inventions have affected every aspect of human life, from electric lighting (patents held by Edison and Swan) and plastic (patents held by Baekeland), to ballpoint pens (patents held by Biro), and microprocessors (patents held by Intel).
1.
Incentives
and
protection
for individuals, by offering them
recognition for their creativity
and the possibility of
material reward
for their inventions.
2. Patents
spread new knowledge and speed up innovation activities
by forcing companies to invent something new in order to compete against the original patented invention. This has the effect of continually improving human life and looking for new solutions.
The protection is granted for a limited period, generally
20 years
from the filing date of the application.
Patents are
territorial rights.
In general, the exclusive rights are only applicable in the country or region in which a patent has been filed and granted, in accordance with the law of that country or region.
A patent is an exclusive right granted for an
invention
, which is a product or a process that provides:
1) a new way of doing something, or
2) offers a new technical solution to a problem.
To get a patent, technical information about the invention must be disclosed to the public in a patent application.
How Long is it Valid?
Why do we have Patents?
What do Patents Give Us?
What Protection does it Offer?
Only another 19 years, 358 days, 15 hours and 19 minutes until my patent expires!
The Sinclair C5, patented by Sir Clive Sinclair, copied by....nobody
Imagine what would happen without patents...
Without protection of inventions, “free-riders” could easily use technical knowledge found in inventions without giving any recognition of the creativity of the inventor or contribution to the investments made by the inventor.
And Inventors wouldn't invent anything?
Not exactly, however, inventors would be discouraged to bring new inventions to the market, and would keep their commercially valuable inventions secret. A patent system provides innovators with limited exclusive rights, thereby giving the innovators the possibility to receive appropriate rewards for their innovative activities.
I would invent a gadget that helps people talk to animals, but I can't get a patent!
Full transcript