Patent: Relevance And It’s Importance
A patent is a set of exclusive rights granted by a state (national government) to an inventor or their assignee for a restricted period of time in exchange for a public disclosure of an invention. In other words, Patent is an alienable appropriate of monopoly given by a country to protect the possession of invention.
A patent application should incorporate claim defining the invention which need to be new, inventive, and beneficial or industrially applicable. The exclusive right granted to a patentee in most countries is the right to stop others from creating, utilizing, selling, or distributing the patented invention without permission.