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What is a Patent?
A patent is an exclusive right granted by a government for a new invention, which can be a product or a process. It provides the owner with the legal authority to prevent others from making, using, selling, or importing the patented invention without permission for a limited period, typically 20 years. Patents protect technical innovations and functional improvements.
Why Obtain a Patent?
Securing patents is a strategic cornerstone for competing globally. It transforms your innovation into a protected commercial asset, allowing you to recoup R&D investment and gain a competitive edge. Patents can generate revenue through licensing, attract investment, and enhance your company's valuation. In the context of global supply chains and international competition, a robust patent portfolio acts as both a shield against imitation and a sword to secure market position. It is fundamental for fostering innovation, securing technology leadership, and driving commercial success on the world stage.
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