Patented

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Patented

Patented (/pəˈtɛntɪd/; from Latin patentem, "open") refers to the exclusive rights granted by a sovereign state to an inventor or assignee for a limited period of time in exchange for detailed public disclosure of an invention.

Etymology

The term patented originates from the Latin word patentem which means "open". This refers to the 'open' nature of the patent document which is made available to the public to promote transparency and encourage innovation.

Definition

A patent is a form of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of years in exchange for publishing an enabling public disclosure of the invention.

Related Terms

  • Invention: A unique or novel device, method, composition or process that is not obvious to others skilled in the same field.
  • Intellectual Property: A category of property that includes intangible creations of the human intellect.
  • Copyright: A legal right that grants the creator of an original work exclusive rights to its use and distribution.
  • Trademark: A recognizable sign, design, or expression which identifies products or services of a particular source from those of others.
  • Trade Secret: A formula, practice, process, design, instrument, pattern, or compilation of information which is not generally known or reasonably ascertainable by others, and by which a business can obtain an economic advantage over competitors or customers.

See Also

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