patent

(noun)

A declaration issued by a government agency declaring someone the inventor of a new invention and having the privilege of stopping others from making, using or selling the claimed invention; a letter patent.

Related Terms

  • idea screening
  • obsolete
  • distinctiveness

Examples of patent in the following topics:

  • Licensing

    • They can enter the agreement with a Chinese firm, allowing them to use their product patent and giving other resources, in return for a payment.
    • Licensing generally involves allowing another company to use patents, trademarks, copyrights, designs, and other intellectual in exchange for a percentage of revenue or a fee.
    • The rights or resources may include patents, trademarks, managerial skills, technology, and others that can make it possible for the licensee to manufacture and sell in the host country a similar product to the one the licensor has already been producing and selling in the home country without requiring the licensor to open a new operation overseas.
  • Licensing

    • Under a licensing agreement, a firm (licensor) provides some technology to a foreign firm (licensee) by granting that firm the right to use the licensor's manufacturing process, brand name, patents, or sales knowledge in return for some payment.
  • The political/legal environment

  • Screening

    • For example, new product ideas can be rated on a scale ranging from very good to poor by such criteria as value added, sales volume, patent protection and affect on present products.
  • New Product

    • Having legal protection via a patent or copyright may also allow for an excessively high price.
  • Assets

    • Examples of intangible assets are goodwill, copyrights, trademarks, patents, computer programs, and financial assets, including such items as accounts receivable, bonds and stocks.
  • Growth through buying out other companies

    • The acquisition of other firms can also be a chance to gain technological knowhow, or even new technologies in the form of patents.
  • Using a Product Life Cycle Framework

    • Often, new products may, upon introduction, realistically expect a long period of lasting distinctiveness or market protection—through such factors as secrecy, patent protection, and the time and cash required to develop competitive products.
  • The State of Competition

    • Competition has become increasingly present in intellectual property, such as copyright; trademarks; patents; industrial design rights; and, in some jurisdictions, trade secrets .
  • Basic Consumer Rights

    • The federal government has taken many steps to ensure the availability of a healthy environment open to competition through legislation, including limits on concept ownership through Patent Law, prevention of monopolistic business practices through Anti-Trust Legislation, and the outlaw of price cutting and gouging.
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