patent

(noun)

A legal right to a particular innovation, protecting it from being copied or employed by another without consent or license.

Related Terms

Examples of patent in the following topics:

  • Sourcing Technology

    • In the Information Age knowledge is power, and more than ever companies are trying to protect their knowledge from competitors or freeloaders by using patents and trade secrets.
    • Transfer of technology is therefore expensive, from licensing the patented technology to requesting training in new technological advances for staff.

  • Cooperative Strategy

    • The above chart highlights the total patents granted over time in the U.S.
    • Because the number of patents has increased in recent years, technology transfers in strategic alliances have become more common.

  • Technology as a Driver and Enabler of Innovation

    • Between 1981 and 2004, India and China, developed a National Innovation System designed to invest heavily in R&D with a particular focus on patents and high-tech and service exports.

  • The Impact of External and Internal Factors on Strategy

    • Technology: the technological strengths and weaknesses (such as patents, machinery, IT, etc.)

  • PESTEL: A Framework for Considering Challenges

    • Legal issues such as affirmative action, patent infringements (a recent example being Apple vs.