Business Studies, asked by jubiyeptho, 1 month ago

2. WRITE A BRIEF INTERPRETATION AND SUMMARY OF THE CASE IN ALMOST TWO TO THREE PARAGRAPHS.​

Answers

Answered by AnshikaDhiman100
0

Answer:

invention for a certain period of time,

which is given to an inventor as compen-

sation for disclosure of an invention.

Although it would be beneficial for the

world economy to have uniform patent laws,

each country has its own laws designed to

protect domestic inventions and safeguard

technology. Despite widespread variation,

patent laws generally fall under one of two

principles: the first-to-file and first-to-

invent. The first-to-file principle awards a

patent to the person or institution that

applies for a patent first, while the first-to-

invent principle grants the patent to the

person or institution that was first to invent –

and can prove it. Most countries have

adopted the first-to-file system. However,

the United States maintains a first-to-invent

system, despite obvious shortcomings. A

result of countries employing different

patent law principles is inconsistency of

patent ownership.

This first sentence is a general definition. It

may be safe to assume that your audience is

already familiar with patents; thus you do

not have to include it in your summary.

This is the main idea.

The classification of the two principles is

important.

Ignore specific details about the different

principles. The terms are self-explanatory.

It is important to point out that most of the

world follows one system and the United

States another.

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