Question

Grandmother?s home remedies have no commercial value, but can be patented and sold
to become economically valuable. What exactly is the meaning of the word Patent from the
following list of options?

Answer 1

Answer:

Patent means to give surity that the thing is your ' s only

Explanation:

Like if I have made a medicine then I have to patened it that other can't stole that

Answer 2

Answer:

A patent is a sort of protected innovation that gives its proprietor the legitimate right to prohibit others from making, utilizing, or selling a creation for a restricted time frame in return for distributing an empowering revelation of the development.

Explanation:

• In many nations, patent privileges fall under confidential regulation and the patent holder has the right to warn somebody infringing the patent to authorize their freedoms.
• The method for allowing licenses, prerequisites put on the patentee, and the degree of the elite freedoms change generally between nations as per public regulations and peaceful grants.
• Under the World Trade Organization's (WTO) TRIPS Agreement, licenses ought to be accessible in WTO part states for any development in all areas of innovation, if they are new, include an imaginative advancement, and are equipped for modern application.
• It is a concise form of the term 'letters patent', which was an open report or instrument given by a ruler or government allowing select freedoms to an individual, originating before the advanced patent framework.
• Types of patent applications are provisional and non provisional applications, where conventional, PCT-International, PTC-National, divisional and patent of addition comes under provisional applications.

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