Question

meaning of goodwill and patents​

Answer 1

Answer:

Explanation:

Goodwill is an intangible asset associated with the purchase of one company by another. Examples of goodwill are the value of a company's brand name, good employee relations, good customer relations, reputation etc.

Patents are intangible assets that provides long term value to the owning equity. A patent is a grant of protection for an invention.  

Answer 2

In modern usage, the term patent usually refers to the right granted to anyone who invents something new, useful and non-obvious.