Question

What do you mean by the term patent under patents act?

Answer 1

A patent is a set of exclusive rights granted by a sovereign state or intergovernmental organization to an inventor or assignee for a limited period of time in exchange for detailed public disclosure of an invention. An invention is a solution to a specific technological problem and is a product or a process.

Answer 2

${\textbf{\underline{\red{Patent}}}}$

Patents are a right granted to an inventor that allows them to exclude all others from making, using, or selling their invention for 20 years.

In the U.S. the U.S. Patent and Trademark Office reviews and approves patent applications, which provide protection against others stealing their idea. Once approved, the patent holder is then the sole person or company who is permitted to make, use, or sell the product, process, or solution to a technological problem that they have developed and registered. All others are prohibited, unless they are given permission.