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High Impact Patent Law Journals | Open Access Journals
Business and Economics Journal

Business and Economics Journal

ISSN: 2151-6219

Open Access

High Impact Patent Law Journals

A patent could be a written document that's granted to Associate in having artificer by the agency so as to safeguard the topic matter seeking protection. Simply put, a patent is Associate in Cherishing prerogative presented by the govt on Associate in Nursing artificer, to stop others from exploiting the patent while not his permission.A patent provides its owner with the proper to exclude others from exploiting the proprietary technology, including, for instance, making, using, or commercialism the proprietary invention. This “exclusive right” allows the patent owner to recoup development prices and procure a come of investment within the development of the proprietary technology. Effective patent protection stimulates analysis and may be a key demand for raising working capital. it's additionally crucial to overall economic process. An organization that decides to file patent applications ought to adopt a strategic approach that obtains worth from patents whereas minimising prices related to getting the patents.

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