A patent is a legal document that gives an inventor the exclusive right to manufacture, use, and sell an invention for a certain period of time. In exchange for this exclusive right, the inventor must disclose the details of the invention to the public. Patents are typically granted for a period of 20 years. Once a patent expires, anyone can use, manufacture, and sell the invention without permission from the inventor. patents can be filed on a wide range of products, including machines, medical devices, chemicals, and computer software. The patent application process can be complex and expensive, so it is often advisable to consult with a patent attorney before filing an application. patents play an important role in encouraging innovation by giving inventors a financial incentive to develop new products. Without patents, inventors would have little incentive to create new products because others could simply copy their inventions and sell them at a lower price. As a result, patents are an important part of the product development process.
Here, we look at how innovation managers are also patent managers.
Enforcing your patent can be difficult, but it's important to do everything you can to protect your invention.