The Power of Patents

Author:  Jack Champaigne | Editor
Source:  The Shot Peener magazine, Vol 33, Issue 1, Winter 2019
Doc ID:  2019001
Year of Publication:  2019
Why Patents are Important Companies can spend a lot of time and money to bring a new product to market and this investment may be protected with a patent. Patents are granted by governments to encourage inventors to share their intellectual knowledge. In exchange, the inventor is granted exclusive use of the technology for a limited time—usually 20 years. Patent attorneys are often used to file for a patent due to the complex nature of the rules and regulations. There are three main sections of a patent: The abstract, the description, and the claims. Full disclosure of the idea is required in the description to support the claims of the patent and the drawings must completely and clearly illustrate the nature of the device or method being patented.

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