What is a Patent?

QuestionsCategory: PatentsWhat is a Patent?
Admin asked 4 months ago
1 Answers
PA Legal Staff answered 4 months ago

In today’s world, ideas are becoming steadily more important than traditional forms of property. The largest companies in the world are tech companies, and on average about 80% of their assets are tied up in intangible property. Patents provide protection to inventions and innovations, making it so that competitors cannot use your idea for a fixed period of time, usually 20 years from the date of application.

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