WHAT IS PATENT
Invention defines a solution of a problem in the field of technology. Concept of invention constitutes foundation of patent law. Patent right is an exclusive right given by law to inventors to produce, make use of, sell or import their inventions for a limited period of time specified under the law. The certificate granting such right is called patent. The patent owner is entitled to exclude others from making, using, importing or exporting or selling the claimed invention without patent owner’s consent, for a fixed period of time, and in case of infringements, to claim material and moral indemnity.
Patented invention becomes property of the inventor same as other goods which can be traded, rented, rented out.
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