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Patent (view source)

Revision as of 02:31, May 6, 2007

361 bytes added ,  02:31, May 6, 2007
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A patent gives an inventor the right to exclude use by others of his invention. This gives an incentive for inventing useful things, as the inventor can earn fees by obtaining a patent and then licensing it to others. There are several types of patents.

In the United States, the term of a patent (filed after 1995) is 20 years from the earliest filing date.
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