Patents - Research Article from Encyclopedia of Business and Finance

This encyclopedia article consists of approximately 3 pages of information about Patents.

Patents - Research Article from Encyclopedia of Business and Finance

This encyclopedia article consists of approximately 3 pages of information about Patents.
This section contains 766 words
(approx. 3 pages at 300 words per page)
Buy the Patents Encyclopedia Article

A patent is the grant of a property right for an invention from the United States Patent Office to the inventor. A patent is granted for a twenty-year term beginning with the date on which the patent was filed in the United States, and U.S. patents are only effective in the United States, its territories, and its possessions. The language of the statute gives the inventor the right to exclude others from making, using, offering for sale, or selling the invention in the United States or importing the invention into the United States. Thus, the inventor is guaranteed the right to exclude others from making, using, offering for sale, selling or importing the invention.

The U.S. Constitution gives Congress the power to enact laws relating to patents in Article I, Section 8, which reads "Congress shall have power…to promote the progress of science and useful arts...

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This section contains 766 words
(approx. 3 pages at 300 words per page)
Buy the Patents Encyclopedia Article
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Macmillan
Patents from Macmillan. Copyright © 2001-2006 by Macmillan Reference USA, an imprint of the Gale Group. All rights reserved.