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Patent

A patent is a set of exclusive rights granted by a state to a person for a fixed period of time in exchange for the regulated, public disclosure of certain details of a device, method, process or substance (known as an invention) which is new, inventive and useful.

The term originates from the Latin word patere which means "to lay open" (ie. make available for public inspection) and the term letters patent, which originally denoted royal decrees granting exclusive rights to certain individuals or businesses.

Economic rationale and criticisms

There are two primary justifications for granting patents. First, in accordance with the original definition of the term "patent," it is argued that awarding patents facilitates and encourages disclosure of innovations into the public domain for the common good. Without patent protection, an inventor may prefer to keep her invention a secret. Disclosure of an invention allows other inventors to improve upon it and patent their improvements. Furthermore, when a patent's term has expired, the public record insures that the patentee's idea is not lost to mankind.

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Second, it is broadly believed that patent protection incentivizes economically-efficient research and development (R&D). Many corporations have annual R&D budgets of hundreds of millions or even billions of dollars. In a society without patnts, it is conceivable that each corporation would lower or eliminate R&D spending, because each could reap what another had sown. This second justification closely parallels fundamental arguments underlying traditional property rights--who would build a house if another could freely occupy it?

However, there are compelling arguments in opposition to patent rights. Most fundamentally, granting a patent confers a monopoly of sorts upon an owner, because he may legally exclude competitors from using or exploiting the invention (though strictly speaking, the word "monopoly" requires that there is no viable alternative in the marketplace). In this way, patnt rights differ from traditional property rights--building a house does not prevent one's neighbor from building a house, but patenting an invention bars anyone in the country of filing from producing the invention for the term of the patent. Indeed, patents have historically been granted by sovereigns to non-inventing parties in favor merely so they could profit from monopoly power. The stifling of competition due to patent rights may result in higher prices, lower quality, and shortages--characteristic problems with monopolies.

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Legal implementation
A modern patent provides the right to exclude others from making, using, selling, offering for sale, or importing the patented invention. Generally, patents are enforced only through civil lawsuits. Patent licensing agreements are effectively contracts in which the patent owner (the licensor) agrees not to sue the licensee for infringement of the licensor's patnet rights. Governments typically reserve the right to suspend or cancel a patent at will.

A patent application, for a utility patent in the United States (as opposed to a design patent), must explain how to practice (i.e., make and/or use) the invention(s) and must also include claims that particularly point out the invention(s) and define the scope of the subject matter for which exclusive rights are sought by the patent applicant. The exclusive rights are limited to the subject matter encompassed by the patent's claims. Paten claims are typically of the form of a long sentence, e.g.:

* "An apparatus for catching mice, comprising a base member for placement on a flat surface, a spring member..."
* "A chemical for cleaning windows, comprising approximately 10-15% ammonia, ..."
* "A method for computing future life expectancies, the method comprising gathering personal data including X, Y, Z, ..."

Term of patent
Patent application
Patent attorney

Each word of a claim is considered an "element" or "limitation" of the claim. In order to exclude someone from using your patented invention in a court, you will have to demonstrate to the court that what the other person is using is included within the scope of at least one claim.

For this reason, it is more valuable to obtain patent claims that include the absolute minimal set of limitations that differentiate a new invention over what came before. While the United States is moving towards more rigid claim interpretations, "equivalents" of claim elements or limitations may be permitted in determining patent infringement. The practice elsewhere in the world differs.

See:
Intellectual Property Rights
Patent Prosecution Process
Patentable Subject Matter
• cross-licensing agreements
Exclusive Rights
LLC Limited Liability Company
Invention
Timeline of Invention
General Patent Corporation Wins Reexamination for Acticon Patents
Intellectual Property - The 3 Branches: Copyrights, Patents & Trademarks
Patent - How To Get One
Patent Expert Offer Free Do-It-Yourself Patent Course to Independent Inventors

Legal concepts
Assignor estoppel -- Claim -- Defensive publication -- Disclaimer -- Doctrine of equivalents -- Essential patent -- Exhaustion of rights -- First to file -- First to invent -- Industrial applicability -- Interference proceeding -- Inventive step -- Inventor -- Letters patent -- Non-obviousness -- Patent family -- Patent infringement -- Patent misuse -- Patent pending -- Patent pool -- Patentability -- Person having ordinary skill in the art -- Petition to make special -- Prior art -- Prosecution history estoppel -- Provisional rights -- Reasonable and Non Discriminatory Licensing -- Reduction to practice -- Research exemption -- Sufficiency of disclosure -- Supplementary protection certificate -- Term of patent -- Unity of invention -- Utility

Special types of patents and patent applications
Biological patent -- Business method patent -- Chemical patent -- Design patent -- Patent application (see also: Continuing patent application (incl. continuation, divisional and cip) -- Provisional application) -- Software patent (see also: List of software patents -- Software patent debate -- Software patents under the European Patent Convention -- Software patents under the Patent Cooperation Treaty -- Software patents under TRIPs Agreement -- Software patents under U.S. patent law) -- Utility model

Organizations and patent offices
Main articles: intellectual property organization and patent office.
African Regional Intellectual Property Organization (ARIPO) -- Canadian Intellectual Property Office (CIPO) -- Eurasian Patent Organization (EAPO) -- European Patent Organisation (EPO or EPOrg) (incl. European Patent Office) -- Organisation Africaine de la Propriété Intellectuelle (OAPI) -- United Kingdom Patent Office -- United States Patent and Trademark Office (USPTO) -- World Intellectual Property Organization (WIPO)

Treaties, conventions and other legal texts and frameworks:

Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPs Agreement) -- American Inventors Protection Act (AIPA) -- Budapest Treaty -- Community Patent (proposed) -- EU Directive on the Patentability of Computer-Implemented Inventions (proposed, then rejected) -- EU Directive on the Patentability of Biotechnological Inventions -- European Patent Convention (EPC) -- European patent law -- European Patent Litigation Agreement (EPLA) (proposed) -- Paris Convention for the Protection of Industrial Property -- US Patent Reform Act of 2005 -- Patent Cooperation Treaty (PCT) -- Patent Law Treaty (PLT) -- Substantive Patent Law Treaty (SPLT) (proposed) -- Statute of Monopolies 1623 -- Strasbourg Convention -- United States patent law

Other
Chartered Institute of Patent Agents (CIPA) -- Industrial design rights -- Industrial property -- INPADOC - Intellectual property -- International Patent Classification (IPC) -- List of top United States patent recipients -- Patent attorney -- Patent clerk -- Patent model -- Patent troll -- X-Patent

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