Patent

    Patents: The Catalysts for a Vibrant Economy

    Patents: The Catalysts for a Vibrant Economy

    Patents are forms of intellectual property which provide owners with certain rights over inventions. Patents encourage innovation because they provide a limited monopoly to an inventor. By securing intellectual property rights, the inventor will be more likely to reap a great financial reward through the invention in question. Through this samefacilitation of innovation, patents also drive economic development.
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