What is a Patent
Patent is a legal right achieved on an invention from approved authority. The inventor mainly gets patent legally to protect his invention. Generally a new patent is granted for 20 years. Patent granted by an authority of a country are effective only within the country territory. Clearly Patent granted in United States of America will be effective with in the territory of USA. But in some circumstances patent term extensions and adjustments are possible in patent.
What is the importance of patent
If an invention has some market value and the inventor think that others could make profits from his invention, he can apply for patent registration and he can legally protect his invention by achieving patent on his invention. So that nobody can make profit from his invention.
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