Simple English definitions for legal terms
Read a random definition: hidage
Definition: A patent grant is a governmental grant of a right, privilege, or authority to exclude others from making, using, marketing, selling, offering for sale, or importing an invention for a specified period (usually 20 years from the date of filing), granted by the federal government to the inventor if the device or process is novel, useful, and nonobvious.
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Explanation: These examples illustrate how a patent grant gives the inventor the exclusive right to use and profit from their invention for a certain period of time. This encourages innovation and allows inventors to recoup their investment in research and development. However, it also means that others cannot use or profit from the invention without the inventor's permission, which can limit competition and innovation in some cases.