Legal Definitions - patent-holder

A patent-holder is an individual, company, or other legal entity that possesses the exclusive legal rights granted by a patent. This means they have the sole authority to make, use, sell, or import their patented invention for a specific period, preventing others from doing so without their permission. Essentially, they are the owner of the patent.

• Example 1: Dr. Anya Sharma invents a new type of biodegradable plastic derived from algae. After successfully applying for and being granted a patent for her invention, Dr. Sharma becomes the patent-holder.

  Explanation: As the patent-holder, Dr. Sharma has the exclusive right to produce, sell, or license her algae-based plastic for the duration of the patent, protecting her innovation from unauthorized use by competitors.

• Example 2: TechCorp Inc. develops a groundbreaking new processor architecture that significantly improves computing speed and energy efficiency. They secure a patent for this technology. TechCorp Inc. is now the patent-holder for this innovative processor.

  Explanation: Being the patent-holder allows TechCorp Inc. to prevent other technology companies from manufacturing or selling devices that incorporate this specific processor architecture without obtaining a license or permission from TechCorp Inc., thereby protecting their market advantage.

• Example 3: The research department at State University discovers a novel compound with promising applications in cancer treatment. The university applies for and is granted a patent for this compound and its specific therapeutic uses. State University is the patent-holder.

  Explanation: As the patent-holder, State University can now license the rights to develop and commercialize this compound to pharmaceutical companies, ensuring that any profits generated from the invention can support further research and development, while also controlling its use.