patent

Vocabulary Word

Definition

A 'patent' is a legal document granted by the government that gives the inventor of a product or idea the exclusive right to make, use, and sell it for a certain period of time.

Examples in Different Contexts

In intellectual property law, a 'patent' is a legal right granted to an inventor for a unique invention, giving them exclusive rights to use, make, and sell the invention for a certain period. A patent attorney might explain, 'Securing a patent for your invention is crucial to protect it from being copied or used without permission.'

Practice Scenarios

Academics

Scenario:

My research team has made a significant discovery in gene therapy.

Response:

Fantastic discovery! It's vital we apply for a patent immediately to protect our research.

Business

Scenario:

Our team has come up with a unique manufacturing process that could revolutionize our production line efficiency.

Response:

That sounds like an innovative idea. Have we considered filing for a patent?