Patent

Patent

• It is a form of intellectual property. It consists of a set of exclusive rights granted by a sovereign state to an inventor or their assignee for a limited period of time, in exchange for the public disclosure of the invention.

• A form of protection that provides a person or legal entity with exclusive rights for making, using or selling a concept or invention and excludes others from doing the same for the duration of the patent.

Source: http://www.entrepreneur.com/encyclopedia/term/82342.html

             http://en.wikipedia.org/wiki/Patent