Patent

:This article relates to the intellectual property right. A land grant is also called a patent.

Related Topics:
Intellectual property - Land grant

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A patent is a set of exclusive rights granted by a state to a person for a fixed period of time in exchange for the regulated, public disclosure of certain details of a device, method, process or substance (known as an invention) which is new, inventive and useful.

Related Topics:
Exclusive right - State - Invention - New - Inventive - Useful

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The term "patent" originates from the Latin word patere which means "to lay open" (ie. make available for public inspection) and the term letters patent, which originally denoted royal decrees granting exclusive rights to certain individuals or businesses.

Related Topics:
Latin - Public - Letters patent - Royal decree - Exclusive right - Business

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