The role of invention in the business world
In the world of business, invention and innovation are closely linked, but each has its own specific role to play. An invention arises as an…
These protect a new invention, with inventive activity and suitable for industrial application, which has as its subject:
A new product, a solution to a technical problem that has not yet been solved (e.g., machines and their parts, chemical formulations and compounds, industrial equipment including high-technology equipment);
A process, i.e., a new industrial method, process or procedure for making products which are already known, or a new specific industrial machining process.
The patent has a duration of 20 years from the application filing date, is non-renewable and subject to the payment of annual fees (so-called “annuities") for its maintenance.
Recognises the inventor as the author of the invention (moral right);
Grants the patentee the exclusive right of economic use of the invention itself (property right) in the territory where the patent is filed, thus preventing third parties from illegally exploiting it commercially.
In the world of business, invention and innovation are closely linked, but each has its own specific role to play. An invention arises as an…
The act of filing a patent application is a necessary step for acquiring the exclusive rights over it, valid only in the countries where it…