Which of the following statements holds true for a patent?
A)A patent application cannot be accessed by the general public.
B)A patent expires at the end of a 20-year period.
C)A patent is subject to "first-to-invent" patent process,rather than the "first-to-file" process.
D)A patent is a process used in a business and disclosed only to those employees who need to know it to do their jobs.

Question

Quizplus · Accepted Answer

A patent grants exclusive rights to an inventor for a limited period of time which is usually 20 years from the date of filing. Option A is incorrect because patent applications are eventually published and made available to the public. Option C is incorrect because the United States has now adopted a "first-inventor-to-file" system. Option D is incorrect as it describes a Trade Secret, not a patent.

Which of the Following Statements Holds True for a Patent