A patent owner has a 20-year monopoly to develop and use its new product, process, or material.

Name: A patent owner has a 20-year monopoly to develop and use its new product, process, or material.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

This is true. When a patent is granted, the owner has exclusive rights to use, sell, and license the invention for a period of 20 years from the filing date of the patent application. After that period, the invention becomes part of the public domain and can be used by anyone.

A Patent Owner Has a 20-Year Monopoly to Develop and Use