A patent

Name: A patent
Brand: Quizplus
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Question

A patent

Quizplus · Accepted Answer

A patent is nonrenewable, meaning that after the period of exclusivity expires, the invention becomes part of the public domain and can be freely used by anyone without the need for permission or payment of royalties to the inventor or patent holder. While some countries allow for extensions of the patent term in certain circumstances, these are not true renewals of the original patent, but rather additional periods of exclusivity granted for meeting specific requirements.

A Patent