What is the intent of a patent?
A) to increase competition in the marketplace
B) to reward innovation and hard work of inventors
C) to slow the growth of monopolies
D) to encourage copycat inventions

Question

Quizplus · Accepted Answer

The intent of a patent is to reward innovation and hard work of inventors by granting them exclusive rights to their invention for a certain period of time, usually 20 years from the date of application. This incentivizes inventors to continue to innovate and create new products or processes, ultimately benefiting society as a whole.

What Is the Intent of a Patent