Patent laws establish property rights for new goods
A)for 10 years
B)for 20 years
C)for 5 years
D)until a better product comes along
E)until the firm goes out of business

Question

Quizplus · Accepted Answer

Patent laws establish property rights for new goods for 20 years. After this time period, the patented product becomes available for others to use and produce without permission from the original patent holder.

Patent Laws Establish Property Rights for New Goods