A patent is a set of exclusive rights granted by a sovereign state or intergovernmental organization to an inventor or assignee for a limited period of time in exchange for detailed public disclosure of an invention. This exclusive right allows the inventor/company to prevent others from producing, using or selling the invention without their permission.

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A Patent Is

Question 212

Multiple Choice

A patent is

A) a bond issued by the government.
B) a bond issued by a state.
C) the monopoly right given to a producer/company.
D) an agreement between a union and management on certain labor issues.

Correct Answer: