Definition
A patent right is a legal entitlement granted by a government, giving an inventor the exclusive authority to make, use, and sell an invention for a specified period. This prevents others from profiting from the invention without permission. It's like having a copyright for an idea; protect your intellectual property! Imagine it as a force field around your cool gadget, keeping copycats away. The patent holder can then license or sell these rights to others. The goal is to encourage innovation by protecting innovators' investments.