What Is A Patent?

A right to intellectual property (IP) granted for technical innovation is known as a patent. It gives you the ability to stop other people from exploiting your idea for commercial reasons for a period of up to 20 years. You are the one who decides who can create your invention, who can sell it, and who can import it into nations where you have a valid patent on it. You also have the option of trading your patent, such as selling it or licensing the use of your innovation to third parties.