Value statementsâ ultimate purpose is to encourage behaviors from organization members that encourage the achievement of organizational goals and its mission. Leaders of an organization can encourage these behaviors from other members with a value framework that guides membersâ behavior.
How long a patent lasts depends on when the application was filed with the U.S. Patent and Trademark Office. For U.S. patents filed through June 17, 1995, the patent lasts for 17 years from the date the patent is issued, provided that the fees necessary to keep the patent in force (maintenance fees) are paid. For patent applications filed after June 17, 1995, the patent last 20 years from the date of filing. Since applications typically take one to three years to process, most patents filed after 1995 have an effective duration of 17-19 years.
A patent allows you, and only you, to profit from your genius when you invent something new. No one else can manufacture or sell your invention unless you give permission. However, this protection does not last forever. Depending on what youâve invented, your patent will expire in either 14 or 20 years. When this occurs, anyone can copy your idea and market it. When a patent expires, the protection it offers ceases to exist.