12â² X 15â² Master Bedroom Example: $3,200.00. Letâs say you want to decorate your master bedroom with a full set of moldings. Letâs also say youâre going to hire a well-qualified finish carpenter to install the moldings and a professional painter to make it all look perfect.
Such description is the quid pro quo of the patent system; the public must receive meaningful disclosure in exchange for being excluded from practicing the invention for a limited period of time. [ Update: In fact, some argue, crankishly, that disclosure is the only purpose of patent law.ut the patent âstatuteâ is not isolated. The âlawâ is what legal rules are enforced in society, and that is a result of the actions of the courts and the legislature, in our system.
A patent is an exclusive right granted for an invention. In other words, a patent is an exclusive right to a product or a process that generally provides a new way of doing something, or offers a new technical solution to a problem. To get a patent, technical information about the invention must be disclosed to the public in a patent application. The patent owner may give permission to, or license, other parties to use the invention on mutually agreed terms. The owner may also sell the right to the invention to someone else, who will then become the new owner of the patent.