Patent
Patent is the protection for the invention which must be a novel and inventive product, method or substance.
A patent owner can prevent the others from manufacturing, using, selling, importing or exporting your patented invention. Anyone does the aforesaid actions without the authorization of the patent owner would result in patent infringement.
Some countries, for example, China, have two kinds of patents, depending on the nature of the invention.
Invention patent refers to any new techinical solution relating to a product, a process or improvement thereof.
Utility model patent refers to a new technical solution relating to the shape, the structure, or their combination, of a product, which is fit for practical use.
- The patentee can be a sole supplier of the patented invention
- Allow any third party to use the patented invention for licensing fees