brand glossary: patent

A patent protects original inventions, a product or process/methodology that provides a new way of doing something, or a new solution. Patents grant the owner a monopoly on the invention for a fixed period of time. To secure a patent, an investor must file an application with the patent and/or trademark government body in their local country. Given the rate at which technology and science continue to progress, advance, and grow more complex, the patent process will do the same.