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PBL Guide to Patenting

About Patents

A patent, once granted, gives the patent owner the right to stop others exploiting the patented (claimed) invention. A patent is granted to the patent owner by the State in return for a complete description of the invention in the patent. This fair reward for disclosure is how the patent system encourages the dissemination of new information so that others may learn from and improve on them (as opposed to keeping new knowledge secret). The patent owner can then benefit from a limited monopoly as defined in the claims of the granted patent - in that she/he can commercially exploit her/his invention, and/or can license the "intellectual property rights" to others to exploit the invention, perhaps in return for a royalty.

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