What does patent mean?

Patent refers to the exclusive right granted to protect the new technology, new product or new design created by the inventor or holder. This right ensures that the inventor or holder monopolizes his own technological achievements within a certain period of time and can prevent others from copying them. Patent application needs to submit a patent application and evaluate the protected value of the technology or product.

Patent applications usually need to pay a certain fee and pass strict examination. Once a patent is issued, the holder can monopolize it and prevent other companies, organizations or individuals from engaging in similar research or production. Patents can also be used as a commercial means to help improve the brand weight of manufacturers or the sales of products.

The term of protection of a patent may vary by country, region or type. Generally speaking, the patent is valid for 20 years. Once the patent expires, anyone can freely use the technology or product. Therefore, as the right holder, during the patent maintenance period, it is necessary to keep the awareness of patent protection, prevent the occurrence of infringement, and ensure that their rights and interests are not lost.