The ownership of inventions can be determined through legal procedures, so as to effectively protect the achievements of inventions, monopolize the market and exchange the best interests. Patents can guarantee the right of the obligee to profit from technological achievements. Patent right is an exclusive right. After the patent right is granted, no one may use the patent without the permission of the patentee. This provides a legal guarantee for the patentee to recover the cost and profit of technology research and development.
Patents can give the patentee a competitive advantage. Having a patent indicates that the patentee has a technological advantage. If the patentee can turn technological advantage into competitive advantage, he can obtain legal monopoly position to a certain extent and within a certain range, thus gaining the initiative and opportunity of market competition and seeking excess profits. Patents are an important way to learn the latest technology. The principle of applying first can promote the early disclosure of the latest technology and create conditions for the public to learn the latest technology. The public can learn about the latest technology by consulting published patent applications.
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