Akademik

patent

the granting by a government of monopoly rights to the owner of an invention to manufacture and sell it for a certain number of years, conditional on the owner being willing to immediately reveal the ideas incorporated in the invention, so that they can be published for the advancement of knowledge of the general public. Glossary of Business Terms

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The exclusive right to use documented intellectual property in producing or selling a particular product or using a process for a designated period of time. Bloomberg Financial Dictionary

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▪ I. patent pa‧tent ¹ [ˈpeɪtnt, ˈpæ- ǁ ˈpæ-] noun [countable] LAW

1. a legal document giving a person or company the right to make or sell a new invention, product, or method of doing something and stating that no other person or company is allowed to do this:

• We believe our patent covers the actual commercial process used in making the new drug.

• alleged patent infringement (= breaking the law by using a product, idea etc without permission )

• McAfee hasfiled a patent (= making it official ) for delivering security software as a service over the Web.

2. patent pending also patent applied for used to say that someone has asked for a patent :

• Although the company has a patent pending on its product, it doesn't plan on keeping it.

[m0] ▪ II. patent patent ² verb [transitive] LAW

to obtain a patent, protecting the rights to make or sell a new invention, product, or method of doing something:

• The drug is owned and patented by Hoffmann-La Roche.

— patented adjective [only before a noun] :

• patented heat-transfer technology

• The easiest way to earn money from a patented invention is to license someone else to use it, and collect royalties.

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Ⅰ.

patent UK US /ˈpeɪt^ənt/, /ˈpæt^ənt/ noun [C] LAW

► the legal right to be the only person or company to make or sell a product for a particular number of years, or a document that gives you this right: apply for/file/take out a patent »Filing a patent is a long and expensive process.
be awarded/granted a patent »An American company was granted the patent last year.
a patent on sth »He expects to be awarded a patent on his invention later this month.
a patent for sth »The company has been granted a patent for a milk carton opener.
»The drugs are protected by patent.
»The lawsuit will continue even after the patent expires.
»a patent attorney/lawyer
»a patent application

● come/go off patent — Cf. go off patent

● patent pending — Cf. patent pending

Ⅱ.

patent UK US /ˈpeɪt^ənt/, /ˈpæt^ənt/ verb [T] LAW

► to get the legal right to be the only person or company to make or sell a product for a particular number of years: patent a device/process »The company has designed and patented a device which it claims will sharply reduce pollution emissions from older cars.

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patent UK US /ˈpeɪt^ənt/, /ˈpæt^ənt/ adjective

► LAW PATENTED(Cf. ↑patented)

Financial and business terms. 2012.