while territorial in nature, granted by a sovereign state or a country to an inventor or assignee for a limited period of time in exchange for detailed public disclosure of an invention when certain conditions are met according to set standards.
Patents provide an owner of the patent of an invention with the right to exclude others from exploiting the invention. Generally, patents are granted for 20 years, starting from the date on which the first patent application is filed. The term of the patent right of a legal owner of the patent with respect to an entity or an individual who is a non-legal owner of the patent will expire after 20 years from the date on which the patent application was filed by the non-legal owner of the patent.
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