20140318

patent

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TERM OF THE DAY

patent

1. Clear or obvious on the fact of it.
2. Limited legal monopoly granted to an individual or firm to make, use, and sellits invention, and to exclude others from doing so. An invention is patentable if it is novel, useful, and non-obvious. To receive a patent, a patent application must disclose all details of the invention so that others can use it to further advancethe technology with new inventions. Patentable items fall under four classes (1)Machine: apparatus or device with interrelated parts that work together to perform the invention's designed or intended functions, (2) Manufacture: all manufactured or fabricated items, (3) Process: chemical, mechanical, electrical or other process that produces a chemical or physical change in the ...
Learn more about this term
Usage Example
As a leader of the technology industry, Apple has a large number of patents that aid in distinguishing the company's products from those of its competitors.
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