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Finance Dictionary and Glossary of Investment Terms
Patent
Definition 1.
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.
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Definition 2.
The exclusive right, granted by the government, to make use of an invention or process for a specific period of time, usually 14 years.
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Definition 3.
A government license that allows one exclusive rights to a process, design, or new invention.
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