Question

______ is a legal property offered by the state to an invertor or to his assignee giving exclusive rights to make, use, exercise and vond the invention for a limited period.

Answer 1

Patents is a legal property offered by the state to an invertor or to his assignee giving exclusive rights to make, use, exercise and vond the invention for a limited period.

Explanation:

It grants the owner the right to exclude others from using the invention without permission. A patent is a type of property that can be bought, sold, assigned, or licensed. In India, for example, a patented invention is protected for 14 years. To be patentable, an invention must be new, useful, involve an inventive step, and be capable of industrial application. This legal protection incentivizes innovation by safeguarding the inventor’s rights and promoting technological advancement.