Patent

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A Patent application should have the following characteristics:

  • Invention (as opposed to a discovery)
  • New (not yet published or made available to the public)
  • Inventive
  • Protection max 20. years

It has the following uses:

  • A possibility to obstruct a competitor
  • A way to make money (licensing)
  • Formalization of an asset of your company
  • Standardization
  • PR Value