This is going to be a short but informative post on patent system of enterprises.
A patent is a set of exclusive rights granted by a national government to an inventor or their assignee for a limited period of time in exchange for a public disclosure of an invention.
The procedure for granting patents, the requirements placed on the patentee, and the extent of the exclusive rights vary widely between countries according to national laws and international agreements.
Read more: https://www.entrepreneurshipsecret.com/understanding-patent-system-of-enterprise/