Patents are really interesting! They represent the right to exclude others from using your unique invention. Inventions can be intangible (things you can’t touch) or tangible (things you can touch). There are many forms of them, and they are, admittedly, a very complicated body of law. The process of obtaining one is generally a long one, and the clock does start once it’s used in commerce. It’s important to understand that they are assets, and how they fit into a business’s value, business model and strategy.
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