Patent

• An official document granting the holder the right to be the only user or producer of a newly invented product or process for a specified period (up to 20 years)
• A patent only lasts in one jurisdiction
• To gain a patent your product must

  • be a new invention
  • have a new inventive step
  • be capable of being made or used in some kind of industry
• A patent gives the patnet holder monopoly rights to use, make, license or sell the idea
• To get a patent, the investor must provide full drawings of the invention for the intellectual property office and demonstrate that the idea has original features and promise that the ideas are their own