A patent is a right that is granted to someone that invents something. It is granted by the federal government that essentially permits the inventory to be able to ensure profit on the invention by preventing and excluding others to copy or use something in the invention for a specific period of time. This is designed to provide an incentive to inventors to innovate and come up with new ideas. Without this kind of legal protection in place, innovation would not be profitable and thus there would be no incentive to do so.
Below, we will we go over some of the different kinds of patents available.
1. Utility Patents.
This is a kind of patent that is most prevalent. This kind of patent is typically granted to chemicals, processes, or machinery.
2. Design Patents.
This type of patent is granted to protect those that create some sort of unique appearance or design of different variations of products. This protects the overall design language of an object.
3. Plant Patents.
This kind of patent is granted to help protect new reproductions of plant varieties.
Overall, there are a lot of different things that you can patent. Without these kinds of protections in place, it would be very difficult to profit off of new ideas and innovations due to the amount of research that goes into successfully doing so. As a result, a lot of inventions would simply never come to fruition because the investor will always worry about having to protect his/her idea and without being able to do so, someone could just see what they are bringing to market and copy it. Thus, these patents are in place in order to limit this and to provide an incentive for inventors to continue innovating and spending the time, money, energy, and resources in doing so.