What does Patent stand for?

A grant by law of a privilege, property, or authority, to one or more individuals – including the grant to an inventor of the right to exclude others from making, using or selling the invention for a term of years.

Source:

Merges, Robert P., and John Fitzgerald Duffy. “Patent Law and Policy: Cases and Materials.” LexisNexis, 7th edition, 2017.

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