A patent is a legal right that gives the owner an exclusive right to exploit an invention, in a specific territory, and for a specific period (20 years).
Being an exclusive right, it allows the patent holder to prevent others from producing, selling, or using the patented invention without the authorization; this authorization is commonly called a license.
Therefore, patenting an innovative idea has a potentially high value that can be exploited on the market, making the company more competitive or allowing it to exclusively launch an innovative product or service.
For more information on the advantages and costs of patenting, please contact us at: info@metroconsult.it