Review:
Patents
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
Patents are exclusive rights granted by a government to an inventor or assignee, allowing them to exclude others from making, using, or selling their invention for a limited period of time.
Key Features
- Exclusive rights
- Limited duration
- Protects inventions
Pros
- Encourages innovation and creativity
- Provides inventors with financial incentives
- Promotes economic growth and development
Cons
- Can be costly to obtain and maintain
- May lead to monopolies and hinder competition
- Patent trolls may abuse the system