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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

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Last updated: Tue, Nov 19, 2024, 09:02:24 PM UTC