Patents grant the owner a temporary on their invention, allowing them to control market entry and maximize financial returns.

To obtain a patent, inventors must publicly disclose detailed information about their .

By securing exclusive rights, patents incentivize inventors to invest time and resources into research and development, fostering a culture of .

Hardware patents protect inventions related to devices and equipment.

For an invention to be patentable, it must be , meaning it cannot be previously known or used by others before the patent application date.

Patents are only valid for a limited time, typically years.