Patents are legal rights granted to inventors, providing them exclusive rights to produce, use, and sell their for a limited time.

Hardware patents protect inventions related to devices and equipment.

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

The presence of patents can make a company more appealing to , as they signify potential for profit and market stability.

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