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Home Definitions

What is a Patent? Definition or Meaning

Posted by Bizversity

If you are working on something unique and believe you can commercialise it to your benefit, you can take out a patent which is a right for you to develop the product without allowing others a chance to run with your idea. Essentially, it allows you to seek exclusive ownership of your idea.

For example…

If you were to develop a prototype for an in-sink dishwasher that would immediately rinse and clean the dish as you drop it in, you could probably apply for a patent. I say “probably” because there are some models of these around and you need to think of a way to make it unique and develop something that will challenge anyone who says “dishes don’t wash themselves you know!”

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Our Mission is to grow the people that move the world forward. Because business people change things. They learn, they create, they build, they disrupt. And when they do, they influence the people around them and the world becomes a better place. So if you are an entrepreneur, business leader, executive or startup, and you want to grow, welcome to Bizversity.

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