patent

Definition

The exclusive right, granted by the government, to make use of an invention or process for a specific period of time, usually 14 years.

Use patent in a sentence

I had to make sure to put a patent on my most recent invention because I did not want anyone to steal it.

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The patent was filed for by the eccentric inventor who obtained the patent and was then able to contact producers.

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In order for the investors to consider giving any cash to the inventor of the product, they would first need to ensure that a patent and been filed and approved.

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IP-backed forfeit