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Purpose of Patent Protection

 

patent

A patent provides the owner the right to exclude others from

in the relevant territory.

It may thus constitute a revenue opportunity by way of creating a monopoly and/or through licences granted to third parties.

Also, the patent helps in fighting counterfeit products/imports.

Furthermore, being part of the owner's assets it may contribute significantly to the owner's value (e.g. with the aim of attracting investors).