Patent Registration-Environmental Impact Assessment Tool for Sustainable Development
Revolutionizing Business Practices: The Significance of Patent Registration Introduction: In the dynamic landscape of commerce and innovation, securing intellectual property rights is paramount for businesses seeking to safeguard their innovations, inventions, and processes. Patent registration is a cornerstone in this endeavor, offering legal protection and exclusive rights to inventors and innovators. This article explores the significance of patent registration in fostering innovation, protecting investments, and driving economic growth. The Power of Patent Registration: Patent registration grants inventors and innovators the exclusive right to exploit their inventions for a specified period, typically 20 years from the filing date. This exclusivity incentivizes investment in research and development, driving innovation across various sectors. By providing a legal framework for protecting intellectual property, patents encourage entrepreneurs to disclose their inventions to the publ...