A patent is a legal right granted by the state that gives you or your company the exclusive right to exploit a new invention.
Patents can protect your investment in innovation, but you don’t have to have a big idea to get a patent. Small innovations can be just as lucrative as major ideas, and a lot of patents cover smaller developments of earlier concepts.
In exchange for releasing certain details about an invention to the public, by way of a patent specification, a patentee is granted a monopoly right in the inventive concept for a period of up to 20 years.
Find out more here.