What is the Purpose of Patents in Startup?
A patent is a government-granted legal monopoly in exchange for public disclosure of an invention. A patent grants the owner the right to prevent others from exploiting the invention in the region covered by the patent. A patent can be extremely valuable to the owner. A patent permits the owner to profit from his or her invention without fear of competition. They can either work on the patent themselves, such as by producing the patented goods, or they can license [...]
