A patent is a form of property. Surprising but true! Patents are a form of property, just like buildings, vehicles, and other tangible assets that a business may own. However, unlike these physical forms of property, patents fall under a unique category known as intellectual property. Intellectual property refers to creations of the mind, such as inventions, designs, and artistic works. 

Just as you can own a building or a car, you can also own a patent, which grants you exclusive rights to an invention or idea. This ownership allows you to control how your invention is used, manufactured, and sold, providing a valuable asset for your business. Understanding the concept of intellectual property and how patents fit into this category is crucial for businesses looking to protect innovative ideas and maintain a competitive edge in their industry.

For more information visit our sister company KISSPatent.

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