Patent
Definition
A patent is an exclusive legal right granted by the government that gives inventors protection over their inventions or discoveries for a specific period of time. It prevents others from making, using, or selling the patented invention without permission.
Analogy
Imagine you invented a cool new gadget called "GlowBuds" that lights up your shoes while walking at night. Getting a patent for GlowBuds would be like getting an official certificate stating that only you can make and sell GlowBuds, giving you exclusive rights over this invention.
Related terms
Intellectual Property: Intellectual property refers to creations of the mind such as inventions, designs, symbols, or artistic works that are protected by patents, copyrights, or trademarks.
Copyright: Copyright protects original works of authorship (e.g., books, music) from being copied or used without permission.
Trademark: A trademark is a symbol, word, phrase, or logo that distinguishes and identifies a product or brand from others in the market.
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