Asked by Jasmine Agosto on Jun 07, 2024
Verified
How long is the legal temporary monopoly that present patent laws provide to the inventor after the filing of the patent application?
A) Ten years
B) Seventeen years
C) Twenty years
D) The lifetime of the inventor.
Temporary Monopoly
A situation where a company has exclusive control over the market for a limited period, often due to a patent or innovation.
Patent Laws
Regulations and statutes governing the granting of patents for inventions, along with their enforcement and the rights of inventors.
- Comprehend the period and criteria for patent validity.
Verified Answer
CE
Carlos Espinal
Jun 09, 2024
Final Answer :
C
Explanation :
Since the mid-1990s,Congress has amended the patent laws to increase the patentee's exclusive rights from 17 to 20 years.
Learning Objectives
- Comprehend the period and criteria for patent validity.