1 NEW INVENTIONS SUCCESS PATENT DEFINITION DR. MARK RAJAI MSE 303 California State University Northridge New Inventions Success 2 Patent Definition A patent is defined as a form of "intellectual property" which rewards persons whom invent a new and nonobvious: Process Or Method California State University Northridge Machine Composition Of Matter Article Of Manufacture New Inventions Success 3 The invention must be novel The invention must not be obvious Patent Requirements The invention must be described simply and completely California State University Northridge The patent claims must be clear and specific New Inventions Success 4 Legal Monopoly That legal monopoly is the right for the inventor(s) to exclude other persons and businesses from: Making Using Offering For Sale Or Selling Importing The Invention In The United States California State University Northridge New Inventions Success 5 Types Of Patents Design patents : protects the "aesthetics" or the "appearance" of the invention Utility patents : protect the "function" of the invention California State University Northridge New Inventions Success 6 Summary If your product can meet the patent definition then you can have an easier time raising money, secure your position in the company, and make better profits from your product, because you have no competition. California State University Northridge New Inventions Success 7 Reference http://www.new-inventions-success.com/Patent- Definition.html California State University Northridge