The Patent Appeals Court is a specialized judicial body responsible for adjudicating appeals of decisions made by patent offices, primarily related to patent grants, denials, and disputes.
A patent monopoly is a government-granted exclusive right to inventors and producers of innovative goods. It serves to encourage research and innovation by ensuring the producer will benefit financially from their successful new products.
A Patent of Invention is a grant of rights provided by a government to an inventor, giving them the exclusive right to exclude others from making, using, selling, and importing the invention for a specified period, typically 20 years from the filing date of the patent application. This right creates a legal monopoly, enabling the patent holder to control the usage of the invention and potentially monetize it through licenses or sales.
The term 'Patent Pending' indicates that a patent application has been filed with the U.S. Patent Office and is currently under review. This status signifies that a patent search is being conducted to determine if the invention is new and patentable according to the law.
The U.S. Patent Office, responsible for providing legal protection to registered inventions, is a critical component of the U.S. innovation infrastructure.
