What is a patent and what is patentable

A patent may be described as a monopoly granted by a government to an inventor, such that only the inventor may exploit the invention/innovation for a fixed period of time (up to 20 years). In return, the inventor makes available a detailed technical description of the invention/innovation so that, when the monopoly period has expired, it may be exploited by others without the inventor's permission.

A patent, therefore, encourages innovation by promoting research and development. It can also be regarded as a physical asset, which can be sold or licensed to third parties for cash. Patents also represent a unique source of technical information regarding the patented product.

The philosophy underlining patent law is fairly similar throughout the world. Thus, although there is no worldwide patenting office, patent practice in different world regions is often quite similar. This is fortuitous, as there is a growing tendency towards world harmonization of patent law, fuelled by multinational trade agreements.

In order to be considered patentable, an invention/innovation must satisfy several criteria, the most important four of which are:

• non-obviousness

• sufficiency of disclosure

Diabetes 2

Diabetes 2

Diabetes is a disease that affects the way your body uses food. Normally, your body converts sugars, starches and other foods into a form of sugar called glucose. Your body uses glucose for fuel. The cells receive the glucose through the bloodstream. They then use insulin a hormone made by the pancreas to absorb the glucose, convert it into energy, and either use it or store it for later use. Learn more...

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