The Invention Of A Patent

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For thousands of years people have been inventing and making advancements in every aspect of our lives. It is also crucial to these innovators that they be rewarded and recognized for their ideas, and that they cannot be copied by a third party. To ensure this, the patent was introduced into the world and now protects millions of inventions and processes from fraud. The importance of a patent to an engineer’s lifestyle is enormous, as many would not be able to make a living if it were not for the documentations and systems that are in place today. However, patents did not always exist, and innovators were not always protected. This essay will touch on what a patent is, explain the great importance of a patent, as well as show the effects of not receiving a patent for one’s ideas.
In order to protect one’s intellectual property, a patent is often needed so that the innovation can be properly documented and the owner can be proven. A patent’s physical form is that of a drawing or diagram of a certain process, invention, or improvement accompanied by a description that allows for better understanding of the concepts and ideas that are to be protected. When in innovator receives a patent for their work, the documentation ensures that the intellectual property is owned by the person that created it, and gives the intangible asset a physical representation. Once a patent is issued, the owner of the patent, or patent holder, has full legal rights over his ideas and inventions depicted within the patent. This allows the patent holder to ensure he is the only one profiting from his ideas, to give specific groups or companies permission to use said ideas, or to transfer the ownership of the patent to another party for their use.
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...invention, he would have been able to control the production of his weapon, and would have been able to prevent the amount of regret that he had over his weapon being used for criminal acts. This shows the importance that a patent has on not only financial matters, but the moral and ethical issues that are possible when one’s invention is out of their control.
In conclusion, the importance of a patent in the creation of the world today is incredible. Since the first patent in 1449, the patenting system has protected millions engineers and ensured that they have full ownership of their work. Had it not been for the simple documentation that allows engineers and inventors to market their ideas as assets, as well as to protect against, fraud, many creators would not have had the opportunities to make the incredible advancements that we not benefit so greatly from today.

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