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What is the correct function of patents and copyright?

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Patent and Copyright function to help market efficiency. They must protect both the corporate and industrial sector of the business economy. They help in the promotion of economic growth protects ingenuity and builds your way to success. read more

The"correct function" of patents and copyright is to encourage the creation of inventions and creative works, while eventually making them available to the common public. This is distinct from the process which historically has been to give a time-limited monopoly on the intellectual property. read more

A patent is a limited duration property right relating to an invention, granted by the United States Patent and Trademark Office in exchange for public disclosure of the invention. Patentable materials include machines, manufactured articles, industrial processes, and chemical compositions. read more

Patents affect society in a number of a ways, but at their core, they serve a very basic function: They help encourage the advancement of science and technology. Patents do this in two major ways: They give inventors an opportunity to profit from their creations. read more

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