This material may consist of step-by-step explanations on how to solve a problem or examples of proper writing, including the use of citations, references, bibliographies, and formatting. This material is made available for the sole purpose of studying and learning - misuse is strictly forbidden.Patent, Trademark, Internet and Copyright laws are tools that individuals and businesses can use to protect their creative or business assets. Many businesses and individuals take full advantage of this legal monopoly, and use it to either protect their business assets or to generate income from this legal monopoly. This area of the law is so important for businesses that both China and India updated their Intellectual Property laws so that American and other Western companies could partner with them with their products for manufacturing and worldwide sales.
A US patent is granted to one or more individuals who can show that they can meet the legal criteria, which is that any person who “invents or discovers any new and useful process, machine, article of manufacture, or composition of matter, or any new and useful improvement thereof” is entitled to a US Patent. There are several types of patents. Majority of the issued patents are utility patents, such as, apparatus patents, product patents, business method patents, process patents, to name a few. Other, lesser known patents are design patents, and plant patents....