Intellectual Property refers to creations of mind, resulting in Inventions, literary and artistic works and symbols, names images, and designs that can be exploited commercially. Patent is the grant of exclusive rights by the state to a person for his invention for a specified term in return for public disclosure of his invention. Patent rights are granted by National Patent Offices, and so patent protection for an invention must be sought in each country individually.

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by AKSHAT RAO PATIL

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