A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention. In most countries, patent rights fall under private law and the patent holder must sue someone infringing the patent in order to enforce their rights. In some industries patents are an essential form of competitive advantage .
Patent – Wikipedia (21/01/23)
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INTELLECTUAL PROPERTY IN TRANSITION 3 of 18 INTELLECTUAL PROPERTY IN TRANSITION Executive Purpose; This write up synthesizes global and Africa-specific Intellectual Property (IP) trends defining the 2025 innovation economy, with emphasis on legal reform, institutional capacity, economic development, and cross-border trade—particularly in emerging markets such as Nigeria and Africa. 1. Sustained Global Growth in IP …
