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Simple English definitions for legal terms
Internet patent
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A quick definition of Internet patent:
An internet patent is a type of patent that gives someone the right to stop others from making, using, or selling an invention for a certain amount of time (usually 20 years). This type of patent is given to people who invent something new and useful for the internet, like a new software program or a way of doing business online. It's like a special permission slip that says only the inventor can use their invention for a while.A more thorough explanation:
An Internet patent is a type of utility patent that is granted for an invention that combines business methods and software programs for Internet applications. A utility patent is a patent granted for a process, machine, manufacture, or composition of matter. The Internet patent is a specific type of utility patent that is granted for an invention that is related to the Internet.
For example, a company may invent a new way to conduct online transactions that is faster and more secure than existing methods. If the company applies for and is granted an Internet patent, they will have the exclusive right to use, sell, and license their invention for a period of 20 years from the date of filing.
Another example of an Internet patent is a patent granted for a new social media platform that uses unique algorithms to connect users with similar interests. The company that invents this platform can apply for and be granted an Internet patent, giving them the exclusive right to use, sell, and license their invention for 20 years.
Internet Corporation for Assigned Names and Numbers | Internet payment