DEFINITION: A form of protection that provides a person or legal entity with exclusive rights for making, using or selling a concept or invention and excludes others from doing the same for the duration of the patent.
A patent is a grant of protection for an invention. It's granted by the U.S. Patent and Trademark Office (PTO) and has a term of 14 to 20 years. Owning a patent gives you the right to stop someone else from making, using or selling your invention without your permission.
Information from the United States Patent and Trademark Office website regarding patents, such as types of patents, patent process, patent classification, statistics, patent laws and regulations etc.