patent

Topic: BUSINESS BASICS

patent
1 noun

pa‧tent1

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[uncountable and countable]BBSCL a special document that gives you the right to make or sell a new invention or product that no one else is allowed to copy

patent on/for

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He applied for a patent for a new method of removing paint.

He wants to take out a patent on his new type of dustbin.

The drugs are protected by patent.

Definition of patent from the Longman Dictionary of Contemporary English within
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admin administration administrative administrator agency agent balance sheet bid(n) bid(v) boss bottom line branch capacity capital card contract(n) contract(v) cost-effective coupon developer distributor economics enterprise establishment fashion fold franchise generic get loss maximize MD merchandise merchandising miller mission statement net(a) net(v) operation operational operator option outlet output package partner partnership patent percentage premium purchase price quiet recall rep revenue sell syndicate take tender TM transaction unit

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