Question

Which of the following is NOT true for a patent?

• A. \( \text{Monopoly} \)
• B. \( \text{Exclusivity} \)
• C. \( \text{Disclosure} \)
• D. \( \text{Indefinite term} \)

Hint:

Patents encourage innovation by granting temporary exclusivity while ensuring knowledge dissemination after expiration.

Answer 1

The Correct Option is D

Patents provide exclusivity and a temporary monopoly over an invention, ensuring that the patent holder benefits from its commercialization. However, patents do not last indefinitely; they typically expire after 20 years from the filing date. Disclosure is required so that knowledge is publicly available after the patent expires.