FAQs Patent Questions

Question:What are Credit Patents?

Answer:
Credit patents are similar to Cash; lands could be purchased under the Land Law of 1800 from the General Land Office. This credit system allowed purchasers to pay in installments over a four-year period. A delinquent payment or non-payment of the full balance resulted in forfeiture to the U.S. Because of the economic hardship Congress quickly abandoned the credit system and through the Act of April 24, 1820 required full payment for land to be made at the time of purchase.

Question:What is intellectual property?

Answer:
The term intellectual property refers to creations of the mind - creative works or ideas embodied in a form that can be shared or can enable others to recreate, emulate, or manufacture them. There are four ways to protect intellectual property - patents, trademarks, copyrights or trade secrets.

Question:Utility patents are granted to inventors that discover new and useful processes, machines, articles of manufacture.

Answer:
File a Utility Patent Application - Utility patents may be granted to anyone who invents or discovers any new and useful process, machine, article of manufacture, or compositions of matters, or any new useful improvement thereof.

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