law
In the modern world of technology and innovation, patent exclusivity plays a pivotal role in safeguarding inventors’ rights and promoting continuous progress in industries ranging from pharmaceuticals and biotechnology to software and engineering. At its core, patent exclusivity refers to the legal right granted to an inventor or assignee to prevent others from making, using, selling, or importing their invention for a specified period. This exclusive period allows inventors to recoup research and development investments while encouraging the public disclosure of novel ideas.