When you register a patent for your invention, you hold the exclusive right to use the patent. This means that no other person can take advantage of that patent, unless your permission is sought.
When your patent portfolio is properly managed, it can present many economic opportunities – whether as a means to develop new and cutting-edge technologies, raise investment, or extract value from third parties through sale or licensing.
Once your patent is granted, it will be protected for 20 years from the Date of Filing. Thereafter, the patent is to be maintained yearly, starting from the 5th year.