Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why are patents necessary?

April 26, 2017necessary patents

0

Posted

Why are patents necessary?

2 Answers

0

Posted

Patents provide incentives to individuals by offering them recognition for their creativity and material reward for their marketable inventions. These incentives encourage innovation, which assures that the quality of human life is continuously enhanced.

0

Posted

Patents are important because it offers the following incentives and benefits to the inventors: • Recognition for their creativity • Financial reward, if the invention is commercially viable The patents encourage further and continuous innovations that help to improve the quality of our lives.