Patented

Definition

When something is patented, it means that someone has been granted exclusive rights to an invention or process for a certain period of time.

Related terms

Innovation: The creation or improvement of new ideas, products, or processes.

Intellectual Property: Creations of the mind that are protected by laws, such as patents, copyrights, and trademarks.

Monopoly: When a single company or individual has complete control over a market or industry.