Definition of Patent Applications By Residents

Patent applications are worldwide patent applications filed through the Patent Cooperation Treaty procedure or with a national patent office for exclusive rights for an invention--a product or process that provides a new way of doing something or offers a new technical solution to a problem. A patent provides protection for the invention to the owner of the patent for a limited period, generally 20 years.

Related Indicators

• Building Permits
• Innovations Index
• Pharmacists
• Property Rights Index (0-100)
• Remittances