Working requirements mandate use and development of the patented product or the rights are lost.

Question

Quizplus · Accepted Answer

This statement is true. Generally, patents grant exclusive rights to an inventor or owner to make, use, and sell their invention for a limited period of time. However, if these rights are not utilized and developed (e.g., by manufacturing and selling a product based on the patented invention), the patent may be subject to lapse or revocation. This requirement is intended to promote innovation and ensure that patents are not used as a barrier to competition without any actual implementation or advancement of technology.

Working Requirements Mandate Use and Development of the Patented Product