Which statement concerning patents is NOT correct?
A) The standard patent protection period in the United States is 20 years from the date the application is filed.
B) A patent grants its owner exclusive selling rights for an indefinite period.
C) Many countries have simplified patent protection via patent cooperation treaties.
D) Separate patent applications are needed for protection in foreign countries.

Question

Quizplus · Accepted Answer

A patent does not grant its owner exclusive selling rights for an indefinite period. Instead, it typically provides protection for a limited time, usually 20 years from the filing date of the application in the case of the United States.

Which Statement Concerning Patents Is NOT Correct