patent right

American  

noun

1. the exclusive right granted by a patent, as on an invention.

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patent right British  

noun

1. the exclusive right granted by a patent

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Etymology

Origin of patent right

First recorded in 1795–1805

Example Sentences

It isn’t uncommon for people or entities to buy up patent rights and use them to request settlements.

From The Wall Street Journal

The people in the room — often the corporations and the business lobbies — have benefited, whether from increasing patent rights or from investor-state disputes settlements, shadow courts, things like that.

From Salon

None of this could have happened without a little-known 1980 law called the Bayh-Dole Act, which allows academic institutions that receive public funds to retain patent rights to their own inventions.

From Salon

Shanahan had not yet turned 30 when she founded a company, ClearAccessIP, that uses software to help companies manage and distribute patents and patent rights.

From Los Angeles Times

He watched her create a company, ClearAccessIP, that uses software to help companies manage and distribute patents and patent rights.

From Los Angeles Times