Patentor

A patentor is the individual or legal entity that applies for and is granted a patent for an invention. This person or entity legally owns the rights to exclude others from making, using, or selling the invention for a limited period. The patentor must demonstrate the invention's novelty, non-obviousness, and utility to obtain a patent. They are responsible for the costs associated with the patent application and maintenance, and they may license or assign their patent rights to others. The patentor's name appears on the patent document, establishing their ownership and entitlement to legal protection.

Patentor meaning with examples

• The small biotechnology company acted as the patentor for a groundbreaking new drug, seeking to protect its investment and secure market exclusivity. They invested heavily in the application process to protect their innovation from competitors. They also sought the help of legal firms to ensure the patents are secured in numerous areas.
• The inventor, serving as the patentor, carefully documented all aspects of his new engine design, ensuring he could provide robust evidence of the invention’s originality during the patent application process. He understood that his rights rested on proving novelty, in terms of both uniqueness and practical benefits.
• After years of research, the university professor became the patentor of a novel solar energy technology, paving the way for commercialization and potential financial returns through licensing agreements and patent sales. This was considered a great accomplishment and led to a lot of positive outcomes.
• The corporate entity acted as the patentor for a series of innovative manufacturing processes, which was a key element of their competitive strategy, driving efficiency gains and market advantage. They understood the importance of intellectual property.
• Facing financial constraints, the struggling entrepreneur decided to list a patent for sale. He acted as the patentor and hoped to sell his design, and used the sale as a means to generate capital for further development and new ventures.