They provide a useful indicator for monitoring market trends, as well as being a source of information about innovative developments in all areas of technology, and as such are an effective means of avoiding parallel developments and duplicated research. The exclusive right to exploit an invention commercially makes it easier for companies to finance research and development. As exclusive rights, patents strengthen a company's market position. Patent inventions encourage research into alternative solutions. The licensing of patents promotes the dissemination of new technologies.
Patents indicate the level of innovative activity in a particular market.
They generate new investment and are a motivating force behind technical progress. The information is no legal advice and is provided without responsibility for any eventualities arising from use of this information.