The patent system plays a major part in the transfer of technology, which acts as a stimulus to technical innovation. 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. A European patent affords the same rights in the designated contracting states as a national patent granted in any of theses states. All Rights Reserved.