A Guide on Patent Registration in the GCC
"The Patent Office is the Mother-In-Law of
Invention."
Introduction
Senior MIT lecturer Joe Hadzima defines a patent as follows,
"A patent is an exclusive right issued by a country to an
inventor, allowing him to exclude others from manufacturing, using
or selling his/her invention in that country during the life of the
patent."
The exclusive right provided for by the patent allows the holder
to recoup development costs and to obtain a return of investment in
the development of the patented technology. Patent protection is
capable of reducing company costs and increasing company value and
as such can play an essential aspect in the increase of any company
or business. Not only are patents valuable in that they provide
freedom of movement for companies who are competing within a
crowded field, but that can also generate revenue with the
licensing of such patents to companies insides and outside of the
patent holders
