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Why do patents exist?

It can be very expensive to get an idea to production and it can involve telling a lot of people what you're doing. By patenting the idea before it goes into production, the patent holder knows their idea is protected. The patent says they should be the ones to profit from their invention if someone wants to use their idea.

The patent system encourages the sharing of ideas, but protects the work of inventors and research companies. Sharing knowledge stimulates more ideas and increases innovation. The patent process also makes sure that ideas are not lost as all patents are kept.

Do you want to find out how to apply for a patent?