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In this Crash Course on patent law, Stan Muller explains that a patent is a government-granted monopoly allowing inventors to control the use and development of their inventions for a limited period. By granting these exclusive rights, governments encourage inventors to publicize their inventions in detail, which fosters innovation. Essentially, if someone invents something useful and non-obvious, they must explain it clearly to gain sole ownership for a few decades, providing them the opportunity to profit from their creation.
