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hi my name is jade finick and im head of the gratiendes group and during this video well be speaking about areas of intellectual property more specifically the registration of patents and trademarks a brand is one of the most important assets that an entity can possess and therefore it is very important to protect all rights in relation to it payton to build property must be innovative and susceptible of industrial application so a patent is a form of intellectual property that gives the creator of an invention the exclusive legal right to market sell manufacture and profit from that specific invention the purpose of a patent is to predict an invention from being used by third parties without the proprietarys authorization so payton confers a number of rights to its proprietor first of all the proprietor has a right to prevent third parties from making a product or using a process which is the subject matter of the patent secondly a patent also prohibits safe parties from offering o