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Intellectual property is an intangible asset that has financial value and is protected through patent, copyright, trademark, and trade secret laws. Intellectual Property refers to ideas such as inventions; creative works and software; and symbols, names and images used in commerce.
Intellectual Property law deals with laws to protect and enforce rights of the creators and owners of inventions, writing, music, designs and other works, known as the intellectual property. There are several areas of intellectual property including copyright, trademarks, patents, and trade secrets.
101 - Inventions Patentable: Whoever invents or discovers any new and useful process, machine, manufacture, or composition of matter, or any new and useful improvement thereof, may obtain a patent therefor, subject to the conditions and requirements of this title.
There are really two different types of Section 101 rejections: either the examiner is saying that your invention doesnt fall within one of the four statutory categories, or the examiner is saying that your invention falls under one of the patent ineligible exceptions (which is usually either an abstract idea or a
101 requires that whoever invents or discovers an eligible invention may obtain only ONE patent therefor. Thus, it prevents two patents issuing on the same invention to the same inventor (i.e., the same inventive entity) or where there is a common (joint) inventor or common applicant/assignee.
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Inventions and patents An individual or company that holds a patent has the right to prevent others from making, selling, retailing, or importing that technology. This creates opportunities for inventors to sell, trade or license their patented technologies with others who may want to use them.

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