The Patent Cooperation Treaty Has Helped Global Corporations Worldwide
Patent protection is often thought as the sole domain of inventors, however, companies as well share a vested interest in product patents. As a matter of fact, companies are probably the largest holders of patents in the world today. the Patent Cooperation Treaty which received its first patent request in 1978,has benefited the corporations world over. No longer do businesses have to worry about multiple patents, and legal battles all over the world due to product similarities. This treaty has done global retailer a world of good. It also limits the chance that a product that has already been designed by some one else will be duplicated by a company or corporation