A patent is a form of intellectual property right that protects new inventions. It gives the patent owner an entitlement to prevent others from making, using, importing or selling the invention without permission.
A patent can be a valuable asset. You can buy, sell or license a patent. However, the costs of obtaining it can be considerable. Protection isn't automatic - you have to apply for it and it can take a long time for a patent to be granted.
This guide highlights key considerations around managing your patents, such as renewing your patent and buying and licensing other people's patents. It explains how you can monitor, object to and challenge other people's patent applications, and tackle patent infringement.
Finally, it describes the advantages and disadvantages of licensing your patent and resolving patent disputes.