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| | Intellectual property |
 | | Patents give the holder an exclusive right to use and license use of an invention for a certain period, typically 20 years from the filing date of a patent application. |
 | | These rights, conferred by law, can be given, sold, rented (called " licensing ") and, in some countries, even mortgage d, in much the same way as physical property. |
 | | However, the rights typically have limitations, sometimes including term limits and other exceptions (such as fair use for copyrighted works.) It is important to understand that it is the rights that are the property, and not the intellectual work they apply to. |
| www.nebulasearch.com /encyclopedia/article/Intellectual_property.html (4055 words) |
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