A patent is a right granted to an inventor for an invention, which in most cases is a product or a process of a new way of creating something or providing a new solution to a certain technical problem.
Once granted, a patent confers protection upon the owner thereof. The period of protection ranges between 15 to 20 years. The protection period is not renewable except in rare and particular cases.
In order for an invention to be patentable, it must be new, capable of solving an existing technical problem and liable to practical application in industry.