Question

EasyOpen Inc. gained a patent for an electronic corkscrew. Soon the company made a huge profit on this device. Recently, however, other firms have produced electronic corkscrews. As a result, EasyOpen lost its competitive advantage. Which of the following would most likely be the reason for this development?1. EasyOpen failed to renew the patent after 10 years.2. EasyOpen's patent expired after 20 years.3. EasyOpen failed to copyright the corkscrew.4. EasyOpen's copyright expired after 30 years.

Answer 1

Answer:

2. EasyOpen's patent expired after 20 years

Explanation:

Patent rights last for about a limited period of time, as well as the right to file a lawsuit on other sides for infringement of the patent is centered on that time.

Inventors and other patent proprietors may therefore choose to measure and evaluate their patent's expiry date.

It will mostly rely heavily on the date of filing of your patent application, and also the sort of patent they obtained.

Patents are defined as utility patents, patents on designs or patents on plants.

Patent protection for utility patents, which are the most common type of patent, and which EasyOpen Inc is part of, lasts 20 years after the patent application's filing date.