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PATENT IN NIGERIA

A patent is an intellectual property that grants exclusive rights with regard to an invention.

All over the world, it is common knowledge that security is at the heart of human desires. A major benefit of intellectual property rights is the guarantee of economic security for human creativity. I would say, ‘Creativity is the soul of innovation, and innovation is the soul of entrepreneurship.’

Patent, like other IPs, protects the patented product or process from possible unauthorised reproduction, use, sale etc. Thus, granting exclusive rights to deal with the invention for a fixed period of time to the patentee.

In Nigeria, the statute regulating Patents is cited as the Patent and Design Act.

See our post on Patent in Nigeria to know more.