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Why Are Patents Protected for a Limited Period of Time

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Why are patents protected for a limited period of time? Does this argue in favor of not patenting an item?


Definitions:

Groups

Collections of individuals who interact with each other, share similar characteristics, and collectively have a sense of unity or identity.

W. E. B. DuBois

An American sociologist, historian, and civil rights activist, DuBois was a leading figure in early efforts to study African American history and co-founder of the NAACP.

Ph.D.

Stands for Doctor of Philosophy, a doctoral degree awarded by universities, representing the highest level of academic achievement in a particular field of study.

Harvard

An elite private university located in Cambridge, Massachusetts, known for its prestigious academic programs and historical significance.

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