Service Innovations Can Be Patented

question 47

True/False

Service innovations can be patented.

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Definitions:

Patents

Legal rights granted to inventors allowing them the exclusive right to manufacture, use, or sell their invention for a certain period.

Trade Secret

Confidential business information that provides an enterprise with a competitive edge, and is protected by secrecy measures rather than formal intellectual property rights.

Intangible Item

An asset or resource that lacks physical substance but holds value, such as intellectual property or goodwill.

Time Limit

A specified period within which an action must be completed or a task must be achieved.