Patents Lawyer
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A patent is a set of exclusive rights granted by a state to a person for a fixed period of time in exchange for the regulated, public disclosure of certain details of a device, method, process or substance (known as an invention) which is new, inventive and useful.
The exclusive right granted a patentee is the right to prevent others from making, using, or selling the claimed invention, not the right to make, use, or sell the invention themselves. The patentee may have to comply with other laws and regulations to make use of the claimed invention. So, for example, a pharmaceutical company may obtain a patent on a new drug but will be unable to market the drug without regulatory approval.
The term "patent" originates from the Latin word patere which means "to lay open" (ie. make available for public inspection) and the term letters patent, which originally denoted royal decrees granting exclusive rights to certain individuals or businesses.
(this article compliments of Wikipedia)
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