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Invisible Gold in Asia by David Llewelyn

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THE PATENT

WHAT IT IS: A patent is a right granted by the State, in response to an application by the inventor, covering a novel product or process. The invention is novel if it has not been revealed or published before anywhere in the world—although this raises the interesting problem for the US Patent and Trademark Office, for example, as to how it can search the 25 per cent of the world’s technology not even translated into a language its examiners can understand. In China, a patent law change in October 2009 introduced this worldwide novelty standard to replace the far less onerous China-wide standard that previously had led to the grant in that country of many patents with little, if any, inventive merit. One expert was quoted as saying ...

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