Before we begin, kindly note that this article is focused solely on those readers who do not have any idea about patents. So, what are patents? Why are people talking about them so much? Let’s try to understand some basics of what patents are and why they are important. What is a patent?                A patent is an exclusive right granted for an invention. The invention may be a product or a process that provides a new way of doing something. What are the exclusive rights?                 A patent owner can restrict others from using their invention. He has exclusive rights to use, sell, offer for sale, and import that invention. He can also license his rights to a third party for monetary benefits. Can I patent any “new” invention?                 There are certain conditions for granting patent rights for an invention. The conditions…