Definitions
- Referring to a legal document that grants exclusive rights to an inventor for their invention. - Describing the process of obtaining a patent for an invention. - Talking about the protection and ownership of intellectual property.
- Referring to a legal document that establishes a corporation, organization, or institution. - Describing the process of creating a charter for a new organization. - Talking about the rights and privileges granted by a charter.
List of Similarities
- 1Both involve legal documents.
- 2Both grant exclusive rights or privileges.
- 3Both require a formal process to obtain.
- 4Both are used to establish ownership or authority.
- 5Both are associated with intellectual property.
What is the difference?
- 1Purpose: Patent is used to protect an invention while charter is used to establish an organization or institution.
- 2Scope: Patent is limited to intellectual property while charter can cover a wide range of topics such as governance, membership, and purpose.
- 3Authority: Patent grants exclusive rights to an individual or company while charter establishes the authority of an organization or institution.
- 4Process: Patent requires a detailed application process and examination by a government agency while charter can be created by a group of individuals or a governing body.
- 5Duration: Patent has a limited duration while charter can be perpetual.
Remember this!
Patent and charter are both legal documents that grant exclusive rights or privileges. However, the difference between patent and charter is their purpose and scope. A patent is used to protect an invention and is limited to intellectual property, while a charter is used to establish an organization or institution and can cover a wide range of topics such as governance, membership, and purpose.
