Utility Patent- Issued for the invention of a new and useful process, machine, manufacture or composition of matter. It gives its owner the right to stop others from making, using or selling their invention for up to twenty years after filing a patent application. a patent grants its owner the right to exclude others from making, using or selling an invention for a period of up to twenty years from the date when the patent is issued.

Examples of inventions that are protected by utility patents include computer software, investment strategy, medical equipment and tools; chemical compositions such as pharmaceutical products or fragrances; genetically altered life forms (such as bacteria); improvements to existing physical devices.Simply put, a utility patent is an exclusive right granted for an invention that allows the right holder to prevent others from commercially using his or her protected invention without permission.