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The Patents market is a sector of the economy that deals with the buying, selling, and licensing of patents. Patents are exclusive rights granted by governments to inventors for a limited period of time, allowing them to benefit from their inventions. Patents are typically used to protect inventions from being copied or used without permission. Patents are typically bought and sold by companies, universities, and research institutions. Companies may purchase patents to protect their own inventions, or to gain access to the inventions of others. Universities and research institutions may purchase patents to protect their research and to generate revenue. Patents can also be licensed to other companies, allowing them to use the patented invention in their own products. Licensing agreements typically involve the payment of royalties to the patent holder. Some of the major companies in the Patents market include IBM, Microsoft, Apple, Google, and Qualcomm. These companies are involved in the buying, selling, and licensing of patents, as well as the development of new inventions. Show Less Read more