What is one benefit of holding a patent for an invention?

Holding a patent for an invention provides the benefit of exclusivity in manufacturing and selling that invention. This means that the patent holder has legal rights that prevent others from making, using, selling, or distributing the patented invention without permission. This exclusivity can lead to a competitive advantage in the marketplace, as it can create a unique selling proposition that distinguishes the patent holder's product from others. By controlling the market for that particular invention, the patent holder can set prices, develop marketing strategies, and maximize profits.

This exclusivity helps not only in protecting the inventor's intellectual property but also in potentially recouping research and development costs by allowing the inventor to dominate the market for their creation for a certain period. The patent system is designed to encourage innovation by ensuring that inventors can benefit commercially from their inventions without the fear of immediate competition.