/ˈpeɪtnt raɪt/ – Phrase
Definition: xch right of patent.
A more thorough explanation: A patent right is a legal right granted by a government to an inventor, giving them the exclusive right to make, use, and sell their invention for a specified period of time. This exclusive right is granted in exchange for the inventor disclosing the details of their invention to the public.
Example: The company successfully defended its patent right against infringement by a competitor.