Correct Option: B

Patent Act and Patents Act (with their variations) are stock short titles used in Canada, India, New Zealand, the United Kingdom and the United States for legislation relating to patents. A Patent Act is a country’s legislation that controls the use of patents, such as the Patentgesetz in Germany. A patent is a form of intellectual property. It consists of a set of exclusive rights granted by a sovereign state to an inventor or their assignee for a limited period of time, in exchange for the public disclosure of the invention. Under the World Trade Organization’s (WTO) Agreement on Trade-Related Aspects of Intellectual Property Rights, patents should be available in WTO member states for any invention, in all fields of technology, and the term of protection available should be a minimum of twenty years. In many countries, certain subject areas are excluded from patents, such as business methods and computer programs