A patent is an intellectual property right granted to an inventor – “to exclude others from making, using, offering for sale, selling or importing the invention” for a limited time in exchange for public disclosure of the invention when the patent is granted.
It is not necessary to obtain a patent to sell a product or service embodying your invention. Many products and services are sold that are not patented. However, if a product which is infringing a patent then the owner of the patent has the right to stop you. Therefore, the Product assessment report help to find out the patents that are identical to the product. The product assessment report also helps the user to know the competitor, technology advancement, freedom to operate (FTO), etc.