monopoly; exclusive right
Legal and business term for the sole right to use, sell, or control something. Often used in contexts like patents, copyrights, or market control.
This patent grants our company an exclusive right.
It is difficult to establish a monopoly in the market.
特許 is a patent, a specific type of exclusive right granted for an invention. 専有権 is the broader concept of an exclusive right, which can arise from patents, copyrights, or contracts.
Compound of 専有 (せんゆう, 'exclusive possession') + 権 (けん, 'right'). The term is a modern legal coinage.