factory pattern guidance

All,

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I'm a long time vb'er looking to learn more about applying patterns to my code. I'm starting small and could use a little advice/guidance. I've written a series of classes which implement the factory pattern (I think). While doing some research on the pattern I discovered a couple of different ways to implement it. I was hoping someone could validate my object model or suggest ways to improve upon it. My biggest question is, have I implemented the factory patterm correctly?

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Here's my model.

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Class MyFactory

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Public Shared Function CreateInstance(ByVal classType as MyType) as MyBaseClass

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Dim myClass As MyBaseClass

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