A patent is an exclusive right granted by a government
to an inventor to create, use or sell an invention for a certain number of
years. It helps to protect one's innovation and creativity. It is not only
for scientist and researchers but also for the innovative persons, who are
trained by their own experience. A patent is granted when the invention is
found to be new, novel, contain an inventive step, and capable of industrial
application. By this, the invention must not have been disclosed before the date
of the patent application.
Patenting your creation also allows you to prevent others
from making, using or selling your invention anywhere without your consent. A
patent also increases the worth of the business. There are several ways to financially
benefit from a patent.
Benefits of Patent
Increase price and profit
Access to technology
Business skills
Marketing tool
Encourage innovation
A patent is a type of intellectual property. The
patent rights are granted in exchange for an enabling public disclosure of
the invention. In most countries, patent rights fall under civil law.
In some industries, patents are necessary for competitive benefits.
A patent gives you the right to stop others from copying or importing
your invention without your permission. You get protection for a fixed period,
allowing you to keep challengers at bay. You can use your invention yourself.
If you're considering securing trade patent mark protection,
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