It’s your idea, your ingenuity, your invention.
You’ve probably made sketches, considerations, perhaps mocked up a prototype.
You’ve probably done a bit of research to see if there is anything similar in the world marketplace.
And, you’re fairly sure that your idea is pretty good and it meets the criteria for patenting something.
So, should you try to patent your idea or not?
Having a granted patent means that:
More…
- 1. You (the Patent Owner) can benefit from any financial gains from the commercialization of your patented invention.
- 2. You (the Patent Owner) can protect your invention in the marketplace. You can threaten or take legal action against unauthorized use of your invention.
- 3. Having a patented invention means that any potential business partner will consider your invention more seriously. It demonstrates your commitment to the value and marketability of your product. You will also be in a much stronger bargaining position with any potential business partners.
- 4. Having your patent on the Patent Register acts as a valuable deterrent to any would be infringers/unauthorized users. Your patent is a valuable notice of your claimed rights to the invention.
- 5. A patent will protect your investment of the time and effort that you have put into the research and development of your idea.
A registered patent can offer you a lot of security from people trying to copy your idea and putting it in the marketplace.
Disclaimer
This information is a general guide to further your knowledge about patenting and does not constitute legal advice.
