A patent is a legal right granted by a government to an inventor or assignee, giving them the exclusive right to make, use, sell, or distribute an invention for a certain period of time-usually 20 years from the filing date.
Key points about Patent:
• It protects new inventions or processes that are novel, non-obvious, and useful. • It prevents others from using or copying the invention without permission. • In exchange, the inventor must publicly disclose how the invention works.
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You can patent inventions that are: • New (not known or used before) • Useful (has a purpose) • Non-obvious (not an obvious improvement) Examples: Machines, processes, software, chemical compositions, etc.
You can't patent: • Abstract ideas or theories • Natural phenomena • Laws of nature • Artistic works (these fall under copyright)
• Utility patents (most common): 20 years from the filing date • Design patents: 15 years • Plant patents: 20 years
• In the U.S., it's the USPTO (United States Patent and Trademark Office) • Internationally, you can file via the PCT (Patent Cooperation Treaty) for protection in multiple countries
Not required, but highly recommended. Patent law is technical and strict. Mistakes can cost you protection.
• Patent: Protects inventions • Copyright: Protects artistic/literary works • Trademark: Protects brand names/logos
Yes! You can:
• Sell the patent (transfer ownership)
• License it to others for a fee or royalties
You can sue for patent infringement and may receive damages or an injunction to stop them.
Main benefits of having a patent:
You get the legal exclusive right to use, make, sell, or license your invention-no one else can without your permission.
A patent can block competitors and give you an edge in the market, helping you build a strong brand and increase market share.
You can license your patent to others or sell it outright, generating royalties or lump-sum income.
Patents are considered intellectual property assets and can increase the valuation of your business, especially when attracting investors or buyers.
You can sue infringers and legally stop them from using your invention, which helps protect your investment in R&D.
Knowing your ideas can be protected gives you confidence to invest time and money in new product development.
It becomes an intellectual property asset. You can license it, sell it, or use it to attract investors.
Through international patent treaties, you can protect your invention in multiple countries, expanding your global presence.
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