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What is a patent?
A patent is granted by the government to protect an invention. The patent grants the inventor the exclusive right to develop, utilize and sell the idea. Society is benefited when new technology is brought to market. These benefits could be realized immediately when people can perform feats previously thought impossible, or indirectly through the economic opportunities that innovation offers (business expansion, job creation).
A lot of pharmaceutical companies and university researchers seek patent protection for their research and development. A patent can cover an abstract or physical product or process, or even an approach or material composition new to the field. Patent protection has to be granted to an invention that is useful or novel and is not already known by others in the same field.
Patents give inventors a chance to be recognized for commercially viable inventions. They act as an incentive for inventors to create. Small businesses and inventors can be sure that they will earn a return on the investment they make in technology development via patents. They can earn a living by their work.
Businesses with the ability to:
Secure new products and services that are innovative;
Enhance the visibility and worth of your products ‘ presence on the market
Stand out and differentiate yourself and your product from others.
Get business and technical details.
Beware of the possibility of accidentally using proprietary third-party content, or losing important data, original outputs, or another creative output.
Patents can transform an inventor’s information into a tradeable asset which opens new opportunities for employment creation and business expansion by licensing or joint ventures.
Small companies that have patent protection are more appealing to investors who are involved in the development and commercialization of technology.
Patents can result in innovative ideas and inventions. The information you create may be eligible for patent protection.
Patents can be used to prevent untrustworthy third-party companies from earning from the invention’s efforts.
Patent-protected technology revenues that are commercially profitable can be used to finance technological research and development (R&D) which will improve the chances for better technology in the future.
Intellectual property ownership can be used to convince investors and lenders that there are real opportunities to commercialize your product. Sometimes, one powerful patent could lead to a variety of financing possibilities. Patents as well as other IP assets are able to be used as collateral or security for debt financing. Investors may also look at your patent assets to boost their valuation of your company. Forbes and other publications have reported that every patent could add anything from $500,000 to one million dollars to your company’s valuation.
A well-constructed business plan is crucial for start-ups. It should be based on IP and demonstrate what your service or product stands out. Investors will also be impressed if you show that your IP rights are secured or are is in the process of becoming secure and that they are in line with your business plan.
It is crucial to keep your invention confidential until you apply for patent protection. Making an invention public prior to filing is often detrimental to its novelty and render it unpatentable. Disclosures that are filed prior to filing, like for investors, test-marketing or other business partners, must be done after signing a confidentiality contract.
There are many kinds of patents. Understanding the different types of patents is vital to protect your invention. Patents for utility are used to protect new processes and machine creations. Design patents cover ornamental designs. Utility patents are best and protect the owner against copycats and other competitors. Most often the utility patent is issued for improvements or modifications to existing inventions. Utility patents can also be used to cover improvements and modifications in existing inventions. A process patent would be a way to describe the actions or methods of performing a specific act. But, a chemical composition would include an amalgamation of components.
How long does a patent last? Utility patents are valid for 20 years after the earliest date of filing, however their expiration dates may be extended due to patent office delays, for example.
Do you want to patent your ideas? Patents are only granted to applicants who are the first to file, so you must file quickly. Call PatentPC now to have your patent application submitted!
A patent search is an essential step when you are drafting the patent application. This will allow you to look at other ideas and give you an understanding of them. This can help you restrict the extent of your invention. You can also find out about the state of the art within your area of invention. You’ll have a better idea of what your invention ought to be and be better prepared to write your patent application.
How to Search for Patents
The first step in obtaining your patent is to do the patent search. You can do a google patent search or do a USPTO search. Once the patent application is filed, the product covered by the application can be referred to as patent-pending and you can find the patent application online on the public pair. When the patent office is satisfied with your application, you will be able to conduct search for a patent number and locate the patent issued. Your product will now be patentable. In addition to the USPTO search engine, you may also use other search engines, such as espacenet as described below. Patent lawyers or a patent attorney can assist you with the procedure. In the US, patents are issued by the US trademark and patent office, also known as the United States patent and trademark office, which is also responsible for examining trademark applications.
Are you looking for similar patents? Here are the steps:
1. Brainstorm terms that describe your invention based upon its purpose, composition, and application.
Begin by writing down a succinct, precise description of your idea. Do not use generic terms like “device”, “process,” or “system”. Look for synonyms to the terms you chose initially. Then, note crucial technical terms and keywords.
Use the questions below to help you identify keywords or concepts.
- What’s the goal of the invention? Is it a utilitarian device or an ornamental design?
- Does the invention consist of a method of making something or performing a function? Is it a product or process?
- What is the basis of the invention? What is the physical makeup of the invention?
- What is the goal of the invention?
- What are technical words and terms that define the essence of an invention? To find the right terms, refer to an online dictionary of technical terms.
2. These terms allow you to look up relevant Cooperative Patent Classifications at Classification Search Tool. To determine the best classification to your invention, scan the classification’s class Schemes (class schedules). If you don’t see any results from the Classification Text Search, you may consider substituting the words to describe your invention with synonyms.
3. Review 3. Go over the CPC Classification Definition to verify the accuracy of the CPC classification you’ve discovered. If the chosen classification includes a blue square with an “D” at its left, the hyperlink will take you to a CPC classification description. CPC classification definitions can help you determine the applicable classification’s specifics so that you can pick the one that is the most relevant. These definitions may also include search tips or other suggestions which could prove useful in further investigation.
4. The Patents Full-Text Database and the Image Database allow you to retrieve patent documents that include the CPC classification. By focusing on abstracts and representative drawings it will narrow your search to find the most relevant patent publications.
5. Use this selection of the most pertinent patent documents to examine each in depth to find similarities to your invention. Take note of the claims and specifications. It is possible to find additional patents through contacting the patent examiner as well as the applicant.
6. Retrieve published patent applications with the CPC classification you chose in Step 3 of the Applications Full-Text and Image Database. It is possible to use the same method of search as Step 4, narrowing your search results to the most relevant patent applications by examining the abstract and representative drawings on each page. The next step is to review every patent application that has been published with care and pay particular attention to the claims as well as other drawings.
7. You can search for additional US patent publications by keyword searching in AppFT or PatFT databases, and also the classification search of patents that are that are not issued by the United States according to below. You can also make use of search engines on the internet to search for non-patent-related documents that describe inventions in the literature. Here are a few examples:
- Add keywords to your search. Keyword searches may turn up documents that are not well-categorized or have missed classifications during Step 2. For example, US patent examiners often supplement their classification searches with keyword searches. Think about the use of technical engineering terminology rather than everyday words.
- Search for foreign patents using the CPC classification. Then, re-run the search using international patent office search engines such as Espacenet, the European Patent Office’s worldwide patent publication database of over 130 million patent publications. Other national databases include:
- European Patent Office (EPO) provides esp@cenet to access a network of Europe’s patent databases with access to machine translation of European patents.
- Japan Patent Office (JPO) – with access to machine translations of Japanese patents.
- World Intellectual Property Organization (WIPO) offers PATENTSCOPE with a full-text search of published international patent applications and machine translations for some documents, as well as a list of international patent databases.
- Korean Intellectual Property Rights Information Service (KIPRIS)
- State Intellectual Property Office (SIPO) with machine translation of Chinese patents.
- Other International Intellectual Property Offices with online patent databases include Australia, Canada, Denmark, Finland, France, Germany, Great Britain, India, Israel, Netherlands, Norway, Sweden, Switzerland, and Taiwan.
- Search non-patent literature. Inventions can be made public in many non-patent publications. It is recommended that you search journals, books, websites, technical catalogs, conference proceedings, and other print and electronic publications.
To review your search, you can hire a registered patent attorney to assist. A preliminary search will help one better prepare to talk about their invention and other related inventions with a professional patent attorney. In addition, the attorney will not spend too much time or money on patenting basics.