Samsung Electro-Mechanics Co., Ltd. (Suwon-si, KR)
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What is a patent?
A patent is granted by the government in order to protect an invention. It gives the inventor the right to create, use and market the idea. Society benefits when new technologies are brought for sale. These benefits may be directly realized when individuals are able to accomplish previously unattainable feats, or indirectly, through the economic opportunities that innovation offers (business growth, jobs).
Patent protection is demanded out by many pharmaceutical companies and university researchers to protect their research and development. Patents may cover an abstract or physical product or process, or a method or composition of material unique to the field. In order to be granted protection under a patent the invention must be novel, useful and not apparent to anyone else in the same subject.
Patents are a way to honor inventors who have commercially profitable inventions. They serve as a motivator for inventors to come up with new ideas. Small businesses and inventors can be assured that they will get a good return on their investment in the development of technology. It means that they can earn money from their work.
Companies that are able to:
Make sure you protect your unique products and services
Increase the value, appearance, and visibility of your product on the market;
Differentiate yourself and your products from the rest.
Get technical and business information.
Avoid accidentally using third-party content or losing valuable information, original outputs, or any other outputs that are creative.
Patents transform the knowledge of inventors into a valuable asset which creates new opportunities for employment creation through licensing and joint ventures.
Small businesses that have patent protection are more attractive to investors involved in the commercialization and development of technology.
Patenting can lead to innovative ideas and inventions. The information you create may be protected by patents.
Patents can be used to stop untrustworthy third parties from profiting through the work of inventions.
Revenues from patent-protected technology that are commercially successful can be used to finance technological research and development (R&D), which will increase the chance of better technology in the future.
You can leverage the intellectual property rights of your company to convince lenders and investors that your product has real commercial value. Sometimes, a single patent can open the door to multiple financing opportunities. Patents as well as other IP assets can be utilized as collateral or security for debt financing. Investors can also see your patent assets to increase the value of your business. Forbes and others have pointed out that every patent can boost company valuation by anywhere from $500,000 to $1 Million.
A well-crafted business plan is vital for new businesses. It must be built on IP and demonstrate the way your product or service is distinctive. Additionally, investors will be impressed when you show that your IP rights are secure or in progress of being secure and that they are in line with your business strategy.
It is essential to keep an invention secret prior to filing a patent application. The public disclosure of an invention before it is filed can frequently degrade its originality and render it unpatentable. The filing of disclosures prior to filing, for example, for investors, test-marketing or other business partners, is best done only after signing a confidentiality contract.
There are a variety of patents. Knowing the different types of patents is vital to protect your invention. Utility patents are for new processes and machine creations. Design patents cover ornamental designs. Utility patents are best to protect the proprietor from copycats and other competitors. In most cases they are granted for improvements or modifications to existing inventions. Utility patents also cover enhancements and modifications to existing inventions. For instance, a process patent covers acts or methods of doing a specific act, whereas a chemical composition will include a mixture of ingredients.
What is the average length of a patent? Utility patents are valid for 20 years from the initial filing dates, but their expirations may be extended because of delays in the patent office, for example.
Do you wish to protect your idea? As patents are only granted for applicants who are first to file You must start filing quickly. Call a patent attorney at PatentPC to patent your idea now!
When drafting a patent application, you should do a patent search, as the search can provide some insight into other people’s concepts. This can help you limit the scope of your idea. Additionally, you’ll be able to discover the latest art in your field of innovation. You’ll have a better idea of what your invention ought to be and be more prepared to submit the patent application.
How to Search for Patents
The first step to get your patent is to conduct the patent search. You can do a google patent search or do a USPTO search. Patent-pending is the term for the product that has been covered by the patent application. It is possible to search for the public pair to locate the patent application. When the patent office is satisfied with your application, you’ll be able do a patent number search to find the patent issued. Your product now has the potential to be patentable. It is also possible to use the USPTO search engine. Read on for more details. A patent lawyer or attorney can help you through the process. Patents granted in the United States are granted by the US trademark and patent office, or the United States patent office. This office also evaluates trademark applications.
Are you interested in similar patents? These are the steps to follow:
1. Brainstorm terms to describe your invention, based on its purpose composition, use, or purpose.
Write down a brief and precise description of your invention. Be sure to avoid using terms that are generic such as “device,” “process,” and “system.” Instead, look for synonyms for the terms you chose initially. Then, take note of important technical terms and key words.
Utilize the following questions to help you identify the keywords or concepts.
- What is the objective 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? Does it constitute a product?
- What is the basis of the invention? What is the physical makeup of the invention?
- What’s the point of this invention?
- What are the terms in the technical field and keywords used to describe the nature of an invention? A technical dictionary can assist you to find the appropriate terms.
2. These terms allow you to search for relevant Cooperative Patent Classifications on the Classification Search Tool. To find the most appropriate classification to your invention, scan the classification’s class Schemes (class schedules). If you don’t get any results from the Classification Text Search, you might want to think about substituting the words to describe your invention using synonyms.
3. Go through 3. Go over the CPC Classification Definition to verify the relevancy of the CPC classification you’ve discovered. The link to a CPC classification definition is available if the chosen classification title is a blue square with a “D” to the left. CPC classification definitions will help determine the relevant classification’s scope which is why you can be sure to select the most relevant. These definitions may also include research tips or other suggestions which could prove useful in further study.
4. Retrieve patent documents with the CPC classification from the Patents Full-Text and Image Database. You can search and narrow down the relevant patent documents by focusing first on the abstract and the drawings that are representative.
5. This collection of patent publication is the best to check for similarities with your invention. Pay attention to the specification and claims. You may find additional patents by consulting the patent examiner and applicant.
6. You can find published patent applications that match the CPC classification you picked in Step 3. It is possible to use the same strategy of searching as in Step 4. You can narrow your results to the most pertinent patent applications by looking at the abstract and drawings on each page. After that, you must review all published patent applications carefully and pay particular attention to the claims and other drawings.
7. Find additional US patent publications by keyword searches in PatFT and AppFT databases, searching for classification of non-U.S. patents in the below, and searching non-patent literature disclosures of inventions using web search engines. For instance:
- 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.