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What is a patent?
Granted by the government to protect an invention, patents give the inventor with the exclusive right to develop, utilize the invention, market and promote the invention?society is benefited when a brand new technology is brought into the marketplace. These benefits may be directly realized by people who are able to perform feats previously thought impossible, or indirectly through the economic opportunities that innovation offers (business growth, jobs).
Patent protection is sought out by many university researchers and drug companies to protect their development and research. Patents can be granted to the creation of a product, process or method of making new materials. To be granted protection by patent the invention must be novel, useful and not be obvious to anyone else within the same subject.
Patents reward inventors who have commercially viable inventions. They serve as a motivator for inventors to create. Patents allow inventors and small businesses to know that there’s an excellent chance that they will receive a return for their time, effort and investment in technology development. They could earn a decent income by their work.
Businesses that have the capacity to:
Protect the latest products and services;
Improve the value, the visibility, and attractiveness of your products on the market;
Differentiate yourself and your products from others.
Find out about business and technical information.
Avoid accidentally downloading third-party content or losing important information, original outputs, or any other outputs that are creative.
Patents can transform an inventor’s knowledge into a commercially tradeable asset which opens new opportunities for employment creation and business expansion by licensing or joint ventures.
Small companies that have patent protection will be more appealing to investors who are involved in the commercialization and development of technology.
Patenting could lead to the development of new inventions and ideas. These information may be eligible for patent protection.
Patents can be used to serve as an effective deterrent for untrustworthy third parties that profit from an invention’s successes.
Commercially successful patent-protected technology revenues can be used to finance technological research and development (R&D) and boost the likelihood of improved technology in the future.
It is possible to leverage intellectual property ownership to convince investors and lenders that your product is a viable commercial value. Sometimes, one powerful patent can open the door to a variety of financing possibilities. Patents can be used along with other IP assets as collateral or security financing. Investors can also see your patent assets to boost the value of their company. Forbes and others have stated that every patent can boost company valuation by anywhere from $500,000 to $1 million.
Startups require a carefully-crafted business plan that is built on the IP to show that your product/service is unique and superior or ingenuous. Additionally, investors will be impressed if you demonstrate that your IP rights are secured or are on the verge of becoming secure and that they are in line with your business plan.
It is important to keep an invention secret until you apply for patent protection. Public disclosure of an invention before filing it could often erode its originality and make it ineligible for patent protection. Therefore, pre-filing disclosures (e.g. for testing-marketing investors, investors, or for other business partners) must only be done following the signing of a confidentiality agreement.
There are several types of patents, and understanding these is vital to safeguard your invention. Utility patents cover the development of new methods and machines. Design patents cover ornamental designs. Utility patents are the most effective and shield the owner from copies and competitors. Most often, utility patents are issued to improve or modify existing inventions. Utility patents can also be used to enhance or alter existing inventions. For instance, a procedure patent covers acts or methods of doing a specific act, whereas chemical compositions are an assortment of components.
What is the typical length of patents? While utility patents are valid up to 20 years from the initial filing, they may be extended through delays in the Patent Office.
Are you considering patenting your ideas? As patents are only granted to applicants who file first, you need to make your application quickly. Contact an attorney for patents at PatentPC to patent your idea today!
When drafting an application for patents, you should do an internet search for patents, since the search can provide some insights into other people’s concepts. You’ll be able limit the scope of your invention. In addition, you can discover the latest technological advancements in your field of invention. You’ll get a better understanding of what your invention ought to be and be more prepared to submit the patent application.
How to Search for Patents
The first step in getting your patent is to perform the patent search. You can do a google patent search or do a USPTO search. Patent-pending is the name used to describe the product that has been included in the patent application. You can search for the public pair to locate the patent application. When the patent office has endorsed the patent application, you can conduct a patent number search to find the issued patent, and your product is now patented. It is also possible to use the USPTO search engine. Check out the following article for more information. You can get help from an attorney who is a patent or patent attorney. In the US patents are granted by the US trademark and patent office or the United States patent and trademark office, which also reviews trademark applications.
Are you interested in finding other similar patents? These are the steps to follow:
1. Think of terms to describe your invention based upon the purpose, composition and application.
Write down a succinct detailed description of your invention. Don’t use generic terms like “device”, “process”, and “system”. Instead, look for synonyms to the terms you initially chose. Also, make note of key technical terms as well as keywords.
To help you identify terms and keywords, you can use the questions below.
- What’s the purpose of the invention? Is it a utilitarian device or an ornamental design?
- Is the invention a method of creating something or carrying out a function? Is it an item?
- What is the purpose and composition of the invention? What is the physical composition of the invention?
- What is the purpose of this invention?
- What are the terms used in technical terminology and key words that define the essence of an invention? To find the correct terms, consult an online dictionary of technical terms.
2. These terms allow you to search for relevant Cooperative Patent Classifications on the Classification Search Tool. To find the most appropriate classification for your invention, scan the classification’s class Schemes (class schedules). If you do not get results from the Classification Text Search, you may want to consider replacing the words that describe your invention with synonyms.
3. Go through 3. Check the CPC Classification Definition to confirm the validity of the CPC classification you found. The hyperlink to the CPC classification definition is given if the chosen classification title contains a blue box with “D” to the left. CPC classification definitions will help determine the relevant classification’s scope, so you are certain to choose the one that is pertinent. The definitions could also contain search 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. By focusing on the abstracts and representative drawings it is possible to narrow your search to the relevant patent documents.
5. Use this selection of the most pertinent patent documents to examine each in detail for similarities to your idea. Take note of the specification and claims. Refer to the applicant and patent examiner to obtain additional patents.
6. Retrieve published patent applications with the CPC classification you chose in Step 3 from the Applications Full-Text and Image Database. It is also possible to use the same strategy of searching you used in Step 4 to narrow down your search results down to just the most relevant patents by reading the abstracts as well as the drawings for every page. After that, take a close look at the patent applications that have been published with particular attention paid to the claims as well as additional drawings.
7. You can find additional US patent publications by keyword searching in AppFT or PatFT databases, and also the classification search of patents that are not from the United States in the following table. You can also utilize web search engines to search non-patent literature disclosures about inventions. 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.