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What is a patent?
The government grants patents to safeguard an invention, patents grant the inventor with the exclusive right to develop, utilize, sell and promote the invention? society benefits when a new technology is brought to the market. Benefits can be realized in the direct sense, since it can allow people to accomplish previously unattainable things. Or indirectly by the economic benefits (business growth and employment) that innovation provides.
Patent protection is sought by many universities and pharmaceutical companies for research and development. A patent can cover a physical or abstract product or process or a method or formulation of material new to the area. Patent protection is granted to an invention that is useful unique, innovative, and not yet known by other people in the same area.
Patents reward inventors for their commercially profitable inventions. They act as an incentive for inventors to come up with new ideas. Small companies and inventors are certain that they will receive the most return from the investment they make in technology advancement through patents. They can earn a living from their work.
Patents are a crucial part of businesses with the ability to:
Protect your innovative products and services
Increase the value, popularity, and appeal of your product on the market;
Make your brand stand out from the rest.
Find out about business and technical information.
Beware of the possibility of accidentally using third-party proprietary content, or losing important information, creative outputs, or another creative output.
Patents transform the knowledge of inventors into an asset that can be sold, which creates new opportunities for job creation through joint ventures and licensing.
Investors who are involved in the commercialization and development of technology may find small businesses with patent protection to be more attractive.
Patents can result in new ideas and inventions. This information could encourage the development of new ideas and could qualify for protection under patents.
Patents can be used as a deterrent to untrustworthy third parties profiting from an invention’s efforts.
The profits from technology patents that are successful and commercially viable could be used to finance the development of technology through research and development (R&D), which will improve the chances of developing better technology in the coming years.
Intellectual ownership of property is a way to convince investors and lenders that there are genuine opportunities to commercialize your product. A single patent could open the door for numerous financing options. Patents can be used in conjunction with other IP assets as collateral or security to secure financing. Investors are also able to view the patents you own to boost the value of their company. Forbes and others have noted that each patent can add anywhere from $500,000 to one million dollars to company valuation.
A well-constructed business plan is essential for start-ups. It should be founded on IP and show 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 support your business plan.
It is important to keep your invention secret until you file for patent protection. A public divulging an invention could be detrimental to its novelty and invalidate it. Therefore, pre-filing disclosures (e.g. for testing-marketing, investors, or other business partners) should only be made following the signing of a confidentiality agreement.
There are many types of patents. Understanding the different types of patents is vital to safeguard your invention. Utility patents protect new techniques and machines. Design patents cover ornamental designs. Patents for utility are the best option and protect the owner against copies and competitors. Utility patents are often issued to improve or modify existing inventions. They can also be used to enhance or alter existing inventions. A process patent could cover the acts or methods to perform a specific action. However, a chemical composition could be a combination of ingredients.
What is the length average of a patent? Utility patents are valid for 20 years from the initial date of filing, however their expiration dates can be extended because of delays in the patent office for instance.
Are you considering the patenting of your idea? Patents are granted only to the first-to-file applicants which is why you must file as quickly as possible. Call PatentPC today to file your patent application submitted!
Patent searches are a must when you’re writing a patent application. This allows you to look at different ideas and provide insight into their potential. This allows you to limit the extent of your idea. You can also find out about the current technological advancements in your field of invention. You’ll be able to get a better understanding of what your idea should be, and you’ll be better prepared for writing the patent application.
How to Search for Patents
A patent search is the initial step to getting your patent. You can do a google patent search or do a USPTO search. Patent-pending refers to the product protected by the patent application. You can search for the public pair to locate the patent application. When the patent office is satisfied with your application, you’ll be able do an online search for a patent number and find the patent issued. Your product is now patentable. In addition to the USPTO search engine, you can use other search engines, such as espacenet, which is described below. A patent lawyer or attorney can advise you on the process. In the US patents are issued by the US patent and trademark office or by the United States patent and trademark office, which is also responsible for examining trademark applications.
Are you interested in finding similar patents? These are the steps you should follow:
1. Create a list of terms for your invention according to its function and composition or use.
Write down a succinct detailed description of your idea. Do not use generic terms like “device”, “process” or “system”. Consider synonyms for the terms you initially chose. Next, take note of crucial technical terms and key words.
To help you recognize keywords and concepts, use the questions below.
- What’s the goal of the invention? Is it a utilitarian device or an ornamental design?
- Is the invention a method of creating something or performing some function? Is it a product?
- What is the purpose and composition of the invention? What is the physical structure of the invention?
- What’s the objective of this invention?
- What are the technical terms and keywords that describe the nature of an invention? To help you find the appropriate terms, use an online dictionary of technical terms.
2. These terms will allow you to look up relevant Cooperative Patent Classifications at Classification Search Tool. To determine the most suitable classification to your invention, go through the classification’s class Schemes (class schedules). If you don’t get any results using 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 confirm the validity of the CPC classification that you have discovered. If the classification you have selected includes a blue box that contains “D” and “D”, then the link to the CPC classification definition will be given. CPC classification definitions can be used to determine the relevant classification’s scope, so you are certain to pick the most pertinent. They may also provide search tips or other suggestions that could be helpful for further investigation.
4. The Patents Full-Text Database and the Image Database allow you to search for patent documents that have the CPC classification. By focusing your search on abstracts and drawings that are representative you can narrow your search to find the relevant patent documents.
5. This list of patent publications is the best to look at for any similarities to your invention. Pay attention to the claims and specifications. Refer to the applicant and patent examiner to obtain additional patents.
6. You can retrieve the patent application that has been published and match the CPC classification you selected in Step 3. You may also employ the same method of search that you used in Step 4 to narrow down your search results to only the most relevant patent applications by looking over the abstracts as well as the drawings for each page. After that, you must review the patent applications that have been published carefully, paying special attention to the claims and other drawings.
7. Locate additional US patent publications using keyword searching in the AppFT and PatFT databases, classification searching of non-U.S. patents in the below, and searching for non-patent patent disclosures in the literature 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.