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What is a patent?
Patents are issued by the government to safeguard an invention. It grants the inventor the right to create, use and sell the idea. Society is benefited when new technologies are brought to the market. These benefits may be realized directly by people who are able to accomplish feats previously unattainable, or indirectly through the economic benefits that innovation provides (business growth, jobs).
Many pharmaceutical companies and university researchers seek patent protection for their work and research. A patent can cover an abstract or physical process or product, or the method or composition of material unique to the field. Patent protection must be granted to an invention that is beneficial or novel and is not previously known to others in the same area.
Patents are a way to reward inventors for their commercially successful inventions. They serve as a motivator for inventors to create. Patents permit entrepreneurs and small companies to know that there is the possibility that they’ll get a profit on their time, effort and investment in technology development. They can earn a living through their work.
Companies with the capacity to:
Secure your products and services.
Improve the visibility and the value of your product’s presence on the market
Your business and your products should be distinguished from the rest;
Get technical and business information.
Avoid accidentally using third-party content or risking losing important information, creative outputs, and other outputs.
Patents transform inventors’ information into a tradeable asset, which creates new opportunities for employment creation and business growth through licensing or joint ventures.
Small-scale businesses with patent protection are more attractive to investors involved in the commercialization and development of technology.
Patenting may lead to innovative ideas and inventions. This information could encourage the development of new ideas and may be eligible for patent protection.
Patents are a way to prevent untrustworthy third parties from profiting through the work of inventions.
Patent-protected technology revenue that is commercially profitable could be used for financing technological research and development (R&D) that will improve the chances of a better technology in the near future.
Intellectual property ownership can be used to convince investors and lenders that there are real opportunities to commercialize your product. One powerful patent may lead to numerous financing options. You can use patents and other IP assets as collateral or security for financing. Investors may also look at your patent assets to increase their company valuation. Forbes and others have pointed out that each patent can increase between $500,000 and one million dollars to company valuation.
Start-ups need a well-constructed business plan that leverages the IP to prove that your product or service is distinctive or superior to others. In addition, investors will be impressed if you show that your IP rights are secure or in progress of being secure and that they align with your business strategy.
It is vital to keep an invention secret before applying for patent protection. Public disclosure of an invention prior to filing can typically degrade the novelty of an invention and render it unpatentable. Disclosures that are filed prior to filing, like for investors, test marketing, or any other business partners, should be done only after signing a confidentiality contract.
There are a variety of patents. Knowing them is essential to protect your invention. Utility patents cover new techniques and machines. Design patents cover ornamental designs. Patents for utility are the best option and shield the owner from copies of the design and competition. Patents for utility are usually granted to enhance or modify existing inventions. Patents issued under utility can be used to improve or modify existing inventions. A process patent could describe the methods or actions of performing a particular act. But, a chemical composition would include a combination of ingredients.
What is the length average of the patent? While utility patents last up to 20 years from the initial filing, they may be extended by delay in the patent office.
Are you interested in patenting your ideas? Patents are only granted to the first-to-file applicants so you must file quickly. Contact PatentPC today to get your patent application filed!
A patent search is a must when you are drafting the patent application. This allows you to discover other ideas and give you an understanding of the potential of them. This will allow you to limit the scope of your invention. In addition, you can discover the latest art in your field of invention. This will allow you to comprehend the scope of your invention as well as prepare for the filing of 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 refers to the product that has been covered by the patent application. You can use the public pair to find the patent application. When the patent office is satisfied with your application, you will be able to do an examination of the patent number to find the patent issued. Your product is now patentable. Alongside the USPTO search engine, you may also use other search engines, such as espacenet, which is described below. It is possible to seek help from an attorney for patents. In the US, patents are issued through the US patent and trademark office as well as the United States patent and trademark office, which also reviews trademark applications.
Are you looking for similar patents? These are the steps you should follow:
1. Brainstorm terms that describe your invention, based on its intended purpose, composition and usage.
Write down a brief detailed explanation of your invention. Do not use generic terms such as “device,” “process,” and “system.” Consider synonyms for the terms you initially chose. Also, keep track of important technical terms as well as keywords.
Use the questions below to help you identify the keywords or concepts.
- What’s the purpose of the invention? Is it a utilitarian device or an ornamental design?
- Invention is a method to create something or perform some function? Are you referring to an item?
- What is the structure of the invention? What is the physical structure of the invention?
- What’s the purpose of this invention?
- What are the technical terms and terms that describe an invention’s nature? A technical dictionary can help you identify the correct terms.
2. Use these terms to find relevant Cooperative Patent Classifications on the Classification Text Search Tool. To determine the most suitable classification to your invention, go through the resulting 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 that describe your invention with synonyms.
3. Examine 3. Go over the CPC Classification Definition to confirm the validity of the CPC classification you’ve found. The link to a CPC classification definition is provided if the chosen classification title contains a blue box with “D” to its left. CPC classification definitions can assist you in determining the classification’s range so that you can pick the one that is the one that is most appropriate. The definitions could also contain research tips or other suggestions that could be helpful for further investigation.
4. Get patent documents using the CPC classification from the Patents Full-Text and Image Database. By focusing on the abstracts and drawings that are representative it is possible to narrow your search to find the relevant patent documents.
5. Take advantage of this list of most pertinent patent documents to look at each one thoroughly for any the similarities to your invention. Be sure to read the specification and claims. Contact the applicant as well as the patent examiner to obtain additional patents.
6. It is possible to find patent applications published in the public domain that fit the CPC classification that you chose in Step 3. It is also possible to use the same search strategy that you employed in Step 4 to narrow down your search results to only the most relevant patent applications by looking over the abstracts and drawings on each page. Then, you must carefully review the published patent applications, paying particular attention to the claims as well as additional drawings.
7. You can search for additional US patent publications by keyword searches in AppFT or PatFT databases, as well as search for patents classified as not from the United States per below. Additionally, you can use web search engines to find non-patent documents that describe inventions in the literature. 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.