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What is a patent?
Patents are granted by the government to protect an invention. It grants the inventor the exclusive right to develop, utilize and market the idea. Society gains when new technology is brought to market. The benefits can be in directly, in that it may allow people to accomplish previously unattainable things, or indirectly by the economic benefits (business expansion and job creation) that innovation provides.
Patent protection is demanded by a variety of pharmaceutical companies and university researchers to aid in their research and development. Patents can be granted to an abstract or physical product or process, or the method or composition of materials that are new to the area. Patent protection is granted to an invention that is useful unique, innovative, and not already known by others in the same area.
Patents give inventors a chance to be recognized for commercially viable inventions. They serve as a motivator for inventors to invent. Patents enable inventors and small businesses to be confident that there’s the possibility that they’ll get a profit for their efforts, time, and money invested in technological development. They can make a living by their work.
Companies that are able to:
Protect innovative products and services;
Increase the value, visibility, and attractiveness of your products market
Your business and your products should be distinguished from others;
Access business and technical expertise and other information;
Avoid the risk of accidentally using third-party proprietary content or losing important information, creative outputs, or any other innovative output.
Patents transform inventors’ knowledge into a commercially tradeable asset, which creates new opportunities for job creation and business growth through licensing or joint ventures.
Small businesses that have patent protection are more appealing to investors who are involved in the development and commercialization of technology.
Patents can result in new ideas and inventions. These information may be protected by patents.
Patents can be used to prevent untrustworthy third parties from making money through the work of inventions.
The profits from technology patents that are successful and commercially viable can be used to finance technological research and development (R&D), which will boost the likelihood of improved technology in the future.
You can use the intellectual property rights of your company to convince lenders and investors that your product is a viable commercial value. One powerful patent may lead to many financing opportunities. You can use patents and other IP assets as collateral or security financing. You may also present investors with the patents you own to boost the value of your business. Forbes and others have noted that every patent could add anywhere from $500,000 to a million dollars in company valuation.
Start-ups require a well-designed business plan that builds on the IP to demonstrate that your product or service is unique, superior, or innovative. In addition, investors will be impressed if you demonstrate that your IP rights are secured or are in the process of becoming secure, and that they are in line with your business plan.
It is essential to keep your invention secret until you apply for patent protection. Public disclosure of an invention before it is filed is often detrimental to its novelty and render it patent-infringing. 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 safeguard your invention. Utility patents are for the development of new methods and machines. Design patents cover ornamental designs. Utility patents are the best since they protect the proprietor from copycats and other competitors. They are typically issued to improve or modify existing inventions. Utility patents can also be used to cover improvements and changes to existing inventions. For instance, a process patent will be able to cover actions or methods for performing an action, while a chemical composition will include the combination of ingredients.
What is the average length of a patent? Patents that are utility-related last 20 years from the initial date they were filed, but their expirations can be extended because of delays at the patent office, for example.
Do you want to patent your ideas? Patents are granted only to the first applicants to file therefore you need to file your patent application quickly. Call PatentPC today to file your patent application submitted!
When drafting your patent application, you should do an internet search for patents, since it will provide you with some insights into other people’s ideas. This allows you to restrict the extent of your invention. Furthermore, you’ll learn about state of the technology in your field of invention. You’ll have a better idea of what your idea should be and be more prepared to submit your patent application.
How to Search for Patents
A patent search is the first step in obtaining your patent. 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 covered by the patent application. You can search the public pair to locate the patent application. Once the patent office approves the application, you can perform a patent search to locate the patent issued which means that your product will now be patented. You can also use the USPTO search engine. Read on for more details. You can get help from a patent lawyer. In the US Patents are issued through the US patent and trademark office, or the United States patent and trademark office, which is also responsible for examining trademark applications.
Are you interested in finding other similar patents? These are the steps to follow:
1. Think of terms that describe your invention according to its function, composition, or use.
Write down a concise detailed description of the invention. Don’t use generic terms such as “device”, “process” or “system”. Look for synonyms to the terms you chose initially. Also, keep track of significant technical terms as well as key words.
To help you recognize keywords and concepts, use the questions below.
- What is the objective of this invention? Is it a utilitarian device or an ornamental design?
- Is the invention a way of creating something, or performing an action? 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 the invention?
- What are the technical terms and keywords that describe an invention’s nature? A technical dictionary can help you identify the correct phrases.
2. These terms allow you to find relevant Cooperative Patent Classifications at Classification Search Tool. If you’re unable to determine the correct classification to describe your invention, look through the Schemas of classes (class schedules). If you do not get results using the Classification Text Search, you might want to think about substituting the words that describe your invention using synonyms.
3. Go through 3. Check the CPC Classification Definition for confirmation of the CPC classification you found. The link to the CPC classification definition will be provided when the classification you have selected has a blue box that includes “D” to its left. CPC classification definitions can be used to determine the relevant classification’s scope which is why you can be sure to choose the most appropriate. In addition the definitions may include some tips for searching and other information that could be useful to conduct further research.
4. Retrieve patent documents with the CPC classification from the Patents Full-Text and Image Database. You can search and find the most relevant patent documents by focusing first on the abstract and representative drawings.
5. This selection of patent publications is the most appropriate to check for similarity to your invention. Take note of the specifications and claims. It is possible to find additional patents through contacting the patent examiner and applicant.
6. You can retrieve the patent application that has been published and match the CPC classification you chose in Step 3. It is also possible to use the same strategy of searching you used in step 4 to limit your search results to the most relevant patents by reading the abstracts 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 other US patent publications by keyword searches in the PatFT and AppFT databases, classification searching of non-U.S. patents per below, and searching for non-patent publications of inventions with internet search engines. Here are some 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.