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A properly drafted and issued patent can give you the exclusive right to make, use, sell or import something using or containing the invention that you have claimed in your patent. You can license people to do those things for you, or sue people who do those things without your permission.
There are other subtle reasons to file a patent, including giving notice to potential investors that you have confidence in your invention, to provide notice to other inventors that you claim to have invented something first (whether or not it is patentable), and possibly because your company gives a reward for filing patents.
To amplify: a filed patent also prevents anyone else from later claiming they invented it before you did, and generally prevents them from getting a patent on something that you already disclosed.
Wiki User
∙ 11y ago
Wiki User
∙ 16y agoA patent can be used to prevent others from making, using, selling or importing a particular invention, without permission, for which a license fee can be charged, if desired. Protection can usually last up to 20 years from date of filing, with exceptions for things like ornamental designs or plants, assuming the on-going fees are paid.
Some potential investors might shy away from your company if you do not appear to believe in your product enough to have a patent pending.
There are other economic reasons to have patents, such as the ability to "trade" patent rights with others in a similar industry, rather than sue each other for license fees, and run up the costs trying to determine if you're actually infringing.
Unlike trade secrets, patents cover simultaneous invention by others, meaning you get protection, even if the other inventor did not copy you, and protect the invention even though it has been sold into the public market. A trade secret has no effect on a separate inventor, and protection stops the moment the invention is no longer secret.
On the other hand, there are also reasons NOT to file a patent application, such as the desire to keep the invention secret as long as possible.
Wiki User
∙ 7y agoA patent grants the holder the right to exclude others from making, using, selling, offering for sale, or importing the patented invention for the term of the patent. Patents can be used for (1) defensive, (2) offensive, or (3) business development reasons. A defensive use of patents is to make yourself an unattractive target for patent infringement lawsuits due to the risk of counterclaims for patent infringement. An offensive use of patents is to assert your patent rights against infringers to extract licensing fees or royalties. A business development reason for a patent is to offer a product or service which no one else can offer for the term of the patent.
Further, some facilities use patents to reward or show appreciation for researchers.
One creative person from Omaha, Nebraska, used patent application 20070078663 as a way to propose marriage.
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Difference between patent and patent pending?
A patent is a grant from a patent office, such as the United States Patent Office. "Patent Pending" is a phrase that an application for a patent has been filed and is in some stage in the process of obtaining a patent. Thus, a patent can be presently enforced while a patent that is merely pending is unenforceable but can mature into a patent that can be enforced. Once the pending patent matures, the patent owner can sue for back damages or reasonable royalties starting from the filing date of the patent.
Is there any training on how to get a patent from the patent office?
There are not training offered from the patent office on getting a patent. The patent office advises you to seek guidance from a trademark/patent attorney. A good attorney is highly suggested by the patent office. As a convenience, they have a roster of local Patent Attorneys.
What is patent revocation?
Patent revocation is the removal of patent protection from an invention.
Patent number on antique ..how to look up the original patent?
If it is a U.S. patent, you can go to the USPTO website for patent searches and enter the number in "patent number search".
Is there a patent for donuts?
No, there is not and cannot be such a patent.
How do I patent an idea I had?
There are many companies out there that will tell you how to get a patent, however, most are scams. You can apply for a patent with the US Patent Office at www.uspto.gov.
How to get a patent on a similar patent?
An improvement of an existing invention is itself an invention, and can be patented like any other invention. Contact a patent practitioner (patent agent or patent attorney) for assistance. The United States Patent and Trademark Office has lists and addresses of patent practitioners in every state. Avoid companies that advertise they will "help you get a patent."
What is a patent pending or patent number notice?
Patent pending is a warning that a patent application has been filed. It is completely worthless until and unless a patent is actually issued for that invention. Patent number notice means a patent with that number was issued for the invention that is implemented in the product labeled with that number.
What is a blocking patent?
A blocking patent is a patent relating to a particular area of technology which prevents another patent from being used because the other patent relies on technology covered by the first.
What shrinks black patent leather?
what shrinks black patent or black patent leather?
Whats the difference between a patent attorney and a patent agent?
A patent attorney is a person who has specialized qualifications to represent clients who are obtaining patents. A patent agent is a professional, trained by the U.S . Patent Office, who prepares and files patent applications.
Who holds patent number 555408021?
There is no US patent 555408021. There is also no US patent 55408021.
