What is a patent, and why do I need one? A patent protects your invention from being copied or stolen by another company. This means that, when you register successfully with the USPTO, you are the only one who can build and sell your patented product for up to 20 years. If you want to be successful in business, it is important to protect yourself with patents. Houston Patent Attorney helped many companies develop a strong patent portfolio so they can grow their businesses without worrying about competitors ripping them off.
In this blog post, we will discuss what patents are and how you can use them to build a successful business strategy.
What are patents?
Patents are a great way to stop imitations of your invention and design. They’re a form of intellectual property, where government laws protect the rights you hold to your inventions, innovations and unique product designs.
The purpose of patents is to provide exclusive rights for an inventor or company so they’re free from competition in their industry (or outside it). If you invent something new within your own field, that gains enough market interest, people will try to imitate it. You’ll want to be proactive and inhibit imitations.
What’s the patent registration process like?
The process of registering patents is often convoluted, and it’s easy to get impatient waiting. However, there are some steps you can take to get a better head start:
-Research your industry’s legal requirements on patents
-Understand your invention and its value in the marketplace.
-Identify an experienced patent professional who understands how best to protect these rights for you or your business around the world.
A patent attorney is typically hired for advice and an organized strategy when filing patents. It can be difficult to get patented without professional help from these attorneys who work with you as your assistant rather than just another employee.
How expensive can patents be?
The patent process is daunting for any company. Finding the money, time and resources to come up with a strategy can be difficult without an experienced attorney by your side throughout the entire ordeal of filing patents in order to protect what you’ve created.
The costs associated with creating innovative technology may outweigh other expenses such as attorneys fees or government filings, because in a particularly inventive piece of technology, there are so many different features that need protection. This means more applications filed in order for each feature to receive its own design rights and ownership status.
In addition to the initial USPTO filing fee, several maintenance fees will need to be paid throughout the life of each registered patent.
Now that you’ve learned something about patents
Here’s your chance to partner with a Lloyd & Mousilli patent lawyer who has the global tech business experience necessary for you to develop a sustainable intellectual property strategy.