Significant things you must know about Patent registration
Things you should know about patents:
Inspiration hits an inventor or entrepreneur, the race is to patent the idea with uniqueness, put together a prototype, start the manufacturing and get it out to the market before somebody else does. The first thing of the aforementioned process of getting to a market, obtain a patent is a subject matter which generates lot of confusion especially for those who is new to the world of patenting.
Without the patent, there is more risk that competitor can steal your original idea, so obtain the intellectual property rights and protection is crucial.
Here are some important things that every entrepreneur or inventor needs to know before launching a new product.
Definition of patent:
A patent is a government license which gives the holder exclusive rights for their process, design or new invention for a designated period of time. By establishing the patent, the patent holder can be protected from other entities infringing upon their intellectual property.
Without a patent, your new inventions could be replicated, reverse engineered and resold by another company with the more resources and effectively pushes the original inventor out of the market place.
Patents are country sensitive:
There are different patent authorities; no single governing body can issue the patent worldwide. For example, patents in the United States are issued by the United States patent and trade office while patents in India are handled by the Indian Patent office which is administered by the office of the Controller General of Patents, Designs and Trademarks (CGPDTM)
The patent cooperation treaty assists the applicants in seeking patent protection internationally for their inventions, helps the patent offices with their patent granting decisions and facilities public access to a wealth of technical information relating to those inventions.
Though the patent cooperating treaty, one can initiate the patent filing process with roughly 145 participating nations, eventually there are some additional cost and processes required that one must consider finalizing the desired patents.
You can’t patent an idea:
As great as an idea may be, to apply for a patent, there are some requirements to be met as it relates to the development of the idea itself.
By the intellectual property office they have clearly stated that a general plan or a notion without some identifiable embodiment cannot be protected as intellectual property.
Though the requirements may vary from country to country, patent authorities require that, in order to be patented, ideas need to be structured as more of a tangible design or asset, either through the development of a prototype or through the detailed descriptions and drawings.
Multiple types of patents:
While applying for the patent, entrepreneurs and inventors have to note that what type of patent they are applying for. There are three different types of patent they are design patents, utility patents and plant patents.
The first one who files a patent typically wins:
First-to-file system for patents system is working now instead of first-to-invent model. What it means is that in the event of multiple applicants filing for the same patent, there may be some disputes. So in order to avoid that, the patent will go to the one who filed the application first.
Patents can take a long time:
When you attempt to obtain a patent, it takes some amount of time. But the timelines vary from entity to entity
Patents need to be globally unique:
Prior to incur the expense and dedicates the time which is required to apply for a patent, it is highly advisable to conduct a worldwide search for a similar patents. It is to ensure that there is not a similar product or concept which has been already arrived.
The patent search must go beyond just a single country as suggested by innovative design. To patent your ideas internationally, that needs to be globally unique that’s why the search has to be worldwide.
Before filing the patent application, it is important to consider the litany of costs which are associated with the process. There are associated services to be considered apart from the application fee, the cost will be for professional worldwide patent search and opinion to attorney fees to assist with the prototype manufacturing or design drawings and more.
Patent legislation constantly changes:
With the pace, technology and innovation in today’s world constantly change with the guidelines and laws. The inventors and the entrepreneurs should keep the recent changes with the international bodies such as the World Intellectual Property Organisation (WIPO).
Individual countries routinely draft the new legislation which involves patent law such as the proposed innovation act that is under consideration.
Being one of the leading service provider, we are very much focused on customers’ satisfaction and their requirements. We guide them effectively in order to complete their patent registration process within a specified duration of time. To know more information -> Click here.