Patents & Disadvantage of a
Patent
The purpose of a patent is to provide protection for technological advances (inventions). It provides an award for the disclosure of the creation of something new as well as for the further development, or refinement, of existing technologies. The aim of a patent system is to encourage economic and technological development by rewarding intellectual creativity.Patent Agent Invention Help
Costs
Costs for patents vary depending on the field of technology your design falls into and the complexity of the design. Average costs to file and obtain a patent start at around $10,000 and can rise dramatically in some cases.The Invention
Advantage
The advantage of obtaining a Patent is the protection it offers. For the period of the patent the patent holder can exclude others from producing, using, and selling the invention claimed in the patent.
How long is the term of a patent?
The term of a patent is typically 20 years from the date on which the application is filed. Although it is no necessarily the same for every country it is now provided by international treaty that the term of a patent has to be at least 20 years from the filing date. Patent Lawyer
Disadvantage of a patent
The obvious disadvantage of attempting to acquire a Patent is the cost. Starting at around $10,000, you are immediately at a financial disadvantage before you've spent any money on product development and marketing. Secondly, patent applications are quite often rejected and if not take a minimum of 2 years to be fully processed. In the meanwhile your patent attorney will most likely be incurring fees while your product concept sits on the sideline. Patent Trademark
What is a Patentable Invention?
In general, to be patentable, an invention of must fulfill three criteria: novelty, inventive step (or non-obviousness) and industrial applicability. This means that the invention must be new compared to the state of the art on the filing date of the application, that it should not be obvious to a person skilled in the art, in other words, it must represent a sufficient advance in relation to the sate of art, and that it should be applicable in the context of some commercial production. The question whether a particular invention is patentable or not is a matter of national law. Patents may only issue to man-made inventions. In most patent systems, the mere discovery of materials or substances already existing in nature is not considered to be an invention. A plant discovered existing in nature, for example, would not be regarded as an invention. Many patent systems also require that an invention of have a technical nature, i.e. that it relates to the physical world. In this respect, pure mathematical or physical formula, or pure software algorithms would not be regarded as inventions. Patent Agent
The purpose of a patent is to provide protection for technological advances (inventions). It provides an award for the disclosure of the creation of something new as well as for the further development, or refinement, of existing technologies. The aim of a patent system is to encourage economic and technological development by rewarding intellectual creativity.Patent Agent Invention Help
Costs
Costs for patents vary depending on the field of technology your design falls into and the complexity of the design. Average costs to file and obtain a patent start at around $10,000 and can rise dramatically in some cases.The Invention
Advantage
The advantage of obtaining a Patent is the protection it offers. For the period of the patent the patent holder can exclude others from producing, using, and selling the invention claimed in the patent.
How long is the term of a patent?
The term of a patent is typically 20 years from the date on which the application is filed. Although it is no necessarily the same for every country it is now provided by international treaty that the term of a patent has to be at least 20 years from the filing date. Patent Lawyer
Disadvantage of a patent
The obvious disadvantage of attempting to acquire a Patent is the cost. Starting at around $10,000, you are immediately at a financial disadvantage before you've spent any money on product development and marketing. Secondly, patent applications are quite often rejected and if not take a minimum of 2 years to be fully processed. In the meanwhile your patent attorney will most likely be incurring fees while your product concept sits on the sideline. Patent Trademark
What is a Patentable Invention?
In general, to be patentable, an invention of must fulfill three criteria: novelty, inventive step (or non-obviousness) and industrial applicability. This means that the invention must be new compared to the state of the art on the filing date of the application, that it should not be obvious to a person skilled in the art, in other words, it must represent a sufficient advance in relation to the sate of art, and that it should be applicable in the context of some commercial production. The question whether a particular invention is patentable or not is a matter of national law. Patents may only issue to man-made inventions. In most patent systems, the mere discovery of materials or substances already existing in nature is not considered to be an invention. A plant discovered existing in nature, for example, would not be regarded as an invention. Many patent systems also require that an invention of have a technical nature, i.e. that it relates to the physical world. In this respect, pure mathematical or physical formula, or pure software algorithms would not be regarded as inventions. Patent Agent
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