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Showing posts from May, 2020

When should a patent application be filed?

Protection of intellectual property, granting someone special rights to use, sell or manufacture an invention for a certain period of time. A patent is a term that has been used for many centuries and applies to both physical inventions and intellectual property. What does a patent mean? A patent does not purport to make and sell a product; Rather it empowers others to ban the production of an item or a piece of their own intellectual property for their own monetary gain. The time period for a patent varies but is usually twenty years from the time of the invention of the object or property. Governments grant patents to inventors as a way to keep others from inventing, making, or selling for a time. It is a way to protect the intellectual rights and qualities of inventors and ensures that others are not compensated for their work and efforts. Once a patent is issued on an invention, it makes that invention the sole property of the inventor, and like any other form of...

How to license your invention for royalties

After you brought your new idea to full use, you have invented it; and after you have got your intellectual property protection, you have got it patented. Like most independent inventors, the next task at hand will be licensing your invention, which will help you to get royalties. Licensing route Licensing is a legal written contract where the patent owner is the licensor, who grants the rights of the patent to a licensee, to the person who wants to license the patent. Those rights can include use or copy your invention and the right to sell your invention. While licensing your invention you can also write "performance obligations" in the contract, for example, you just want your invention to sit on the shelf, and when you include a clause that your invention must be dropped at the market within a specific amount of your time. You can determine how long the license agreement will be in effect. Licensing your invention is revocable by breach of contract, by pre-determi...

Follow the right way to keep your intellectual property protection intact

After working for months- even years- on an inventive idea,  you want to ensure that you bear the profits of it. It is necessary to protect it legally to avoid infringement that can lead to a loss. Intellectual property protection ensures your idea is safe from the hands of competitors and you’re the sole bearer of the profits made. To get intellectual property protection, you need to register for a patent in the office of USPTO ( United States Patent and Trademark Office). The process to file the application and waiting for approval can take up to 12 months.  However, it’s not permanent protection.  Intellectual Property and its types Intellectual property is an intangible creation of a human mind. It includes designs, symbols, music, products, and even colors amongst several other inventions. There are 4 legally defined categories of intellectual property protection. In the US, each category is granted a different length of protection: Patents: issues f...

What can and cannot be patented: Patented Products

In your whole life, you have heard once about the word ‘patent’ but you will not have full information about it. If a person has made a new discovery, then he should get his idea or search patented. So that no person or organization can copy his/her idea or search.  Anything which can qualify in the list of patented products will be granted to it.  What is Patent? When a person invents a new idea or a new discovery he has to get a patent for the right to come to his role. So if any other person gets his copy then the patent has a right that allows any person or organization to have complete new security so that no copying is done.  Types of Patent There are 3 types of patents: Utility Patents: This protects useful processes, machines, product raw materials, the composition of anything, or improvement in any of them. For example fiber optics, computer hardware, medicines, etc. Design Patents: This prevents new, original, and illegal use of the p...

How to Check if My Idea is Already Patented- Search a Patent

While climbing the stairs of innovation, it will not be forgotten that the bulb of the idea can burn in anyone's mind, but the idea is of that person who can register it officially. This process of filing the idea has been named Patent. First of all, it needs to be understood that a patent does not already get registered by anyone else. You can start the process by search a patent online. Overview about Patent The patent period is for 20 years and has to be applied separately in each country. Therefore, applicants must check in which countries their product can be used so that applications can be made in those countries. Search a patent will save you valuable time and money. Why is patent search important? Many patents get filed in a day also all don’t get issued very promptly. It depends on specific legal procedures whether it will get published promptly or after some months. After a patent is filed, it may be somewhere during the procedure of getting published so p...