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Archives for July 2021

Benefits Of Patent Ownership

July 28, 2021 by how

A patent is a right granted by the government to the patent owner. This right lasts for twenty years from the date that you first file your patent application. Essentially, the government grants you these rights as an incentive, to encourage and reward you for investing your time and energy in creating your invention.

Patents generally last twenty years before whatever you have invented becomes public domain and can be copied or used freely without anyone having to pay for it. There are ways to extend the life of your patent, such as by using a provisional patent or by getting an extension from the government. Generally though, you can expect your patent to last twenty years from the date that the application was filed. There are agencies, like Invent Help, that could guide you in the process.

The main benefit of patent ownership is that you have a legal monopoly on your invention. You can make money from your invention by: making and selling your own invention, or licensing your invention to others so that they have to pay you for the right to make, use or sell your invention. In other words, the real benefit of owning a patent is that it allows you to make money from your invention while preventing others from copying your idea and competing with you.

In order to be considered as patentable subject matter, your invention must relate to a process, a machine, an article of manufacture, a composition of matter, or an improvement thereof. In short, a product or process.

Assuming that your invention contains patentable subject matter, there are three requirements that must be met in order to receive a patent. First, your invention must have “utility”, which means that it must be useful. Second, it must have “novelty”, which means it must be new, or an advance over existing products or processes. And third, it must be “non-obvious”, which means it must involve more than a simple and obvious change to an existing product or process.

A patent, when done correctly, guarantees that the inventor gets the sole credit for his/her invention and all of the benefits to go with it, such as royalties, the rights to sell his/her invention, and the right to sue anyone who tries to copy it and sell it. Getting support from InventHelp is recommended.The main point of having a patent is to trademark your product or idea so no one else can gain benefits from it.

Filed Under: Business, Home

How To Get A Provisional Patent

July 11, 2021 by how

A provisional patent application is an application which allows inventors to ‘test drive’ their invention before doing a full patent application. A provisional patent application is a short term patent that is cheaper to acquire than the full patent and allows for the use of the phrase ‘patent pending’ on your idea or product. This allows you to have some degree of protection over you intellectual property as well as give you a loophole extension on the usual patent lifespan-one year of provisional and twenty of the normal patent.

Provisional patent applications are much cheaper to file than the regular patents, making them a good thing to use if you are uncertain about how well your idea will fly in the world, but you’re not willing to give up on it yet. Filing a provisional application is also good practice for the total patent application and allows you to continue tweaking your invention (since the applications do not have to be the same for the project) while making money off of it; so you could send out idea, gather feedback and then tweak your project before doing the final patent as explained in https://celebmix.com/follow-in-the-footsteps-of-inventors-like-george-foreman-with-inventhelp/ post.

A provisional patent is very useful, but you have to be careful of a few things when you are using one. First off, you have to remember to file a proper patent application before the year is up on the provisional one or else you lose your patent completely. However, you also want to be careful not to file too early or you’ll lose the extra year on your patent!

Furthermore, because the application process for the provisional patent is so quick, you should still try to make your provisional patents as complete as possible and remember to file a proper patent application at your earliest convenience. There are patenting agencies that provide invention help for new inventors and patenting services you can hire if you don’t know how to do it yourself. A provisional patent is a very useful tool to have in any inventor’s pocket and it’s definitely worth knowing about.

Filed Under: Business

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