If You Read One Article About Laws, Read This One

person qoryatun rosifolder_openMiscellaneousaccess_time March 16, 2017

Requirements for Getting a Patent

With patent protection, you have the right to prevent others from copying, manufacturing, selling or importing you original creation without your permission. You are not only protected from the financial cost and the cost of time in researching and developing it, but also allows you to reap the fullest benefits of that invention or that innovation. And, you are given a pre-determined period to establish your trade and keep others from entering the same pursuit though they are financially capable.

The simple fact is, a patent is a very valuable tool – but it is hardly your number one docket to success. So, before pouring out your money in securing a patent, you need to take some steps to make sure that this business move is a smart one. For after all, rarely do patent products ever make it to market.

So before decide to have you invention patented, make sure to evaluate your idea first and see if this invention has a viable commercial value. What you need to do is to understand you product, your target market, and similar products in the market. Somehow the information you get here goes far beyond your gut feeling and the encouraging words given by your family and friends. A solid market research and attention to product development will give you this understanding.

You product has to be unique, something that is not anything similar to somebody else’s patent. What you can do is conduct a preliminary patent search on government records. The primary goal of the search starts with a pry-at search also known as keyword search where you pry on every possible pivotal concepts of the invention. After doing the pry-at search you then proceed to the freedom to operate search which gives information on the protection period of the patient. Here you can make sure that your idea is free and has not been patented by anyone.

if you need someone to help you in the task, you can hire an expert to do so.

Then you need to create a basic prototype or model to determine the functionality of your product. It is here where your product is also tested and reworked as necessary until an acceptable model is finally achieved.

If you now have a perfect model, you can start to define you market and determine how much large the market is. If it is too small, your product may not be commercially viable.

Then you need to determine the cost of manufacturing your product. Determine whether the production cost is less than the price the market is willing to pay for it.

If you have found yourself a commercially viable product, then next decide if you will get a patent for it or not.

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