The concept of patents can be traced back to your 14th century and yes it even has consistently evolved over time. Carrying out of patents was introduced to encourage innovators by awarding exclusive rights the particular improvements in technology made by your kids. In essence, a patent is a set of exclusive rights granted with country in exchange for a public disclosure of their invention. The rights granted to a patentee, in most countries, include, the particular to exclude others from making, using, selling, importing, offering for sale or distributing the patented invention without permission of the patentee. This set of exclusive rights is granted for a small period of time, and in most cases the right is restricted to 20 years.
The exclusive rights granted to a patentee have business impact, some that are listed below:
A patentee gets the freedom to enjoy monopoly over-the-counter patented invention for 20 years
A patentee can monetize his patented invention by selling or licensing out his rights, in addition to other ways of monetizing
Engineers and scientists can access a refreshing pool of patent information and improvise on existing technology
Competitors could have to create non-infringing services processes
The business impact of patents can be used develop the competitiveness of a business enterprise. A wholesome, systematic and customized approach towards patents is required to use the power of patents to positively impact your provider.
4 fold approach
new invention for enhancing competitiveness
Build a patent fortress
Proactively safeguard your business interests
Respect others intellectual property
Intelligent technique to product and process development
Build a patent fortress
One of the approaches for improving competitiveness of a business is by having product differentiators. Product differentiators are brought about by developing products are generally technologically superior, has newer/better
patenting an idea features or addresses specific needs of consumers. Sometimes, there usually will not be any changes forced to the product, however, companies might differentiate themselves from competition by providing products at reduced prices. This might be possible by
can i patent an idea making changes towards processes implemented in producing employs a powerful. Such modifications meant to the products/processes might be patent important. Hence, when a company feels that they have made some modification that may patent worthy, it is important to contemplate the idea of having such improvements protected by a patent.
Tess Gerritsen 