Learning The “Secrets” of Patents

Requirements for Getting a Patent

Patent protection gives you the right to stop others from copying, manufacturing, selling or importing a novelty without your permission. As inventor or creator you receive the fullest benefits of your invention, and you are protected from the costs that you have invested, both financial, and time that you have invested to develop it. It also allows you time to establish you trade and bars others from entering that same pursuit eve if they are financially capable.

It might be very useful to patent your creations yet it is not the main thing that will make you successful. 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. You should go beyond gut feeling and the encouraging comments from your friends and family. A solid market research and attention to product development will give you this understanding.

Make sure that you idea does not infringe on somebody else’s patent. To do that, you should conduct a “preliminary patent search” on government’s records. Your goal in this search is to pry or to check the keywords where you pry on every possible pivotal concepts of the invention. The other search after the pry-at or keywords search is the freedom to operate search where in look at the protection period of the patent. In this search you will be able to tell if someone has already gotten your idea.

You can also hire an expert to help you in this task.

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.

Once you have the perfect dummy, you can now start to define your market and determine how large that market is. If you product is too small, its commercial viability might not be good.

The cost of manufacturing consequently must be determined. 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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