What is Patent?
The term patent usually refers to the right granted to anyone who invents something new, useful and non-obvious; something which has new technical solution to the existing crises. It can be a new method of doing things, the composition of a new product, or a technical improvement on how certain objects work. A patent is often referred to as a form of intellectual property right. A patent gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of years in exchange for publishing an enabling public disclosure of the invention.
Benefits of Registering a Patent
- Patent laws empower individuals to come up with unique and productive concepts or ideas
- Exclusive access to every right from the time of early filing
- Generating ROI through licensing or selling the invention
- Patented Invention is Tradable
- Freedom to make changes
Before filing for the Patent Registration make sure you carry out the following needs:
Write down the invention or concept in detail.
- What is my invention & how does it work?
- How does your innovative idea propose to solve this problem?
- What is the uniqueness of your innovation?
- What are the components of my innovation?
- Who are the competitors with what product or service etc
Include drawings, diagrams, or sketches explaining the working of the invention.