Patents
A sound patent
strategy is essential for any business seeking to create and maintain an
innovation-based competitive edge.
A granted patent
provides its owner with a legal monopoly which can be used to stop
competitors from making unauthorised use of the invention as defined in the
claims of the patent specification. In return for the opportunity to secure
a monopoly, the patentee must make a full disclosure of the invention in the
patent specification, which is then published typically around 18 months
after an initial patent application was filed.
Patents are business assets that may constitute a substantial component of
the value of innovative businesses. Patents may be sold outright, or may be
licensed so as to secure an on-going royalty stream. Further, patents are
typically highly valued by potential investors. In some circumstances,
owning a broad ranging patent portfolio may provide strategic negotiating
leverage in the event that a competitor alleges that your activities
infringe their patent rights.
More
information regarding the patent application process may be viewed at the
link below:
>
Patent Application Process
>
Information required to prepare patent
specifications |
