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To file a patent for an invention is not easy. It takes a lot of paperwork for the invention, Choose IPFlair for your patenting needs for the easiest patenting experience. Read more: https://bit.ly/3BrgF7l
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Why Should You File a Patent? - NewsCarter Inventions that are useful and have put innovation into practice are great contributions to society. But how does the inventor gain from it? An inventor should apply for a patent as soon as possible to secure the rights to the invention.
1) Design patent, which protects the novelty of the outward appearance of the invention. 2) Utility patent protects the novelty of an invention’s method or function. Regardless of the type of invention, there are many benefits you can gain from filing a patent.
COMMERCIALISE THE INVENTION • An investor can use the patented invention to generate revenue. If an investor wishes, the patented invention can be sold to be manufactured on a large scale, sold to third parties for a sum, or even licensed to third parties.
LEGAL PROTECTION OF EXCLUSIVITY • The most obvious advantage of a patent is that the inventor gets the legal right to exclusively use the invention for commercial purposes. The inventor can also take to court those who infringe this right by making economic benefits from someone else’s invention.
Ownership • of the Invention
Getting a patent means the inventor can use the invention without the fear of being robbed of their credibility and hard-earned work. Since legal protection is bestowed upon its ownership, they can confidently share their invention in the public domain. • Filing a patent has a very high branding benefit from a business perspective. Companies can build authenticity and get high ROI by branding their inventions.
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