Patents
Patent gives you the right to stop others from copying, manufacturing, selling or importing your invention without your permission
- It GIVES you get protection for a pre-determined period, allowing you to keep competitors at bay.You can then use your invention yourself.
- You can license your patent for others to use it, or sell it, as with any asset. This can provide an important source of revenue for your business. Indeed, some businesses exist solely to collect the royalties from a patent they have licensed – perhaps in combination with a registered design and trade mark.
Patent resides in products and processes which possess the elements of novelty, non-obviousness and utility. A prior disclosure of the product or process, other than for the purpose of experimentation and observation, stands to defeat the Prosecution of the Patent, thereby standing to be “Anticipated”, dismissing the element of Non Obviousness.