Before you go about the process of seeking a patent, it’s important to understand exactly what a patent is. A patent is a type of intellectual property right that the government grants to an inventor over their invention.
You’ve developed or you’re creating an invention that solves a problem, and now you’re ready to reap the rewards. If you’re like most inventors, you’ll want to make money off of your invention while protecting your intellectual property rights at the same time.
In an effort to help my clients and colleagues understand the latest in patent cases, I’ve began creating a library of patent analysis and the latest in the patent world. Stay tuned for the latest cases shaping the patent world!
Original inventions and ideas are a driving force in our modern economy. A single innovation can make the difference between astounding successes or bankruptcy, as Fortune 500 giants like Apple have proven.
3 lawsuits in 2012 resulted in payouts of over $1 billion per each lawsuit.
Your new invention, or brilliant idea could one day cost you that much if you don’t prepare yourself. Even if all that cash should have been rightfully yours.
So you’ve worked long and hard, burning the midnight oil as they say, and you’ve come up with a fascinating and useful idea of your own. Something humanity hasn’t quite seen before, a product of not just your vision but your dedication.
You have your invention. The next step is to get the patent. As exciting as this process is, getting an invention patent can be costly, difficult, and tricky, for both individuals and startups. It can be very easy to make mistakes, which can set you back on your patent goals.
Have you invented a new product which is going to change people’s lives? Maybe you have created new software, an innovative nutritional supplement, or life-saving pharmaceutical. Now the question is this: does your startup have what it takes to be the next big success story?
You don’t need to be a genius to generate new invention ideas. But, what exactly does it take for you to come up with a singular creation? Invention can’t necessarily be caught in a bottle, but there are ways to set yourself up for success.
Have a new business idea you can’t wait to bring to life? Protecting your idea, or your intellectual property might seem trivial at first. Yet, skipping the protection of your intellectual property could mean major costs in the long run.
The Adibi IP Group has built a team of motivated patent law experts working with some of the most innovative entrepreneurs and businesses in the country. We help inventors at all levels, from founders, to engineering teams, PE funds, and executives, achieve outsized returns from their IP. Connect today and learn why groundbreaking companies across the world trust us.
