The internet has revolutionized the way we communicate, work, and interact with each other, and there have been many important software patents that have played a key role in that development.
Over 50,000 patents expire every year in the United States alone—each a potential goldmine for savvy entrepreneurs and R&D professionals. Imagine gaining immediate access to cutting-edge technology and proven innovations without spending millions on research and development.
In 2017, the United States Patent and Trademark Office (USPTO) issued 318,849 utility patents. Patent applications have increased by 5.2% since 2016. The total number of applications was about 380,000. This is a positive sign for inventors and innovators.
You’ve spent hours developing a new product that you know will be a success. You’ve contacted other experts to help you develop a business plan. You’re ready to put your product out there. Your crowdfunding campaign ready to go. But have you thought about patent litigation yet?
A dilemma that often arises amongst entrepreneurs, inventors, and the intellectual property field in general is whether one should seek out a patent agent or a patent attorney. Typically the difference in selection comes down to money, and getting what you pay for.
The United States Patent and Trademark Office (USPTO) may issue its 10 millionth patent in 2018. This astounding milestone not only shows how far our society has come, but also underscores the need for a better understanding of intellectual property litigation.
The term “patent pending” is a legal designation or expression used to describe the interim between a patent application being filed with the United States Patent & Trademark Office (USPTO), and the patent being issued by the USPTO or the application abandoned.
You’ve put so much time and energy into your new invention and want to begin profiting off of it. You really think this idea has the potential to make you some serious cash. Maybe it could. But the odds are if you thought of the idea, someone else is going to think of it soon after, if they haven’t already.
Being stuck in a cubicle isn’t most people’s dream. If you’re like many Americans, you might be working a desk job and hustling away at your passions on the side. You may spend your time in the office dreaming of a way to escape 9-to-5 and be your own boss. If you’re an inventor, innovator, or entrepreneur, your new idea could be your way out.
If you’ve just had your stroke of genius moment, or are trying to protect or advance the IP within your startup or small business the tips in this article should help you increase your chances of success.
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.
