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.
With 30,000 new consumer products created every year, it’s hard to imagine how you can find your own space in such a crowded market. There’s also a high percentage of failure for new products, but that’s because most companies lose focus on creating a minimum viable product. Using the right tools can help you create a strong MVP.
No matter how good your idea may be, it isn’t worth much until you can find a way to build a business around it. Yes, while there are successful inventors out there who strictly license patents out to companies, they are extremely rare and typically have a pre-existing relationship with an industry.
Every would be inventor or entrepreneur has that moment in their life, where with a flash of lightning it hits them. The idea. The one that can change the world and solve the problems that has been facing society for too long!
So you’ve decided to hire a patent lawyer, but you may not be sure where to start or familiar even with what they can do. Patent law is a highly specialized, highly technical area of law that most regular lawyers don’t really understand.
There are few things more powerful than an idea. Innovations and new inventions move society forward. They also allow entrepreneurs to build profitable businesses. For this reason, your ideas are one of your most important assets.
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.
