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.
Every inventor wonders what happens once they file their invention and send it to the patent office. To most, the world of the patent examiner is a closed box (which can be pretty scary as they often hold the keys to the success or failure of a project), but they have an important job: protecting innovation in our society.
A blocking patent is a patent that prevents a third party from the practice or commercial exploitation of a modified version of the the device or process underlying the patented invention.
Patent infringement. Big word, scary concept. But what does it mean? When you hear about a company being sued for infringement, the important thing to understand is that infringement revolves around the violation of a principle. What principle? Someone reducing the ability of the wronged party to monetize their invention.
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.
