The invention is the solution to a technical problem provided that it is new, inventive, and industrially applicable. This solution may relate to a device, product, or process. Thus an invention involves an adequate dose of creativity, ingenuity, and human inventiveness.
The patent is the exclusive right granted by the state for an invention. The condition for granting the patent is that the invention is new, involves an inventive step, and be industrially applicable. The patent holder has the exclusive right to prevent or stop other persons from producing, using, offering for sale, selling, or importing a product or proceeding based on the patented invention, without the prior consent of the proprietor.
The patent is granted by the State Office for Inventions and Trademarks and is valid for 20 years.
A patent is an important tool in business, having the companies acting in a stimulating and dynamic climate.
The patent confers on the holder the following advantages:
- A strong market position and advantage over competing companies
- Higher profit or higher return on investment
- Additional income from the assignment or licensing of the patent
- Access to technology through mutual licensing
- Access to new markets
- Increasing the ability to attract grants or raise funds
- A favorable image for your business
The decision to file a patent application is based on several important factors, namely::
- If there is a market for the invention
- Is the invention used to improve an existing product or to launch a new product?
- Are there licensees or potential investors?
- How valuable will the invention be for your business or for competition?
- Is it within reach discovering the technology behind the marketed product?
- What is the chance of someone else inventing what you have invented?
- Would a market position bring a profit that would justify patent expenses?
- Will it be easy to identify the rights deriving from the patent?
Depending on the answer to these questions, the most appropriate decision will be made regarding the filing of the patent application.
Source: OSIM Publishing House - Let's invent the future -