A Quick Overlook of Technology – Your Cheatsheet

Requirements for Getting a Patent

People are not allowed to copy, manufacture, selling, or important your own creations without your permission if you have patent protection. As inventor or creator you receive the fullest benefits of your invention, and you are protected from the costs that you have invested, both financial, and time that you have invested to develop it. You are then given a pre-determined period to allow you to have enough time to establish your trade and keep others who are financially capable from entering that pursuit.

It might be very useful to patent your creations yet it is not the main thing that will make you successful. So, before pouring out your money in securing a patent, you need to take some steps to make sure that this business move is a smart one. For after all, rarely do patent products ever make it to market.

So before decide to have you invention patented, make sure to evaluate your idea first and see if this invention has a viable commercial value. To help you do that, you have to understand your product, your target market and what other products are available that is serving the same market. This information goes far beyond your gut feeling and the encouraging comments that you receive from friends and family. A solid market research and attention to product development will give you this understanding.

You product has to be unique, something that is not anything similar to somebody else’s patent. Government records can be searched in order to find out if there is a patent for a similar product. When you search these government records make sure you check the keywords for every possible concept of the invention. Then after the pry-at search, the freedoms to operate search which has something to do with the protection period of the patent. Here you can make sure that your idea is free and has not been patented by anyone.

Hiring an expert to help you in the task is much better than doing it all by yourself.

You need to also determine your product’s functionality by developing a basic prototype or model. It is here where your product is also tested and reworked as necessary until an acceptable model is finally achieved.

If you now have a perfect model, you can start to define you market and determine how much large the market is. A very small product might not be viable commercially.

Next comes determining the cost of manufacturing the product. Determine whether the production cost is less than the price the market is willing to pay for it.

Once all these are determined, there are no roadblocks to commercial success, then it is time to consider whether or not you need a patent for it or not.