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10 Things You Should Know About Patents
All too often inventors and entrepreneurs spend so much time “creating” that they forget to protect the ideas and machines invented by their brilliant minds. A patent application protects what the inventor is doing and what he or she hopes to achieve in the future. Here are the top ten things you need to know about patents: Filing a patent makes it easier for you to attract investors. Investors love patents, and filing one gives you a competitive advantage. Timing is everything. Don’t file your patent too early, or wait until it’s too late. You must keep your product/ideat hidden or secret, file the patent, and then launch the product in the market. This process will protect your patent rights both in the United States and internationally. The United States is the only country in the world that operates on a “first to invent” system. In other countries, the right to the grant of a patent comes with the first person to file a patent application to protect a given idea or invention. You...
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