Why Should I Patent My Invention?
Good question! Being able to commercially exploit your invention is essential to ensuring that youÂ are rewarded for the time and expense in creating something which is novel to the particular art.Â However, where there is money to be made others will seek to profit at your expense.
Patent protection provides you with an exclusive right to prevent third parties from using yourÂ invention. Similarly you can ensure those who exploit your invention with your permission do soÂ under your terms. A patent will also place you in a stronger position should you need to take aÂ particular matter before the court, infringement of your patent may entitle you to damages. InÂ many situations litigation is the last resort and the mere fact that you have a Patent registeredÂ at the Patent Office will be sufficient to deter potential infringers.
Once you have secured your patent, you become the proprietor of the ÂpropertyÂ. Like any otherÂ form of property the property can be bought, sold and licensed.