When acquiring a patent for a prototype design, you will need a patent services agent as well as an attorney that will entail costs. These agents ought to be trained to effectively get the approval of the examiners. They must be professionals having much-needed skill in the area of IP services.
Hiring the services of a lawyer will certainly cost you, but you need their services to attend to the complexity of the principles as well as policies.
Certainly, in applying for a patent, you must submit your novel invention or plan, payments for the application itself, and, if needed, you are to submit to a working copy. You must also completely fill out the suitable application form and pay the charges. You might be asked to present an authentic model of your invention or design.
Remember also to provide drawings along with descriptions of the invention or idea. Specify the advantages and the feasible modifications that may be done with it.
The process may take a few years to get finished. The process is long for the reason that the examiner will inspect your submission in detail.
“How would I know if my idea can deserve a patent?” you might ask. It must be original and innovative. Some deem that what they’ve got is a first. But this isn’t usually the case. It must be a fresh invention indeed, something that others haven’t thought of or done yet.
Requirement of patent laws
A patent gives an inventor exclusive legal rights on his creation and also for the process of production that his invention would require. It got an important role to undertake in the commercial world as it encourages innovative ideas and fresh creations.
When a person creates a new thing that is exclusive and has commercial viability, he would not want it to be indiscriminately used by others for their own personal benefit. However, when you discuss your invention in public or engage in promotion of the product, some infringement of your right over your invention may happen. It is here that patent laws come into the picture.
Patent laws permit the manufacturer or inventor to make exclusive use of the product or the process for his own commercial benefit for a certain span, after which the patented invention or process turn out to be a part of the public domain.
Patents are most significant in a scenario where the product, which has been invented through hard labor and skills of a person or a group, has good potential in the market due to some unique advantage that it provides. The legal protection granted by a patent inspires people to come up with more novel ideas and inventions, as it ensures that they will be well rewarded for their work.
Benefits of patenting an invention
The most important benefit of a patent is the legal acknowledgment of an inventor’s authority over his innovation. Many original inventions can fetch good profits for the inventor, and if they are misused by unscrupulous people, the inventor will lose his fair rewards that can be earned through commercial production and marketing of the invention. In other words, patents allow the inventor to harvest the benefits of his expenditure and efforts in the product in terms of monetary gains for a specific span of time.
Another benefit of a patent is that it enables the inventor to successfully recover the costs incurred in developing his invention. The inventor can make good profits on his investment by selling his invention in the market without facing the threat of competition while the patent lasts when no other individual is permitted to manufacture or sell that product.
An inventor can also be deprived of his due share of acknowledgment for his invention if malicious persons steal his product and promote it as their own. This will not happen if the invention is patented.
Patents play a significant role in the commercialization of a prototype design. You might be needed to discuss your invention in public so as to gather responses to improve upon your idea and make it commercially viable. Hence, several people will come to know about the invention and you will need to legally deter these people from making wrong use of your idea.