Things to Consider Before Registering a Patent
When it comes to getting a patent, we often see inventors employing haste. In their haste, they end up missing some important considerations, which obviously does more harm than good to their cause. Here are some of such considerations that need to be made before registering a patent:
The Invested Capital
If you have to spent lots of time and money into the development of an invention, then you would obviously wish to protect it from the hands of your competitors. It is because you are bound to incur heavy financial losses in case your invention gets stolen by your competitors. This is the reason why it is recommended for you to get a patent, under such circumstances, owing to how the patent will mitigate the risk of theft of idea, process or the invention itself.
Patents Don’t Necessarily Have a Financial Value
Are you of the perception that patents have got to have some financial value? If the answer is yes, then you are mistaken. Unless you are operating in the biochemical and pharmaceutical industries, there is a high chance of your patent having no real value at all. According to a study conducted in 2005, more than half of the combined value of all patents lies in less than one percent of all of the patents.
What this means is that when making the decision to register the patent, you need to be certain of the fact that the potential of making a profit off of the patent will outweigh the time, money and effort that you will need to put in to get it registered.
You Can’t Patent Something That’s Not Novel
When considering registering a patent, you need to be certain if your invention is actually an “invention” or not. What this means is that before wasting large amounts of money and time on the registration of your patent, you need to ensure that nobody else has already come up with your invention. For this purpose, you can make use of the internet and the various patent databases that are available. Enough stress cannot be laid into this, owing to how all of your efforts will be wasted if you don’t check beforehand.
Also, if you ended up getting the grant of a patent, but it was later discovered that your invention was already known, then that would result into the invalidation of your patent.
There’s Professional Help Available
Did you know that you could always consult a patent attorney for the purpose of increasing your chances of getting a patent? A good patent attorney will help you in the proper drafting of your application which, in turn, will increase your chances of getting the patent manifold. However, one thing that you should note is that patent attorneys charge for their services. What this means is that you need to be sure of the fact that it is worth getting your invention patented in the first place. Some patent attorneys, however, provide the first consultation free of charge as well, so you can take advantage of that too. Whatever the case might be, you need to ensure that you end up getting the best deal for your money.
What Makes Your Invention New
We have already talked about how important it is to determine whether your invention was already public knowledge or not. However, it is of utmost importance for you to have a firm grasp on what makes your invention different from all of its related products. Regardless of whether you added or removed a part, the fact of the matter is that your product needs to be significantly different from its related products. This will not only give you an idea of the truest value of your invention, but it will also ensure that you know exactly what makes your invention novel.
For a utility patent application, no other publication, product or technology can contain all of the components of your invention. The matter of proving novel can, obviously, be pretty tough, requiring you to spend extended hours at the patent office in negotiations. This is the reason why it is so important for you to know exactly what makes your invention: you need to convince the patent officer to look at things with the same perspective.
As you have just seen, there are a number of things that need to be considered before you get your patent registered. It is advisable, therefore, for you to put great thought into the matters posed or to hire a patent attorney to take care of the matters for you!