The Key Reason Why You Have to have a Patent Lawyer and Patent Protection To One’s Invention
Types of intellectual property involves patents, trademarks, copyrights, trade secrets and many more. Safeguarding “intangible” or “intellectual” things from the brain is called “IP” or intellectual property. This is compared to “real” property which is regarding real estate property. To break it down simply, patents safeguard inventions, like that new kitchen device, the novel on-line software, or one of a kind health-related device for example that an inventor has made. Trademark, on the other hand, is good for branding purposes just like Nike being the trademark for their shoes, it also shields the logo or the brand itself of the invention. However, several of Nike’s novel shoe designs are guarded by several patents.
Why then is getting a patent through a patent lawyer significant? For several purposes. To start with, pitching your invention to corporations, marketers, or investors because you are a small inventor. A main concern is ways to safeguard the invention, and what will prevent people from stealing the concept. You’ve got two alternatives to protect your invention: patent protection and/or a nondisclosure agreement (NDA). A contract that makes the other party never to disclose to other people what you’re disclosing to them by the inventor and another party is known as an NDA. But an NDA, often ambiguous as to what ever is being revealed, has it’s disadvantages, usually many organizations will refuse to sign it. Additionally, the NDA is only as good as the other person that signs it.
Patents in contrasts can be a considerably stronger right that enables the patent holder to sue infringers in court also to seek an injunction and damages, and sometimes of willfulness infringement, triple damages through a patent lawyer.
In addition, you can license an issued patent to allow other individuals the right to use what is guarded by the patent, or you could sell off the whole property. When you grant others a license you can get patent royalties which can be very significant if negotiated properly. Also, owning a business with patents and trademarks can greatly increase the value of your business if ever you want to attract investors or sell it.
Other things to consider, for marketing and advertising functions having a “patented” product, or possibly “patent pending” product adds so much credible to the organization and the product or service alone in the mind of many consumers.
And last but not the least, if you want to sell off the invention to big businesses, you must have a “patented” product or service or idea. One example is, many large organizations have invention submission sections, but they’re not going to even look at your idea and will in fact give back your idea to you if you do not have either an issued or pending patent. GM for instance frequently will refuse any new idea from outside the corporation when there is simply no patent in place.
So ensure that possessing a patent protection is done correctly by proficient and certified patent lawyer, if you are prepared to move forward. Here’s more, you can get a free appointment, for more info.
Cohen IP Trademark Law Group
9025 Wilshire Boulevard, Beverly Hills, CA 90211
(310) 288-4500
cohenpatent.com
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