New technologies possess lot of future opportunities in terms of growth and revenue to the companies inventing them. However, no matter what invention you do, it cannot give you benefit until you get the patent rights for your invention. Thus, you need to hire a patent paralegal firm that can help you obtain patent registration for your invention. It secures the invention on name of person who invents it.
Patent registration gives you numerous advantages over your competitors that we will discuss later in this article. This article will also tell you how you can get patent registration service easily, so keep reading and add to your patent wisdom.
Also read: What is The Role of an Intellectual Property Paralegal?
What Do You Understand By Patent Registration?
Patent registration is the process of applying for and getting legal rights for your invention. These rights are given by none other than government established patent office of your respective region. Once you get the patent rights for your invention, it gets secured.
It means no one else can use your patent without your license. You can also sue the infringer who even then also tries to register or use the patent similar to you. However, you should note that your patent rights remains valid only in the region of the respective patent office that gave you registration.
Such as USPTO and EPO grants you patent registration to be used only in USA and EU respectively. If you want to assert your patenting rights all over the world then you must apply with international patent office.
Also read: Patent Prosecution Process: An Overview
BENEFITS OF PATENT REGISTRATION
Now you know “what it means” let’s move to why you should invest in patent registration? As it is a costly affair and if you don’t see any benefit you should not invest in it. Thus following points will tell you the need to go for patent registration –
Keeps Your Competitors Away From Market:
As stated earlier, patent registration makes your invention exclusive to yourself. It means no one else can file the claim for an invention that you have already got the patent for. Thus, it gives you the legal rights to sell, make, produce, use and license your patent the way you want.
In fact, the moment you file the patent application for your invention, the patent office secures your invention for 12months i.e. no one else can file the claim for the same invention for next 12months.
Gives You Revenue By Monetizing It:
Patent registration gives you ample opportunities to earn revenue from your invention. You earn more revenue from the market by launching the new patents (products) which your competitors don’t have. You can also sell the license of your patent to be used by some other company in lieu of annual monetary compensation given to you. If you find anyone infringing your patent rights you can take legal actions against them, or you can settle the case with a monetary compensation given to you by the infringer.
Patent Watch Service Helps You Decide Future Plan:
Once patent registration is done, your patent is now in official domain. Hence, you can monitor the patents filed all over the world similar to your technology. It will give a picture of market competition you are going to face in future. Thus, using this you can easily make strategies of R&D i.e. whether you need to invest in R&D of your patent? Or you should develop a whole new technology? It will keep you a step ahead of your competitors.
Also read: Taking Paralegal help for Patent Search
How to do Patent Registration Of Your Invention?
Patent registration comprises of different processes. You need to follow all these steps sequentially with as per the rules of patent office of your region. Any mistake in any step will invite the office action and your patent will be rejected by the examiner. But you also receive the reasons for rejection and the last date to refile the application again. So rectify it and file again till you get the patent for your invention.
Few reasons that invite office actions include non-novelty of invention, incorrect patent drawings, improper patent application draft, non-applicability of invention etc.
Following are the steps to follow during patent registration –
- PRIOR-ART SEARCH
- DEVELOPING PATENT DRAWINGS
- DRAFT OF PATENT APPLICATION
- FILING THE PATENT APPLICATION WITH PATENT OFFICE
- PATENT EXAMINATION
- RECEIVEING OF RESULT (EITHER ACCEPTED OR OFFICE ACTIONS)
- RESPONSE TO OFFICE ACTIONS
- FINAL HEARING
- APPLICATION ACCEPTED
- PUBLISHING OF PATENT IN LOCAL JOURNALS
- IF NO OBJECTIONS RECEIVED, GRANT OF PATENT RIGHTS (PATENT REGISTRATION COMPLETED)
Patent registration is a time consuming process and very complex too. Thus, if you don’t have any familiarity with it then you might be wasting your time with full surety of office actions standing on your door. So, you need a professional help to get you go along with easy patent registration for your invention. And we “Patent Paralegal Force” feel very happy to be able to support you.
Choosing us you get the patent filing experience of over a decade. Our 20+ technical and legal matter experts come from 300+ technological domains. Working with clients interests first, our goal is to minimize your expenses and maximize your returns. Getting you certificate is not our only goal, but to make you earn from the patent is our aim. Read our services here.
Other related Articles:
Patent watch for effective business decisions
Role of biological sequence search