Requirements for Getting a Patent
People are not allowed to copy, manufacture, selling, or important your own creations without your permission if you have patent protection. With this you are also protected from the financial cost and the cost of time that you have invested and developed it, and it allows you to reap the fullest benefits of what you have invented or innovated. You are then given a pre-determined period to allow you to have enough time to establish your trade and keep others who are financially capable from entering that pursuit.
Patent is a very valuable tool yet it is not a guarantee to success. So before you invest thousands of dollars in securing a patent, there are steps you should take to ensure that it is a smart business move. For after all, rarely do patent products ever make it to market.
So before you decide to move forward in patenting your invention, it is crucial to first evaluate your idea if your invention has a viable commercial value. To help you do that, you have to understand your product, your target market and what other products are available that is serving the same market. This information goes far beyond your gut feeling and the encouraging comments that you receive from friends and family. A solid market research and attention to product development will give you this understanding.
Make sure that you idea does not infringe on somebody else’s patent. To do that, you should conduct a “preliminary patent search” on government’s records. The primary goal of the search starts with a pry-at search also known as keyword search where you pry on every possible pivotal concepts of the invention. Then after the pry-at search, the freedoms to operate search which has something to do with the protection period of the patent. This step will help ensure that your idea has not already been patented.
Hiring an expert to help you in the task is much better than doing it all by yourself.
Next is to develop a basic prototype or a model to determine your product’s functionality. It is here where your product is also tested and reworked as necessary until an acceptable model is finally achieved.
If you now have a perfect model, you can start to define you market and determine how much large the market is. A very small product might not be viable commercially.
The cost of manufacturing consequently must be determined. The production cost should definitely be less than what the market is willing to pay for it.
If you have found yourself a commercially viable product, then next decide if you will get a patent for it or not.
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