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12 May 2017
The concept of patents can be traced back towards 14th century plus it doesn't has consistently evolved over time. Carrying out of patents was introduced to encourage innovators by awarding exclusive rights over-the-counter improvements in technology made by these guys. In essence, a patent is a set of exclusive rights granted any country in exchange for a public disclosure of their invention. The rights granted to a patentee, in most countries, include, the right to exclude others from making, using, selling, importing, offering for sale or distributing the patented invention without permission of the patentee. This set of exclusive rights is granted for a smallish period of time, and in many the right is limited to 20 months and months.

The exclusive rights granted to a patentee have business impact, some that are listed below:

A patentee gets the liberty to enjoy monopoly in the patented invention for 20 years

A patentee can monetize his patented invention by selling or licensing out his rights, in accessory for other ways of monetizing

Engineers and scientists can access a wealthy pool of patent information and improvise on existing technology

Competitors could have to create non-infringing providers processes

The business impact of patents could be used develop the competitiveness of a legitimate income opporunity. A patent an idea wholesome, systematic and customized approach towards patents is required to use the power of patents to positively impact your corporate.

4 fold approach for enhancing competitiveness

Build a patent product idea fortress

Proactively safeguard your business interests

Respect others intellectual property

Intelligent ways to product and process development

Build a patent fortress

One of your approaches for improving competitiveness of an organization is by having product differentiators. Product differentiators are delivered by developing products will be technologically superior, has newer/better features or addresses specific needs clients. Sometimes, there usually will not be any changes which is designed to the product, however, companies might differentiate themselves from competition offering products at reduced value. This might be possible by making changes towards processes used in producing your handmade how to patent an invention jewelry. Such modifications made to the products/processes might be patent worthy. Hence, when a company feels that they have made some modification that may be patent worthy, it vital to contemplate the regarding having such improvements protected by a patent.


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