Requirements for Getting a Patent
Patent protection gives you the right to stop others from copying, manufacturing, selling or importing a novelty without your permission. You are not only protected from the financial cost and the cost of time in researching and developing it, but also allows you to reap the fullest benefits of that invention or that innovation. And, you are given a pre-determined period to establish your trade and keep others from entering the same pursuit though they are financially capable.
It might be very useful to patent your creations yet it is not the main thing that will make you successful. 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. This is because most patented products do not even 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 do this, what you need to understand first is your products, your target market, and the other products that are available to consumers that is serving the same market as you. Somehow the information you get here goes far beyond your gut feeling and the encouraging words given by your family and friends. This has to come from a solid market research and a substantial attention to product development.
You product has to be unique, something that is not anything similar to somebody else’s patent. Government records can be searched in order to find out if there is a patent for a similar product. 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. Here you can make sure that your idea is free and has not been patented by anyone.
You can also hire an expert to help you in this task.
Next is to develop a basic prototype or a model to determine your product’s functionality. Testing and reworking of your product follows until you are able to achieve that is acceptable.
Now you can define your market and determine how large it is after making a perfect dummy. If it is too small, your product may not be commercially viable.
Next comes determining the cost of manufacturing the product. Whether the cost to make is less than 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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