Innovation helps us all. Your hard earned invention can help millions of people live better lives or function and operate easier.
Whether it is a Medical Device Invention or some other form of business, personal, or lifestyle invention you want to make sure that you follow the right steps to protecting it.
Thousands or even millions of dollars can be wasted if the necessary steps aren’t taken to ensure you’re protected.
Therefore, you want to make sure that you put these three things in place before, during and after filing for your patent application.
SEARCH EXISTING PATENTS
Rejections from the United States Patent Office can be expensive. Sometimes an invention can be very unique but at the same time have some elements that infringe on the patents of others already filed.
Therefore, you want to make sure that you minimize that possibility by performing a thorough search on each and every patent before drafting it.
This gives you a better idea on how to properly position and optimizes your technology early on, thus preventing unnecessary and expensive rejection costs.
When you plan ahead early, you will have the ability to also be aware during your development so that you won’t be wasting precious time in the initial phases.
STAY AHEAD WITH DEVELOPMENTAL IMPROVEMENTS
During the development and patent process, you want to make sure that any newer improvements to your technology is also covered in your inventions patent.
This allows you to comfortably and confidently develop your product knowing that it’s fully protected.
This also gives you room in your budget due to the fact that your filing is provisional and therefore doesn’t require you to file a brand new patent from scratch.
MANAGE YOUR NEWLY PATENTED ASSETS
Once a patent is finally allowed or accepted, there are many things that you must do to stay organized to optimally manage your assets. Typically an expert IP firm can help you manage your patents with various organizational activities.
They can do things such as docketing and infringement insurance, sourcing of design and engineering talent as well as help identifying and reaching out to sources of much needed capital.
Typically for small businesses, these are resources that are much needed to continue to grow and advance.
When you’re in the process of licensing your product, you want to make sure that your organizational items are taken care of with a great management service.
For more information on protecting your patent, visit www.gordinip.com
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