A patent is the grant of an exclusive property right to the inventor to prevent others from exploiting or using his invention without his permission during the life of a patent. Nevertheless, being awarded a patent has its challenges. A patent is granted to the invention which satisfies certain conditions of patentability, including novelty, non-obviousness, and industrial application.
Importance of a patent
The significance of patenting the invention comes down to protection. Here are some of the core reasons to patent the invention:
• It provides the exclusive rights to the inventor to prevent others to use the invention for 20 years.
• It stops others from commercially benefitting from the patented invention, reducing competition and allowing the inventor to establish in the market as the distinguished player.
• In case the inventor does not want to exploit the invention, he/she can sell or license the rights to another individual or enterprise which would bring royalty and revenue to the patentee.
• The investors, business partners, and shareholders may recognize patent portfolios as proof of expertise and specialization. This brings goodwill to the image of the individual or organization.
Tips for Effective Patent Draft
The foremost milestone in getting a patent grant is the development of the precise and concise patent draft. The idea of the application is to portray the innovation in an elaborative yet precise and in easy language. So, one can’t afford to go wrong in any part of the draft.
Let’s see some tips to prepare a draft for a patent grant:
• Detailed yet Specific
Write the application in such a way that it contains all the information and is to the point too. The draft should portray the technical details, background, and drawings in such a way to avoid ambivalence at the time prosecution.
• Claim Clarity
The building foundation of a patent application is the claim(s) as it describes the scope and novelty of the invention. Always write the claims first to refine the invention. Start with a broader scope of claims then move towards specific and dependent ones.
• Narrative Specifications
The specifications to be written in a way that the person with basic knowledge of the domain can understand it easily. Be mindful of not to deviate from the main objective of the invention while writing the specifications, always stick to the point.
• Follow Guidelines
Always follow the guidelines of the patent office under the jurisdiction in which the application is to be submitted.
Knowing the importance of the patent, you can contact Acematiks Business to get a patent application that can sail through the storms of legal proceedings.