Patented Products give the owner immense power with regard to the protection of their product. Products that do not have patents are easy to steal and commercially manufacture. Manufacturers who have invested time and money in the formation of original ideas cannot let their products get handed over to others. Others will not have to go through the various design and production stages that the manufacturers did if the product is not patented. The patent forms a formal binding agreement that the idea cannot be replaced or copied.
Furthermore, violation of the patent can create serious problems. The patent delivers legal protection to a product that has never entered the market. Manufacturers gain the advantage of having a unique selling point. The patent owner holds the rights of importing, selling, manufacturing, and leasing the product. A product with a patent holds value in the market since no one can reach its manufacturing. Similar to other agreements, patents can also expire therefore the manufacturers must keep renewing them at all costs.
Conditions to meet before Granting a Patent
Holding patented products becomes the source of satisfaction for investors and manufacturers who have done a lot of research around the product. The patent granting authority or regional systems hold the authority of giving out the patents. Patents do not get handed out to every other product and the steps to gain them are crucial. You cannot demand a patent for a product that already exists in the market, this is a thumb rule. Moreover, the latest invention must compose of an element of originality. The authorities grant the patent according to the novelty of the product. The manufacturers will describe the product to the authorities and mention the new aspects within.
Furthermore, the product must abide by all socially acceptable norms. The product should not violate or offend any belief system. The patented products should include an inventive step. The inventive step is a non-obvious solution for a problem.
Authorities immediately grant patents to products that have created a solution for log troublesome problems. The non-obvious solution is a strong factor while demanding a patent. The Patents act of 1995 states the essential requirements for gaining a patent. The act further emphasizes the industrial applicability of the product; the product should have properties that are easy to replicate industrially.
The Disclosure of the Patented Products
One of the pre-requisites for gaining the patent includes full formal disclosure of the invention. The invented product becomes news however you may hold the rights for manufacturing. A patent attorney can simplify the legal matters for you and combine the requirements. People find it easier to pursue their patent case with the help of an attorney since hold colossal experience in this matter. Patent approval does not limit its distribution to physical products but this feature also extends towards the cyber world. Applications can also have patented rights. Gaining a patent is hard but the effort is worth gaining sole access to an invention you have spent time upon.