Should I patent an idea for a new device or process as soon as possible to prevent a competitor from stealing it?
There are number of considerations that must go into the decision to patent an idea to where it makes the most sense to do so. Patenting is not cheap and not always the most suitable method to protect your inventions and innovations. It is important to consider the merits of each situation to arrive at the best judgment. • When I patent my invention can I prevent others from making it? Not exactly. The intent of the patent system is to spread technical knowledge beyond the mind or company of the inventor. However, those who chose to use the concepts in a patent are obligated to pay the inventor for the right to do so at a fee agreeable to both. This can allow inventors to gain from other companies commercializing their inventions. However, the presence of a patent often results in competitors avoiding the described method to prevent litigation and its attendant costs. • If I catch someone using my patented invention, I can take them to court and shut their operation down? The aim of mo
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