Patents are an exclusive right granted for an invention that is new, involves an inventive step and is capable of industrial application.
The patent grants the holder the right to prevent third parties from manufacturing, using, selling, or distributing the invention without authorization, for a specified period.
This right aims to encourage innovation by allowing inventors to commercially exploit their creations.
A patent maybe granted for inventions that meet the criteria of novelty, inventive step, and industrial applicability. In contrast, a utility model offers protection for innovations that involve practical improvements to objects or tools, generally with a lower level of inventiveness than a standard patent.
Patent searches are essential to assess the originality of an invention and ensure that no existing patent could block the grant of a new one. This process involves analyzing previously registered patents to determine whether the invention meets the legal requirements for patentability.
Patents protect technical inventions that provide an innovative and useful solution to a specific problem. To obtain a patent, the invention must comply with legal and technical requirements. The registration process includes conducting prior art search and submitting a detailed application to the relevant authority.
The utility model is a simpler and quicker form of protection, aimed at innovations of lower technical complexity, which result in a functional improvement of existing products. Although the protection period is shorter than for patents, it still grants exclusive rights over the invention.
Patent enforcement involves legal action to protect the invention against unauthorized copying, imitation, or infringement. This may include initiating judicial or administrative proceedings against parties using the invention without permission.
International patenting refers to the process of filing in multiple jurisdictions ensuring protection in foreign, European, or global markets. This can be achieved through systems such as the European Patent Convention (EPC) or the Patent Cooperation Treaty (PCT).
Patent watching is vital to safeguard the exclusive rights of the patent holder. It involves continuous monitoring of registered patents in the market to identify potential infringers or competitors developing similar innovations.
Patent portfolio management involves organizing and optimizing a company’s or individual’s registered patents. This includes analyzing the existing rights, assessing their validity, relevance, and commercial value, and making informed decisions on maintaining, transfer, or abandonment of rights.
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