Patent Protection – In a Nutshell

1. Blog: Cotsiscad.com PATENT PROTECTION – IN A NUTSHELL Inventing a new product or technology is not easy, and neither is protecting it from being stolen. When you come up with an idea, the very first thing you would like to do is to protect it, right? If we apply a little business point of view here - nobody wants their invented opportunity or “next big thing” to be cashed out by someone else. So it’s always better to patent your invention in order to safeguard it. By getting your invention patented, you draw limitations on use of ideas that are devised by you. You would be the sole owner of your invention. No one else can use, manufacture, or sell your product without your permission; and in case they do so, they have to face severe financial or legal penalties. Benefits of getting a patent don’t end here, you can also earn cash by licensing out your innovation to manufacture and sell it. There are number of businesses that make earning just by collecting royalties over their patented licenses. To get a patent you need to apply to your country’s concerned patent authority. Every country has different patent laws, but a common law requires an applicant to furnish patent drawings (also referred as patent illustration), these drawings are required to provide a detailed illustration of all the components used in an invention. In other words, whenever there is a need for a drawing to assist in understanding your invention – you call it a patent drawing. As said earlier, every country has different patent laws and procedures; so it’s always better to see a patent drafting expert before proceeding.