Benefits of Patent Protection

1. Benefits of Patent Protection In the advanced technological digital world, the need for patenting your product or service's invention has become mandatory to stay ahead of the competitors. Financial Projection Assistant Company and Startup IT Services in Delhi Startup Lab hence provides you with Company Registration, Brand Patent Registration, and Registered Patent Attorney Search acting up as a LLP Registration. The benefits that are derived from a patent might include the given below: Prevents theft of the invention Initially, the inventors and startups may seek a licensing deal. The invention must first be disclosed publically so that you could attract potential investors and licensee to evaluate the agreement. If the filing of a patent is not done, then the potential licensee or the investors not only reject the deal to invest or license but also might file their patent application. And in a situation as that the patent office, would award the patent and Grow Your Startup to the investors and not the real inventor.

2. Reduced competition In a way, patents act as a barrier to entry of competitors who are envisage enrolling the market for patented product or service. As the risk of infringement would be greater than the potential profits, they could gain. Also, patentees may declare their patents against competitors to direct them from offering a ready for action product or service. Expand market share The technology that's patented can be licensed to others of a geographical market or even a different call. For example, suppose your company is doing your business solely in Gurgaon. In that case, it can empower its patent rights to the other company with its market presence in a different geographical state. The patent may provide them with new licensor with a regular payment of royalty for the sale of the product. In addition to that, the patented technology can even be licensed to other companies of different technical field.