The concept of patents can be traced back towards 14th century and yes how do you get a patent it even has consistently evolved over time. The concept of patents was introduced to encourage innovators by awarding exclusive rights the actual improvements in technology made by these guys. In essence, a patent is often a set of exclusive rights granted by a country in exchange for a public disclosure of their invention. The rights granted to a patentee, in most countries, include, ideal to exclude others from making, using, selling, importing, offering for sale or distributing the patented invention without permission of the patentee. This set of exclusive rights is granted for a smallish period of time, and in most cases the right is restricted to 20 months and months.
The exclusive rights granted to a patentee have business impact, some that are listed below:
A patentee gets the liberty to enjoy monopoly in the patented invention for 20 years
A patentee can monetize his patented invention by selling or licensing out his rights, in addition to other methods for monetizing
Engineers and scientists can access a refreshing pool of patent information how to patent your idea and improvise on existing technology
Competitors will have to create non-infringing providers processes
The business impact of patents could be used develop the competitiveness of a legitimate income opporunity. A wholesome, systematic product patent and customized approach towards patents is crucial to make use of the power of patents to positively impact your sector.
4 fold approach for enhancing competitiveness
Build a patent fortress
Proactively safeguard your business interests
Respect others intellectual property
Intelligent procedure product and process development
Build a patent fortress
One for this approaches for improving competitiveness of a service is with product differentiators. Product differentiators are caused by developing products that happen to be technologically superior, has newer/better features or addresses specific needs buyers. Sometimes, there perhaps may not be any changes intended to the product, however, companies might differentiate themselves from competition by products at reduced value. This might be possible by making changes towards the processes used in producing employs a powerful. Such modifications meant to the products/processes might be patent deserving. Hence, when a company feels the player have made some modification that end up being patent worthy, it is important to contemplate the idea of having such improvements protected by a patent.