What is a patent?
A patent is a document which publically discloses an invention and if designed properly, it can provide you legal protection against unauthorized use. Patents can be bought and sold. Therefore, the owner of the patent may not be the one who has invented it. You visit our website now for the details.
In Canada only registered patent agents are allowed to give applications before the patent offices for obtaining patent approvals and only registered trademark agents are allowed to represent owners to obtain trade-mark registration in the trademark office.
If you are somewhat serious about your idea and want it to be recognized as an invention, then it is important to register it as a patent in a Canadian patent agency with the help of Canada patent agents.
Without the idea being patented, there is a possibility of it to be stolen by someone and therefore there is the need for it to be registered with the Canadian patent agents.
Do you want to patent a new idea?
Actually a product or a service cannot be patented. It is the idea or the innovation behind the invention which can be patented.
What are the benefits if you patent a product?
- Protection and exclusivity of the product:
- The most important benefit of patenting the idea is that no one can use it to create a similar product using the same idea.
- This helps in the exclusivity of the product as the product remains only to you or the person you told to produce the product.
- Additional revenue:
Additional revenue can be generated using the patent by licensing the patent to other companies. You can always license it to people other than your competitor. This can be done in other fields which can help you gain recognition in other markets as well.
- If the licensed patent is not generating revenue, then you can re-license it somewhere else or you can sell the patent to create additional revenue from it.
- Prevention is better than cure:
If you do not patent your idea and see that in two or three years, someone else is using the idea to make a product, then you might regret the decision of not patenting the idea. So you should patent the idea before time.
Which questions arise before you patent your idea?
- Do I have to discuss my invention idea with anyone?
Yes. You do need to discuss your idea to find it out if it is already patented or not. To find out if there is a product with the similar invention in the world and if there is a good commercial potential if the idea is patented.
- How can I discuss my ideas without the fear of losing them?
Keeping a non-disclosure or a confidentiality agreement with whoever you discuss the idea that they should not disclose the information to anyone.
- When is the invention fit for patenting?
There are two things which come with this. One is that the innovation should have the proper attributes to be patented and second that there should be a considerable market potential of the innovation.