Do I Need A Patent?

By: Michael J Foycik Jr. 
The author is a patent attorney with over 28 years experience in patents and trademarks. For further information, please email at IP1lwyr@gmail.com, or call at 877-654-3336.

When – and why - do you need a patent?

You need a patent:

If you wish to stop others from copying your invention.

If you wish to protect yourself from competitors who may copy your invention and then try to patent it themselves.

If your product is in stores and you are challenged by a competitor who claims they have patent rights of their own.

If having a unique new product would allow you to set a much higher selling price.

If it is important to impress potential investors, customers or retailers.

if you want to stop illegal copies of your products from entering the U.S.

If you hope to sell your business for a profit. Patent rights are often the most important asset of a successful business.

If you hope to license your patented product to others.

And, there may be other reasons, in particular cases, for having a patent.

And, there's more! A patent is based on a patent application. Even before a patent application issues as a patent, the pending patent application can also give important benefits. These are as follows.

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