A patent is right or protection granted to an
inventor by a country, allowing the inventor to exclude others from making,
using or selling his or her invention in that country during the life of the
patent, “Joe Hadzima, senior lecturer MIT School of management”.
What
is business?
It’s all about getting things you want to do, your
passionate beliefs in life, the goals and objectives you desire to achieve in
future. Business makes things get done and it’s an effect to every part of
societies and communities. So all what you need to do, the better understanding
of what business is can help you to attain all your endeavors in life.
It is a tricky idea to keep aside of business news
and you don’t be aware of the common contested patent litigations nowadays. So
for example if you have a patent on a jug to hold milk, and I have a patent on
a handle for a jug, probably I can prevent you from putting a handle on a milk
cup and you can prevent me from attaching a cup on a handle and Currently Samsung
and Apple have been fighting over whether Samsung infringed a patent protecting
the popular iPhone design.
Innovation
and time difference of patents
The great gain of a patent and protection of
patent right is enriched in the constitution, that grants inventor the
exclusive rights to his or her discoveries in order to promote the progress of business
and the aim was that we should all benefit from the discoveries of other peoples’
innovations. To promote your business investments, you as an inventor of a new
business idea must ensure that you have been granted the exclusive rights to
manufacture, use, and sell or import those products for a specified period of
time.
There is need to be aware of obtaining a written “non encroachment” opinion
from an independent lawyer before introducing a product will help to overcome a
unruly contravention claim. Many companies have seen a patent portfolio as an
imperative issue to business even if they have not strategically planned the
program of enforcement litigations and believe that having a patent portfolio
allows them to settle claims against them by cross licensing.
Patents in business are vital in letting one to
allow someone else to manufacture his or her invention on agreed terms or take
legal action against people who may be using your invention without seeking you
permission as we put in mind that business is an undertaking of your beliefs,
protecting it more essential and if dealing with business partners, they should
first seek permission before producing the related products. Especially if you
are dealing with innovations that solve a long a bigger problem, they should be
given a greater financial reward by way of longer patent terms than those that
solve smaller less worrying problems.
For example the inventor of the cure of diabetes
may receive a patent lasting 15 years, as the one who develops software
applications saving people from computer mouse clicking as much as many times
when buying diabetes drugs online may receive a patent lasting 8 years. We have
to recognize that the patents granted to us for our business progresses are
vital and valuable, and people are enormously rewarded for their new inventions
and innovations in business.
For you want to protect the way your business idea
works then patenting is the best solution and the appropriate option to be
taken.
No comments:
Post a Comment