The concept of patents can be traced back to the 14th century but it has consistently evolved over time. The concept of patents was introduced to encourage innovators by awarding exclusive rights the particular improvements in technology made invention ideas by children. In essence, a patent can be a set of exclusive rights granted any country in exchange for a public disclosure of their invention. The rights granted to a patentee, in most countries, include, the right 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 small period of time, and in many the right is proscribed to 20 months and months.
The exclusive rights granted to a patentee have business impact, some that are listed file a patent below:
A patentee gets the liberty to enjoy monopoly the particular 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 wealthy pool of patent information and improvise on existing technology
Competitors may have to create non-infringing providers processes
The business impact of patents could be used functioning . the competitiveness of an online business. A wholesome, systematic and customized approach towards patents is necessary to make use of the power of patents to positively impact your venture.
4 fold approach for enhancing competitiveness
Build a patent fortress
Proactively safeguard your business interests
Respect others intellectual property
Intelligent means to product and process development
Build a patent fortress
One of the approaches for improving competitiveness of a business is getting product differentiators. Product differentiators are resulted by developing products are generally technologically superior, has newer/better features or addresses specific needs clients. Sometimes, there perhaps may not be any changes designed the product, however, companies might differentiate themselves from competition by offering products at reduced pricing. This might be possible by making changes to your processes use within producing your handmade jewelry. Such modifications meant to the products/processes might be patent deserving. Hence, when a company feels may have made some modification that end up how do I get a patent being patent worthy, it is important to contemplate the involving having such improvements protected by a patent.