How companies use patents

Tran & Associates Profile Image

Tran & Associates

Santa Clara, CA

The Constitutional Basis of Patent

The Constitutional basis for the federal patent and copyright frameworks depends on the Constitution of the United States Article 1, Section 8, clause 8, which states: “Congress shall have power . . . to promote the progress of science and useful arts by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries.”

A U.S. patent awards the innovator "the right to exclude others from making, using, offering for sale, or selling" the inventor in the United States or "importing" it into the United States. It encourages innovation by rewarding people for their creativity. As Abraham Lincoln once put it, "The Patent System added the fuel important to the fire of genius."

Patentability is the right of a person to protect his original invention from competitors who might come up with similar but cheaper products within the same technological area. This is a legal protection granted to an inventor who has applied for a patent for his invention. Patents provide the inventor with exclusive rights to the use, manufacture, sale, importation, assignment and the right to make the product. The main aim of a patent application is to provide protection for the inventor from acts of infringement by other entities in exchange for teaching the world about innovations.

Patentable items include discoveries, improvements, innovations, processes, formulas, improvements and designs. Utility patents are those types of patents which are usually filed by technological-oriented startups seeking monetary rewards. They protect innovations that are useful, new and non-obviously alike from those who might make them compete with the ones they have patented. This kind of patent ensures the inventor a source of revenue for any future commercialization efforts. For instance, utility patents can secure the right of a manufacturer to sell medicines containing ingredients that have not been disclosed, or to design and develop a chemical formula that is too highly innovative to be copied by another party.

The Role of The U.S. Patent and Trademark Office (USPTO)

The U.S. Patent and Trademark Office (USPTO), a part of the Department of Commerce, oversees patent and trademark laws identified with granting licenses for utility invention, designs, and plants, and the issuing of trademark registrations. Specifically, the USPTO explicitly looks at applications for patents to decide whether the candidates are qualified for patents and awards it on the off chance that they are.

The USPTO additionally publishes issued patents; affirms trademark registrations and different publications concerning patents and trademarks; records tasks patents and trademarks; and keeps up search rooms and a public network of Patent and Trademark Depository Libraries. The general population utilizes these libraries to contemplate granted patents, enrolled trademarks and pending applications and records that are identified with the two patents and trademarks. It likewise gives duplicates of records and different papers.

The Ultimate Benefits of Patent

Inventors are distinguished every year by numerous associations as being critical to modern life. A patent works to protect your innovation and related venture. Here are a few instances of advantages:

● As the patent proprietor, you can block others from making, utilizing, or selling your creation all through the United States.

● As an industry develops and acquires value, a key patent can likewise increment in value over time.

● A patent can increase organizations' value, including startup since it is viewed as an important resource by investors, banks, and prospective buyers of your business.

● There are numerous approaches to monetize your patented product, item, or service. You may sell or permit your patent to parties for royalties, or you may decide to be the exclusive producer of your invention.

Patent Law Office Remains on the Edge

Perfecting its patent quality review methodology, Patent Law Office has launched its exclusive client service portal meant to make the application procedure swifter and smoother during the pandemic. Flaunting the prosecution procedures to gain broadest possible claims granted in the lights of best licensing practices and evolving case laws, The Patent Law Office employs the best IT system to serve its patron

With its two decades of expertise, The Patent Law Office sets the benchmark for patent application services across the nation. In fact, by making the application process automated, The Patent Law Office saves innovators' precious time to gain rights, empowering them to take care of their 'innovation' rather than fretting over legalities involved in filing a patent. The attorneys utilizing the top AI methodology to proffer exceptional patent prosecution services that work in the 'best interest' of the innovators.

As innovation is the

backbone of the 21st century, modern era, Bao Tran, with his vision

behind the Patent Law

Office, desires to promote innovations and support innovators by protecting

their innovations.

Get Professional Help

Talk to a Intellectual Property attorney.

How It Works

  1. Briefly tell us about your case
  2. Provide your contact information
  3. Choose attorneys to contact you

Talk to a Lawyer

Need a lawyer? Start here.

How it Works

  1. Briefly tell us about your case
  2. Provide your contact information
  3. Choose attorneys to contact you