When a person makes an invention, the last thing that they would want is someone stealing their idea and presenting it as their own, or making money from it as their own. For this reason, it is important for people to patent their inventions, no matter how insignificant they might seem, because one day you might be surprised to find that it is worth millions of dollars. In this article, we are going to browse through some of the reasons for patenting your inventions.
When you file a patent application, you will have exclusive rights to your invention for the next 20 years from the date of application.
Strong market position
When your invention is patented, other people can’t use it to benefit commercially, and this means that there is reduced competition and you can establish your business as the pre-eminent player.
Higher returns on investments
Your company can have a higher return on investments for your creation since you have the exclusive rights.
Opportunity to license or sell the invention
A person can choose to exploit the patent by selling it or licensing the rights to other people, and this can be a great source of income.
Increase in negotiating power
You will have a higher bargaining power with your patent if your company is trying to get the rights to use another patent. This is because your patent could also be of interest to the other party.
Positive image for your enterprise
Patent portfolios can be perceived as demonstrations of great expertise by business partners, investors and shareholders, making it easier for you to raise funds, find business partners and raise your company’s market value.
Barrie Criminal Lawyer, Ted Yoannou
In the event that you find out that there is someone trying to steal your invention, and yet it is patented, then it is time for you to seek out the Barrie criminal lawyers to represent your case and help you fight for your right. The Ted Yoannou law firm lawyers are best equipped to sort out your criminal cases, since they have the relevant knowledge and experience to ensure that you win your case.
There are many criminal charges that you could be charged with, such as DUI, or being accused of stealing a patent when it is actually yours, and the route taken by your case could determine your future. You could either walk out an innocent person, or probably end up paying thousands of dollars in damages. Your company could even end up losing business and value due to unlawful accusations. In such an event, you want to go with the best criminal lawyer that you can find, and that is where Ted Yoannou comes in. he has years of experience dealing with similar cases, and yet he will work with you at an affordable payment structure. Ted Yoannou’s law firm will assess your case and let you know what they can do to either reduce the charges, or to completely eliminate them. They will stand by you throughout the whole case, giving it their best fight so that you can have the best outcome. If you’re looking for services like theirs, don’t just sit around. Visit their website and fill in the contact form. Alternatively, you can give them a call and set up an appointment so that you can find out how they can help your case.
Patenting of inventions is very important, no matter how insignificant they might seem, and when things don’t seem to be going right, you might want to get the best lawyers to represent your case. That is the reason we went ahead and reviewed Ted’s law firm.