Considerations to Get a Patent
With patent protection, you have the right to prevent others from copying, manufacturing, selling or importing you original creation without your permission. You are not only protected from the financial cost and the cost of time in researching and developing it, but also allows you to reap the fullest benefits of that invention or that innovation. You are then given a pre-determined period to allow you to have enough time to establish your trade and keep others who are financially capable from entering that pursuit.
The simple fact is, a patent is a very valuable tool – but it is hardly your number one docket to success. Securing a patent can cause you thousands of dollars, and this is the reason why it is important to take some steps to make sure that this is a smart business move. For after all, rarely do patent products ever make it to market.
So before you decide to move forward in patenting your invention, it is crucial to first evaluate your idea if your invention has a viable commercial value. To do this, what you need to understand first is your products, your target market, and the other products that are available to consumers that is serving the same market as you. You should go beyond gut feeling and the encouraging comments from your friends and family. You have to gain this understanding from a solid market research and a substantial attention to product development.
Make sure that you idea does not infringe on somebody else’s patent. What you can do is conduct a preliminary patent search on government records. Your goal in this search is to pry or to check the keywords where you pry on every possible pivotal concepts of the invention. Then after the pry-at search, the freedoms to operate search which has something to do with the protection period of the patent. Here you can make sure that your idea is free and has not been patented by anyone.
You can also hire an expert to help you in this task.
Next is to develop a basic prototype or a model to determine your product’s functionality. It is here where your product is also tested and reworked as necessary until an acceptable model is finally achieved.
If you now have a perfect model, you can start to define you market and determine how much large the market is. A very small product might not be viable commercially.
Next comes determining the cost of manufacturing the product. Determine whether the production cost is less than the price the market is willing to pay for it.
If you have found yourself a commercially viable product, then next decide if you will get a patent for it or not.