Note that this post is based on free audio CD, titled How to Make Your Patents a WMD- Weapon of Market Domination. If you want a free copy of the audio CD click here.
Now that you have an idea of what rights a patent (see Rights Obtained with a Patent) will provide you, I will discuss the major economic reason for obtaining a patent. You should not be interested in non-economic awards, ego-boosters or that-a-boy reasons for obtaining a patent. But if you are, you might as well quit listening this program now. The single most important reason for obtaining a patent is to obtain a market advantage that generates dollars. The fact that a patent provides you a property interest in an area of technology should give you some marketing advantage. For instance, the patent might prevent your competitors from offering a certain feature and this feature means you sell more of your products or services or a patent might lower your manufacturing costs or raise your competitors and now your margin is higher or you sell more products because you can sell for less. Read more »
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- Sarbanes Oxley – The Medicine is worse than the Disease: Part 1 Background
- AIPR Speaks Up For Inventors on Patent Reform
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- Patent Delay Strategies, Inventor’s Notebook and Provisional Patent Applications
- News Release from American Innovators for Patent Reform
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- Cost and Timeline for Patents