A patent is a legal tool which provides its owner with the right to exclude others from making, using or selling an invention. The power of a patent is limited in duration to about 20 years and limited in territory to the country or countries in which it is granted.

The power of a patent is:

• gaining and holding market share
• freedom from price competition
• royalty income without manufacturing or distribution costs
• accessing your competitor's technology inexpensively by cross licensing
• negotiating from strength, by controlling key technology
• converting skills, talent and brainpower into tangible assets.

A good patent is one which clearly describes and claims an invention which is distinct from any similar invention.

A great patent goes further than this. Great patents are drafted to account for factors such as:

• your competitors and how they compete
• the alternatives to the patented technology, now and in the future
• how infringement may be detected in a market
• what the commercial versions of the patented technology will look like in a few years time
• the identity of the most likely infringer
• the different ways to view an invention.

Molins & Co. can help you get the kinds of patents you need to create business opportunities.

[ top ] [ home ]