Applying for and renewing a patent
can be expensive and take a long
time. Before applying for a patent you
need to consider how commercially
successful your invention is likely to be
and how quickly you will be able to get
it on the market. You should also think
about the likely costs of developing,
manufacturing and marketing your
invention. It may be worth considering
one or more of the other ways of
protecting your invention .
However, being granted a patent creates
an intellectual property right which you
can sell, market yourself or lease to others
and collect royalties – although it does not
mean your invention will automatically be
commercially successful.
can be expensive and take a long
time. Before applying for a patent you
need to consider how commercially
successful your invention is likely to be
and how quickly you will be able to get
it on the market. You should also think
about the likely costs of developing,
manufacturing and marketing your
invention. It may be worth considering
one or more of the other ways of
protecting your invention .
However, being granted a patent creates
an intellectual property right which you
can sell, market yourself or lease to others
and collect royalties – although it does not
mean your invention will automatically be
commercially successful.
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