Requirements for Getting a Patent
People are not allowed to copy, manufacture, selling, or important your own creations without your permission if you have patent protection. 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. And, you are given a pre-determined period to establish your trade and keep others from entering the same pursuit though they are financially capable.
Patent is a very valuable tool yet it is not a guarantee to success. So before you invest thousands of dollars in securing a patent, there are steps you should take to ensure that it is a smart business move. For after all, rarely do patent products ever make it to market.
So before decide to have you invention patented, make sure to evaluate your idea first and see if this invention has a viable commercial value. What you need to do is to understand you product, your target market, and similar products in the market. You should go beyond gut feeling and the encouraging comments from your friends and family. A solid market research and attention to product development will give you this understanding.
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. The primary goal of the search starts with a pry-at search also known as keyword search 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.
if you need someone to help you in the task, you can hire an expert to do so.
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. If it is too small, your product may not be commercially viable.
The cost of manufacturing consequently must be determined. Determine whether the production cost is less than the price the market is willing to pay for it.
Once all these are determined, there are no roadblocks to commercial success, then it is time to consider whether or not you need a patent for it or not.