In the state of USA, a patent gives you the legal right to prevent others from using your idea without your permission, requiring them to either buy the patent from you or pay you a royalty fee. A patent, in other words, allows you to profit greatly from your idea or invention.
Once and inventor creates a product the first step should be to prepare a detailed description of the product for the filing process. When filing a patent, you are documenting and claiming ownership of the invention, similar to a title to a car or deed to a home. During the documentation process, sketches or detailed drawings should also be made for a clear understanding of any proprietary design.
It is important to correctly and accurately complete the patent process, not only to protect your product, but because the patent becomes a very valuable asset that can eventually be sold or leased. It is wise to consult a patent lawyer or a patent agency, such as InventHelp, prior to starting this detailed and crucial process.
Patents generally protect products or processes, which include new technical or functional aspects. They protect the ideas behind how things work. If you are spending money on research and development of new products or processes, then patenting should be on the cards.
Any company investing in R & D can not afford to ignore the power patents have in protecting this investment. Patent protection provides the possibility of obtaining a monopoly in the desired country or countries up to 20 years from the filing date for the invention as explained in http://www.sfweekly.com/sponsored/why-inventors-turn-to-experts-like-inventhelp/.
By patenting your invention, you can now also obtain significant company tax reduction through the Patent Box system. This could easily cover your initial patent costs.
