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Wednesday 28 January 2015

Patent Registration- Why it is useful for your business?

What is a Patent?
A Patent can be defined as a set of right, which is granted for an invention- a product or process which is one of its kind or delivers a new approach to a problem, for a limited time. A patent provides owners with exclusive rights to protect their products or idea from illegal use. The patents come under the umbrella of intellectual property.
What is the significance of Patents?
If a product or process is patent protected, then it cannot be commercially made, distributed or sold without the patentee’s permission. The owner of the patent reserves the right to decide who can use the patented invention during the period, on mutually agreed terms with the other party. The patent can also be sold to someone else, who then becomes the owner of the invention rights. As a patent is issued for a limited time period, the invention will be available for market use, when the patent expires.
Benefits of Patent Registration:
Exclusive Rights: The right to use, sell, and manufacture an invention reserve to the patented only.
Strong market position: Nobody can exploit, manufacture and sell a patented invention other than the owner, which makes the owner emerge as a forerunner in the domain, thereby enhancing market credibility.
Opportunity to sell the invention: A patent could be a great source of income, if the patented invention is commercialized to another enterprise.



Credibility among the business partners: A patented invention significantly demonstrates a high level of expertise and technological capacity of a company in front of business partners, investor and shareholders. This enables a company gain excellent market value.
Thus, no matter what type of business you hold, be it manufacturing of electric lighting, sewing machines, mobile phones and others, all you need to do is patent the design and process of the product to make it unique and to maintain your market goodwill.
Sterling Juris, a reputed Delhi-based law firm, introduces comprehensive Patent Registration services to big, medium, as well as small-sized enterprises. Our experienced patent lawyers do all the legwork for our clients from patent drafting, patent filing and coordination to patent prosecution to provide them with utmost satisfaction. Being a law-abiding company, we use authentic channels to get the patent certificate from the territorial jurisdiction to ensure transparency. Along with this, we provide legal services related to labor laws, Arbitration, and trademark registration for all types of businesses across India.
Original Source: http://goo.gl/bmYHFC

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