Patent, in some countries also refer to design and invention, provides exclusive rights to the right owners, which allows them to use and exploit their products. For most companies, this monopoly is the main reason for registering patent. Patent lays a solid foundation for business success, however, it can also have many other advantages.
Brings Additional Protection To Your Product
Different countries have different laws for patents, however, the common thing is, patents brings additional protection to your business. Compared to trademark, patent is in some ways more effective when protecting products. Especially for those emerging companies whose brands are not well known enough and draw customers’ attention by ingenious designs or innovative products.
By registering patent for a product, you can protect it from being copied or reverse engineered by competitors or infringers. A recent research shows that compared to those products with no patent, the odds of a patented product being counterfeited has reduced by 75%. Patents provide additional protection, enabling you to pour resources into the research, without worrying about infringements.
Earns You Competitive Advantage
Patent also protects ideas with potential benefits. Even if you are not planning to develop and commercialise your idea, a patent can always stop others from creating a product that may compete with your existing patent. It effectively blocking competitors out of your market and protecting your profitability. A strategy like this might have spared GoPro the pain of Apple’s action camera gambit.
Patent Your Idea With Serious Strike
Compared with trademark composed simply of letters and logo, it might be a little complicated to get your idea or product patented. Paperworks, drawings, classifications, dealing with the patent office… The process of patenting can be prohibitive and discouraging, however, the benefits are so considerable that it definitely worth a try - that’s what we do.
Serious Strike’s integrated patent service enables you to file your patent application easier than ever. With the professional guidance & advice provided by our team, entrepreneurs are now able to emancipated from red tape, and immerse themselves in what they are better at - such as researching and marketing.
