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Patent essentials for business owners: from patent to profit

Leonardo da Vincis inventions, such as this barrel spring, are old enough not to be patented and many, of course, were never produced.
Over the past decade, the economy has been experiencing an accelerated shift in the importance of intangible assets, such as patents. A patent for a novel medical device, an internet-based business method or a killer app sof......

Full article >>> ials are generally not patentable unless isolated from their natural state and modified in some manner.

Types of patents

There are three different types of patents: utility, design and plant. Generally, the most common and best-known type of patent is a utility patent.

A utility patent may initially be filed as a provisional application, which is a less formal, quicker, a......

Full article >>> the first patent application is filed.

In the United States, a utility patent has a term of 20 years from the date of filing, but in certain circumstances may be subject to term adjustments or extensions. A patent can prematurely expire if a patent owner fails to pay required maintenance fees.

Design patents cover the ornamental (non-functional) appearance for an article of manu......

Full article >>> owner may be eligible for enhanced monetary damages, such as triple damages and attorneys fees.

This is why before entering into a new business, a company should conduct an infringement study to determine if the new venture is likely to infringe the patents of others. Even if a company owns a patent in a particular area, it does not give a company a guarantee or right to operate in that ......

Full article >>> pressed herein.......

Full article >>>
'"/> By Sara D. Vinarov 10/31/04

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