Patents provide protection for innovations. They boost innovators by granting recognition of creativity and the possibility of material reward for their inventions.
Wondering what a patent protects and what it can do for you?
Well, patents, among other things:
Grant you 20 years of exclusivity to your idea
Allow you to transfer, license, or sell your idea through your patent
Stop the theft of your ideas from bigger rivals
Facilitate venture capital investment and overall valuation
Increase your business’ valuation
Help businesses rapidly expand their market share
Provide increased credibility
Give a defense in case of accusations of patent infringement
It’s safe to say that patents are one of the most valuable investments for your business. They give you the legal right to prevent others from stealing the intangible assets that create the core of your business.
Your ability to protect and assert those rights can determine your business success or failure.
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