Why is a patent filing important?

Name: IPExcel
Brand: IPExcel
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A patent is a legal document that gives you exclusive rights over your invention. It prevents anyone from claiming your invention. Any invention needs hard work and time. So, a patent prevents you from letting your hard work go in vain.

A patent gives you a complete safeguard of your invention. The patent can protect your invention for up to specific years. The time starts once you file for a patent. Here are some reasons why patent filing is crucial for any invention.

Get a legal right

Once you get a patent for your invention, it gives you a full right that makes you the sole owner of your invention. It prevents others from using your invention without your permission.

Why is patent filing important has many reasons like a patent gives you a complete safeguard of your invention & a patent prevents you from letting your hard work go in vain.

Make product, Sell or License your Invention

A patent is also useful for the commercialization purpose of your invention. Whether you want to make a product and sell in the market, sell your patent or license to commercialize it, you can do it with the patent right. It helps you earn both revenue and royalty for your invention.

Improve your market position

Once the inventor gets the patent right for their invention, they can use it by preventing others from using it commercially. It makes your product, based on the patented invention, exclusive in the market and helps you compete with similar products. As a result, it improves the market position of your product.

Improve Image of your brand

The patent right of your invention reflects its usefulness in completing the work that it is supposed to do. And it works well in increasing the market value of your organization and helps you in fundraising, finding investors, business partners, etc.

Increase ROI

As mentioned, getting a patent for your invention paves the way for commercializing your products by bringing them to market. And thus, it increases your return. Meanwhile, the ROI indeed depends on the utility of the patent.

OUR TEAM

Jason Cameron

Managing Partner & Patent Attorney

35+ Y | M.S. (Electronics) | Ex-GE | Ex-Lockheed Martin | Ex-Northrop Grumman

Expertise: Semiconductors/Petroleum/EV/Software

Jason has 35+ Years of Combined Technical & Legal Experience, where Jason has worked for several Fortune 500 organizations including General Electric, Lockheed Martin & Northrop Grumman. Jason has drafted more than 150 patent applications and prosecuted over 200+ office actions with a 90% patent grant rate in the areas of Electronics, Software and Electrical Technologies for Fortune 500 Organizations.
Jason holds a Bachelors and Masters of Science in Electrical Engineering from George Mason University and has completed his MBA from Colorado State University.

Dr. Anand Biswas

President/ CEO

15+ Y | Ph.D. | Ex-GE | IIT Kanpur Alumni

Expertise:
Technology & Patent Analytics

Anand is a Technology Analyst with 15+ years of experience in the Technology & Patent Domain. Over the years, he has gained immense hands-on experience in consulting Technologists & In-house R&D Teams of Fortune 50 organizations for developing, protecting & licensing innovative proprietary technologies. He has worked onsite/offsite extensively with global teams of attorneys, technologist & business leaders across many jurisdictions such as US, Europe, Canada, China, South Korea, Singapore & Middle East. He holds Masters(Integrated) in Chemistry & Ph.D. in Materials Science both from Indian Institute of Technology(IIT), Kanpur, India.

+75 Patent attorneys and professionals spread across various countries

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