How to Tap into Patent Success? Hire a Patent Attorney in Fort Lauderdale
The U.S. Patent and Trademark Office identifies patents as vital to U.S. economic development, recovery and job creation. According to the World Intellectual Property Organization (WIPO), U.S. patents represented $440,433 billion of the Gross Domestic Product in 2011. In the U.S. the right to patent inventions is everyone’s right. The U.S. federal government grants the patent holder intellectual property rights so that the public can benefit from shared details about inventions. Patent attorney fort Lauderdale can help fast track inventors toward economic success.
During challenging economic times, the right time to patent an invention is now. According to the WIPO, U.S. patent applications increased 5.1% from 2009-2011. In 2012, 542,815 utility patent applications were filed, with 253,155 patents issued. In 2012, 32,799 design patent applications were filed, with 21,951 granted. Whether a utility, design or plant patent, inventors can start sweeping away basic patent myths along the road to success.
Myth: A patent grants the patent holder the exclusive legal right to use an invention or sell it.
A patent is a limited property right that excludes others from claiming rights to the patented invention. A patent prevents others from creating, selling, using, attempting to sell or importing an invention that has a patent.
Myth: An inventor only needs to apply for a patent once to protect the rights of an invention forever.
The life of the patent exclusion period starts from the date the patent was filed for a period lasting about 20 years from that point forward. During the term of the patent, the patent requires that the patent holder pay maintenance fees.
Myth: A patent can be obtained if improvements to an existing invention are created.
An inventor can obtain a patent for an invention that merely improves someone else’s invention. However, the invention cannot be legally used without the original patent holder’s permission. Improvement inventions may still be under the original invention’s patent protection period. A patent holder retains property rights and can opt to deny permission. Inventor property rights can be protected from pirate patent infringement. Patent monetization opportunities, such as sale or license, can also emerge.
Myth: A patent holder cannot abandon, transfer or donate rights to patented property.
The rights of a patent holder include the right to sell, license, mortgage, assign, transfer, donate or abandon rights to the patent property.
Inventors can take charge of their inventions. Launch an invention to the next level of success with a patent attorney Fort Lauderdale clients can rely on. Contact us TODAY for a free consultation.