Ways of Securing a Patent

By Phil M. Fowler

A patent is a legal right, provided under federal law, to operate a monopoly on a certain product, idea, process, or other invention for a certain amount of time, typically 14 to 20 years. The U.S. Patent and Trademark Office, a branch of the federal government, only issues a limited number of patents, with only one patent per novel idea. Accordingly, it can be highly lucrative to secure a patent or the use of a patent. The only ways to secure a patent, or the use of a patent, are to either obtain the patent yourself from the USPTO or obtain permission from the current patent holder.

Provisional Applicaiton

A common way to secure a patent is to file a provisional patent application with the USPTO. A provisional patent application is essentially a preliminary, summary version of a final patent application. USPTO will not issue a patent based on the provisional application, but filing for the provisional application does give you certain rights related to the patent that may issue at a future date. For instance, if you file a provisional patent application, while the application is pending you can claim "patent pending" on your idea or product, and if anyone violates the patent during the patent pending period you will have the right to sue them at the time you acquire the final patent. A provisional patent application, then, is a temporary and conditional way to immediately secure the benefits of a future patent.

Final Application

To obtain a final, official patent from USPTO, you can either convert a provisional patent application into a final patent application, or file a final patent application even if you never filed a preliminary application. If your patent application reveals a genuinely novel and useful invention or idea, the patent and trademark office will issue you a patent. The final patent application process typically takes 18 months or more.

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License Agreement

If the idea or product you want to use is the subject of an existing patent, you can secure the use of the patent by negotiating a license agreement with the patent holder. Under the license agreement, the patent holder will give you either the exclusive or nonexclusive right to use the patented idea or product. That license agreement can give you all the same rights that you would have if you had secured the patent from USPTO yourself.

Purchase Agreement

A final way to secure a patent is to purchase the patent from the current patent holder. A patent is basically a type of personal property, which means the owner of the patent can sell it at any time. If you want total control over a specific idea or invention that is already patented, the purchase agreement is the only way to exclusively secure the patent on that idea or invention. A purchase agreement makes you the new holder of the patent, while a license agreement simply gives you the right to use the patent according to the specific terms and conditions set forth by the existing patent holder.

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How Do Patent License Negotiations Work?
 

References

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How to Acquire a Patent

A patent is a legalized monopoly in favor of the patent holder. The patent holder owns the exclusive right to use, reproduce, and distribute the patented idea, process, product, or model. Acquiring a patent requires the filing of a patent application with the United States Patent and Trademark Office, called the "PTO" for short. The PTO reviews the patent application, typically requests amendments or further explanation, and then approves or denies the patent application. Generally, the PTO approves any patent application that meets the fundamental patent criteria of novelty and utility.

What Is the Lifespan of a Patent?

You’ve created something useful, and, hopefully, profitable, and now you want to protect your invention. An application to the United States Patent and Trademark Office will guard your right to make, distribute and sell your creation to the public. You can enforce a registered patent in a court of law and ask for damages for any infringement of your rights. However, patents don’t last forever, so you may need to plan accordingly.

How to Transfer a Trademark

A trademark is a brand name. The brand can include a word, a symbol, a device or a combination of those elements. A trademark becomes valuable when consumers associate the brand with certain goods or services. Trademarks can be sold and transferred from one owner to another through a process known as assignment. The process involves creating an assignment agreement and recording the agreement with the U.S. Patent and Trademark Office.

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