A patent is an intellectual property right to protect invention or idea of a product or a process that provides a new way of doing something or offers a new technical solution to a problem. To get a patent, technical information about the invention must be disclosed to the public in a patent application.
Patent owner enjoys the exclusive right of using the invention or idea it is granted for and the right to prevent others from commercially exploiting the invention or idea. This implies that the patent can be exclusively used by its owner, or licensed to another party for use in return for payment. Registration provides legal certainty and strengthens the position of the right holder in case of infringement and litigation.
⦁ A Patent gives you the right to stop others from copying, manufacturing, selling or importing your invention without your permission. ⦁ Registered Patent increases business prospective and its commercial applicability. ⦁ Patent provides “concrete proof” of your legally protected rights. ⦁ Patent is an intellectual intangible asset and investment of your business and it has monetary value. ⦁ A Patent Increases profits and prices: because you can stop others from selling a competitive alternative, you can charge more for your product.
Patent Agent is not mandatory but recommended because it is a complex matter that needs legal advices and careful handling of registration process. Certain countries like UAE, an Agent only can register a patent on behalf of foreign applicants.