Intellectual property law is complex, and many entrepreneurs may not only feel too busy to understand IP in terms of application and registration, ownership—and ultimately, protection of the future—but they may also be intimidated by the entire process, and especially when filing a patent. No matter what though, IP is important to your own personal creations and those of your business. Intellectual property allows the global economy to thrive as invention and innovation are encouraged around the world. With your intellectual property duly protected, you also then have the free time required to focus on your business and expand research and development activity.
Patents can be extremely important for inventors, and especially valuable to a business focused on creating products and processes, for example. Dealing with a patent, and applying for one is best achieved with the help of an experienced intellectual property attorney who can help you determine what type of protection you actually need as well as searching to ensure there is not already a patent for an identical or similar invention. A skilled attorney will help you through the overall process of applying for a patent, as well as dealing with issues that may arise before you gain final approval. Getting a patent usually takes around a year or more, and you may have to jump through some hoops before you attain your goal.
But what happens if you go to all that effort, not only to bring forth innovation but then also to apply and register it, only to have your patent expires after around 20 years? While this can be good for the public domain in terms of innovations and processes that are in demand, you may be worried about what will happen once details of your invention emerge. And while you may be able to hold onto some of your trade secrets, once a patent is in the public domain that means that others have access to your prized work whether you wanted that to be the case or not.
There is also the chance that you may release your work into the public domain deliberately, allowing anyone to use it without permission—or you may release it into the public domain with restrictions on it too. None of these actions are recommended without the help of an experienced intellectual property attorney, however. The Bolender Law Firm can assist you in all intellectual property matters. Call us at 310-320-0725 now or submit an easy consultation request online. We are here to help!