Patents

1
Patents

• Patents give the inventor the right to exclude
  others from using, making or selling the
  invention
• In order to mitigate non-compliance risks while
  obtaining your patent, it is highly desirable for
  an inventor to attain a filing date prior to
  sharing details of the invention with the general
  public

2
Patents Value

• Patents are intangible assets of corporations,
  which is particularly important to the startup
  companies, or companies undergoing mergers and
  acquisitions
• For individuals, patents are important to prevent
  bigger players from exploiting their inventions

3
Patent Types

• Depending on your needs, you may seek protection
  in a certain jurisdictions
• Such that if the protection is sought in Canada
  only, you may file a single application with the
  Canadian Intellectual Property Office (CIPO)
• Should you desire to be protected in the US, an
  additional copy should be filed with the United
  States Patent and Trademark Office (USPTO)

4
Patent Types

• If you are not sure whether to continue with
  venturing of your invention, attract an investor
  or should you require more time to study
  consumers market - a temporary (Provisional)
  application may be the proper choice

5
Patent Prosecution

• Obtaining (or Prosecuting) a patent may be a
  lengthy and complicated process. A detailed study
  of prior inventions should be conducted. The
  specification should be presented in a proper
  structural format with the claims of the
  invention defining the exact features that the
  inventor seeks to protect

6
Once Issued

• Once you obtain your patent, you may license it
  to a third party, sell it or venture at your own
  pace