Basics of Applying for a Patent

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Entrepreneurship Life Business is a Lifestyle

• Entrepreneurship Life is a website dedicated to
  the lifestyle of entrepreneurship. Business is a
  lifestyle.

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The Basics of Applying for a Patent

• As an inventor, navigating the world of
  patents is a vital part of securing the success
  and originality of your idea. Its important to
  begin the patenting process as soon as your
  product or process is ready to go into
  prototyping, as securing patent rights is
  time sensitive. Because patents are awarded based
  on timing, the first individual or company who
  files for their original innovation, proving the
  product or design is unique, often receives the
  legal protection. There are a few things every
  inventor should know about applying for a patent.

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What is a Patent?

• A patent is a legal document which
  provides protection to innovators who create new
  products. This allows the original creator to
  assume full legal rights to the item or process,
  and prevents theft of the concept. There are
  three types of patents utility, design, and
  plant. Utility patents, which are given when an
  individual invents or discovers a new (and
  useful) process, product, composition of matter,
  machine, or improvement on an existing item.
  Read More

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How Do I Apply For a Patent?

• Once you have determined whether or not
  there are existing patents or other legal
  obstacles to filing, you must fill out a patent
  application and pay the appropriate fees. There
  are two types of applications, each with their
  own guidelines and restrictions. A
  non-provisional patent is a full patent
  application which requires description, drawing,
  claims, and an abstract of your innovation. Each
  of these parts must be drawn up in legal form,
  and the filing of a non-provisional patent is
  considerably more expensive than a provisional
  one. Read More

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How Much Does it Cost?

• The price of filing for a patent is usually
  determined by where the innovator is in the
  design process, and how familiar they are with
  legal documents. Some independent patent
  attorneys can charge upwards of 5,000 in order
  to draft a full patent application and Read More
  Entrepreneurship Life - Patent Basics

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