Requirements for Getting a Patent
Patent protection gives you the right to stop others from copying, manufacturing, selling or importing a novelty without your permission. You are not only protected from the financial cost and the cost of time in researching and developing it, but also allows you to reap the fullest benefits of that invention or that innovation. You are then given a pre-determined period to allow you to have enough time to establish your trade and keep others who are financially capable from entering that pursuit.
It might be very useful to patent your creations yet it is not the main thing that will make you successful. So before you invest thousands of dollars in securing a patent, there are steps you should take to ensure that it is a smart business move. For after all, rarely do patent products ever make it to market.
One thing to do before you decide to have your invention patented, is to determine is commercial value if it is viable or not. To help you do that, you have to understand your product, your target market and what other products are available that is serving the same market. This information goes far beyond your gut feeling and the encouraging comments that you receive from friends and family. This has to come from a solid market research and a substantial attention to product development.
You have to make sure that your idea does not infringe on someone else’s patent. Government records can be searched in order to find out if there is a patent for a similar product. Your goal in this search is to pry or to check the keywords where you pry on every possible pivotal concepts of the invention. The other search after the pry-at or keywords search is the freedom to operate search where in look at the protection period of the patent. In this search you will be able to tell if someone has already gotten your idea.
if you need someone to help you in the task, you can hire an expert to do so.
Then you need to create a basic prototype or model to determine the functionality of your product. Testing and reworking of your product follows until you are able to achieve that is acceptable.
Once you have the perfect dummy, you can now start to define your market and determine how large that market is. If you product is too small, its commercial viability might not be good.
Then you need to determine the cost of manufacturing your product. Whether the cost to make is less than the market is willing to pay for it.
So when everything is considered there are no more roadblocks to commercial success, now it is time to consider if you need a patent for it or not.