Requirements for Getting a Patent
With patent protection, you have the right to prevent others from copying, manufacturing, selling or importing you original creation without your permission. As inventor or creator you receive the fullest benefits of your invention, and you are protected from the costs that you have invested, both financial, and time that you have invested to develop it. And, you are given a pre-determined period to establish your trade and keep others from entering the same pursuit though they are financially capable.
The simple fact is, a patent is a very valuable tool – but it is hardly your number one docket to success. So, before pouring out your money in securing a patent, you need to take some steps to make sure that this business move is a smart one. This is because most patented products do not even make it to market.
So before decide to have you invention patented, make sure to evaluate your idea first and see if this invention has a viable commercial value. To do this, what you need to understand first is your products, your target market, and the other products that are available to consumers that is serving the same market as you. Somehow the information you get here goes far beyond your gut feeling and the encouraging words given by your family and friends. You have to gain this understanding 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. What you can do is conduct a preliminary patent search on government records. When you search these government records make sure you check the keywords for every possible concept of the invention. Then after the pry-at search, the freedoms to operate search which has something to do with the protection period of the patent. Here you can make sure that your idea is free and has not been patented by anyone.
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.
Now you can define your market and determine how large it is after making a perfect dummy. A very small product might not be viable commercially.
The cost of manufacturing consequently must be determined. The production cost should definitely be less than what the market is willing to pay for it.
If you have found yourself a commercially viable product, then next decide if you will get a patent for it or not.