Font Size

Why a Patent

 By

Lawdit Solicitors - Expert Author

Legal Articles
Submit Articles   Back to Articles

Written on 28 October 2014

There are number of reasons that justify patent protection, the most common reasons are as follow:

  • Patents give incentives for economically effective Research and Development by giving a monopoly on the patented invention. This encourages businesses to put millions of pounds into R & D which is ultimately of benefit society as a whole.
  • Patents encourage the disclosure of inventions to the public, without the protection of a patent many inventors would prefer to keep their inventions secret.
  • In some industries the cost of actually implementing an invention is higher than that of the R & D, if there was no way of protecting the invention then competitors would simply copy the invention and manufacture it for a fraction of the cost.
  • Due to the exclusive nature of patents competitors are encouraged to think up so called 'work around' ideas i.e. they know they cannot use the original invention due to the patent but how else could they come about with the same end result? This brings about the creation of alternative technologies which but for the patent would not have been worked upon.
  • Finally the registration of a patent will make the owner of the patent rather wealthy, in 2013 the Intellectual Property Organisation published a list of the Top 300 patent owners worldwide, the top ten included names such as Samsung electronics, Canon K.K, Sony Corp, LG, Microsoft, Toshiba, Panasonic and Google, no surprises!

Written by Rehana Ali


About the Author

Lawdit Solicitors offer services and advice for litigation, commercial contracts, Intellectual Property and IT legal agreements. We are experts in commercial law with a heavy emphasis on Intellectual Property, Internet and e-commerce law. Lawdit is a member of the International Trademark Association, the Solicitors' Association of Higher Court Advocates and we are the appointed Solicitors to the largest webdesign association in the world, the United Kingdom Website Designers Association.



Follow us @Scopulus_News

Article Published/Sorted/Amended on Scopulus 2014-12-08 08:54:16 in Legal Articles

All Articles

Copyright © 2004-2019 Scopulus Limited. All rights reserved.