Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,565,229 members, 5,931,579 topics. Date: Wednesday, 21 October 2020 at 02:53 PM

What Is A Patent? How It Can Help You With Your Inventions? - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / What Is A Patent? How It Can Help You With Your Inventions? (481 Views)

How To Start A Patent Drug Store In Nigeria(chemist Business) / 5 Points To Think About Concerning Your Inventions / I Need Help Applying For A Patent And Trademark (2) (3) (4)

(1) (Reply)

What Is A Patent? How It Can Help You With Your Inventions? by Intei: 12:40pm On May 04
There are so many people in our country with the ability to invent things but they are not aware of the process to actualize their invention ideas. First off, you need to understand that anybody can be an inventor, and so it is wrong to suggest that an inventor must be a scientist. As a matter of fact, an invention is the product of ideas that might be in anybody’s mind just like you! Without a helpful platform, it is almost impossible to put your invention ideas into action, and this is why many people who could have been inventors but they are not.

There are institutes that provide great help for inventors like you. If you are looking for a group of people who can help you actualize your invention ideas into a real, useful invention, you should look no further than https://www.facebook.com/inventhelp/. Once the invention has been created, the inventors also need to nominate their invention so that they can get the credit for their helpful creativity.

A patent can make you the sole owner

Inventors also need the legal right to be the only individual or inventors to sell their invention or product. In the absence of such a document, anyone can misuse your product, so you must take out a patent on your invention above all anything else.
As a business owner, the very first thing that you must look at is the quality and effectiveness of the invention that you intend to patent. If your invention is below average, you are going to waste your hard-earned money. At the same time, if you are sure your invention is of high-quality and useful, you are going to take risk of not patenting it. These are two main facts that you must keep in mind before you decide if you should apply for a patent.

Offering the patent for sale through a reliable broker

When it comes to offering the patent for sale to earn cash, you can also make use of a broker who can play as a middleman between you and the interested party. However, you must first make sure that your potential broker is in accordance with your tech area. In order to cash the highest cash amount, you must choose the right broker.

Offering the patent for sale through a public auction

You can also take part in a public auction for finalizing the price of your patent. This would be the best way because buyers will try to buy your product and compete with each other, and as a result, you will get the best price possible. This is because every interested buyer would not let other interested buyers get your patent, and thus they will offer you the best price, for sure.
So, it is safe to say that bidding is the best way if you can manage it. Companies tend to show their interest in good inventions, and thus they love to get a license from the inventor, thus you can earn a lot of money by licensing your patent.

Re: What Is A Patent? How It Can Help You With Your Inventions? by Avidcolz: 1:33pm On May 04
Can you patent a modified existing product? Eg a product that exists but I have a different way it mcan work for different usage, can i patent it or go for trade mark?

(1) (Reply)

Order And Pre-order These Faceshield Cheap At Direct Factory Price. / Procedures To Collect POS Machine From Mobile Money / Flight And Airport Resumption Date For All Business

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2020 Oluwaseun Osewa. All rights reserved. See How To Advertise. 36
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.