What Are Patents and How Do They Work?

A patent is a property right for an innovation given by a government to an inventor. A United States patent offers an inventor rights to exclude others from making, utilizing, marketing, or offering their invention in the United States or importing it into the United States, for a statutory timeframe (generally 20 years), in exchange for public disclosure of the creation at the expiration of the patent. There are three kinds of patents: Utility patents Utility patents may be provi...

When Do You Need a Patent Lawyer

As an inventor you probably have the technical know-how required in the field of your invention, however, the process of preparation of a patent application and carrying out the proceedings with a patent office, will require a thorough knowledge of patent law and the understanding of an established set of procedures. This is where the process of patenting an invention normally goes beyond the inventor’s skill set and necessitates involvement of a patent attorney, also known as a patent lawyer or...

What is Patent Licensing?

Today, a company's competitive advantage is often found in the form of formulas, patents, schematics, designs, know-how, algorithms, manufacturing processes, data (such as analytic data) and hundreds of others types of information that give your company its ability to outperform its competitors. This competitive advantage information is the company’s intellectual property (IP). The majority of that IP is in digital format, stored on servers (cloud based) worldwide. Licensing of intelle...

What Is The Corporate Shell And How Will It Help Protect Your Company?

A shell corporation is defined as a business that does not have any active business operations or rather significant assets apart from money. Contrary to common perceptions, shell corporations aren't necessarily illegitimate or illegal. They serve a major purpose mainly for business startups. On the other hand, a corporate shell can act as a tax avoidance leeway for myriad legitimate business setups. How Are Shell Corporations Formed? Shell corporations are formed before the commencement of op...

Simple Precautions to Protect Your Patent

inventor considerations
Creating inventions or products for a company is a popular option for many talented inventors. However, many inventors have been shortchanged by large corporations and in some cases they have not been able to reasonably benefit from their hard work. There are a lot of precautions that can be taken to ensure that inventors and their creations are protected. The following are some of the main actions that you can take as an inventor in order to protect your own interests, especially if the prod...