Are You a Geek?

Article by Ahmed Elsaghir

Overview

Do you spend most of your time in a lab? Or perhaps you spend it before a computer screen? Is the idea you are chasing in hot pursuit consuming you?

Have you spent years and years researching, coding, tackling technical problems and finally solving them? It may be a new device or method of production that saves time, money and effort, or it may even be a new medicine that will save a life!

You think it’s time to go public about it, you want to share your victory in the race with everyone in the world to prove yourself.

Idea

If I were you, I wouldn’t do that! You might lose a lot by the simple act of sharing your success with others.

If your idea is novel, has an inventive step and is capable of industrial applicability, it’s very likely that you would be able to patent it.

What is Patent

A patent is a form of protection that allows you to exclude others from manufacturing, using, selling, importing and distributing the patented product without permission. If you obtain a patent over your new product or even way of production, you would be able to enjoy such protection for the period of almost 20 years calculated from the day you deposit your application.

By disclosing your invention in a patent application, you gain ownership rights, which hold monetary value and can be transferred. It’s an asset.

Conclusion

Publicly disclosing your invention anywhere can destroy patent novelty and eliminate your rights in many jurisdictions.

So the next time you make a real breakthrough, speak to your lawyer first!

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