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Innovation is the lifeblood of progress. From groundbreaking technologies to revolutionary products, the quest for innovation has shaped our world in profound ways. But behind every groundbreaking invention lies a crucial component that often goes unnoticed: the patent. Patents serve as the cornerstone of innovation, offering inventors exclusive rights to their creations for a limited…
At the heart of any patent is the claims, the quirky, numbered paragraphs at the end of the patent document. The claims describe in words where the boundary around your invention lies, and are crucial to the scope and value of your patent right. Let’s take a closer look at these claims, their purpose. An…
The United States Patent and Trademark Office serves a critical function in the global economy by providing incentives for innovation and supporting new technologies. It is also an absolute unit, with an estimated budget of $4.3B for the coming year and a staff of more than 13,452 employees.[FN1] With that budget and workforce, the USPTO…
BY DAVID A. BOAG | BOAG LAW, PLLC So, you’re ready to patent your invention. You already know you must act quickly to hold onto your rights. But then what? This guide will help you maximize your chances of filing a useful, grantable patent application with the United States Patent and Trade Office (USPTO) while saving as…
BY DAVID A. BOAG | BOAG LAW, PLLC Securing a patent for your new idea can be a long game. Applicants can expect to wait 20 months or longer before an examiner reviews the application. The reason is simply one of numbers. A staff of about 8,176 examiners are tasked with examining a backlog running 765,000…
Innovation and intellectual property are constantly advancing. Patents allow creators to protect these innovative ideas. If you have a business or enterprise that needs to know more about a specific product or service, you will want to know how to read a patent. At first glance, all this information may seem like a confusing set…
Mergers and Acquisitions (M&A) transactions are a cornerstone of the business landscape. While these transactions boost growth, they can come with a range of complexities, intellectual property being a big one. A little due diligence goes a long way here. Find out more about this important process. Intellectual Property in M&A Intellectual property represents a…
Not all patents are created equal. Utility, design, and plant patents plus the provisional application (don’t call it a provisional patent) are the 3.5 types available to inventors. Read on for details. Utility Patents A utility patent protects the structure, function, or composition of an invention and is the most common type of patent in…
Patents play a vital role in protecting and fostering innovation. In other words, patents protect ideas. Inventors who successfully navigate the comprehensive and structured procedure for securing a patent are rewarded with a tool that enables them to safeguard their intellectual property from unauthorized use or exploitation. A PATENT IS A RIGHT TO STOP SOMEONE…
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