Reasons to Patent your Invention

Before I get into the nitty gritty of why you absolutely must patent your innovation, let me ask you, why do people buy a home?

Let me guess what’s running in your mind.

• With a home, you have exclusive rights to your own property.
• Your invest will reap greater returns (you can save on rent or better still additionally earn money)
• You have the license to sell this property or let it out

Well, patenting your innovation and idea does the same thing and has its own set of advantages as well! Following five reasons list the benefits to patent your innovation. There are many firms over here who can help you with Patent Registration in Ahmedabad.

Sole rights:

Patenting an idea or innovation or a methodology give you the exclusive rights to adopt this and cash on it for the next 20 years. 20 years of freedom to experiment various permutations and combinations of your idea to bring out the best. You can exercise your rights to market this idea, sell the patent or be the market leader in this field. If you have patented your idea, the world is your oyster! Go for it!

Strong market position

A patent opens multiple doors. It is every marketers dream to be in an always win win situation where you enjoy being the exclusive market leader based on your idea/product. Everything you do, works for the brand. There is no good and bad, only better and the best when you market. A patent is the visa to such a strong position. It helps you eliminate competition and establish yourself as an eminent player.

High ROI

The investment of your time, money and energy will fetch you really high returns. Your SME can use the patent well by commercializing it and milking money.

Opportunity to license or sell the invention:

Yes, just like real estate investments comes with a buy and sell option, so does a patent. The only difference is that the returns are several notches higher. All your efforts will fetch you multiplied returns on commercialization or on selling the patent to a potential buyer.

Increased negotiating power:

A patent brings with it the negotiating power in a business table. It helps you choose which card to play and decide on how you wish to proceed with the discussion since it demonstrates your capabilities and expertise and is of tremendous value.

Positive image of the enterprise:

A patent speaks volumes about your talent and showcases your capabilities to various stakeholders.
A patent is perceived to be extremely high level of expertise by business partners and investors alike. It is crucial for raising funds to convince investors and increase the valuation of your company.

Sufficient care should be taken not to disclose your ideas without having a patent since it could be get misused. There is provision to ensure your trade secrets are not used to your disadvantage. Applying for a patent and the process of patent registration in Ahmedabad is simple because of trained experts who can help you. It is essential to apply for a patent if you have a valid idea considering the various benefits.