What is Patent Registration? What are the Advantages of Patent Registration?

Patent registration means the legal protection of an invention, a new and original product or method, a new, industrially applicable technical solution. A patent refers to the document obtained as a result of this registration and gives the owner the right to prevent others from using his invention for a certain period of time. Patents allow the inventor to protect the commercial value of their invention, attract investment and gain a competitive advantage.

The Following Factors are Evaluated in The Patent Registration Process:

  • Novelty: The invention applied for must be new and previously unknown worldwide.
  • Inventive step: The invention must be clearly different from the existing technology as of the filing date.
  • Industrial Applicability: The invention for which a patent application is filed must be applicable in industry, i.e. it must provide a technical solution that can be used in the real world.

Advantages of Patent Registration for the Inventor:

  • Legal Protection: A patent provides legal protection to the inventor against unauthorized use of his invention. In case others use a similar invention, the patent holder can defend his rights by taking legal action.
  • Competitive Advantage: Patent registration gives the inventor a competitive advantage over competitors for a certain period of time. By preventing others from using the same or similar technology, it offers the opportunity to gain a stronger position in the market.
  • Attracting Investment: Patent holders can attract investors by demonstrating that they have an innovative and protected technology. A patent can increase the value of a business and strengthen its potential to receive investment.
  • Technological Advancement: The patent system encourages innovation and technological advancements because the information in this process is often made public.
  • Technological Progress and Knowledge Sharing: The patent registration process encourages knowledge sharing and contributes to technological progress. Patent applications are often a publicly available source of information and encourage innovation by showing other researchers new avenues.

These advantages enable a business or individual to protect, promote and commercially exploit its innovation and creativity. However, patent registration is a process that needs to be carefully managed as it involves specific legal processes and application procedures.