This Is Our “17 Seconds” Newsletter #137: 17 Seconds = Useful Info Quickly.
A patent gives the inventor the right to exclude others from making, using, and selling that invention 20 years from when the patent was filed.
Patents are designed to protect products/services and improvements to those products/services. So the best time to think about filing patents is after you’ve come up with the idea and before you’ve launched the product/service (or improvement). The best way to think about what you can patent is to think about what you can sell or license and how that offering is better/faster/stronger than the competition.
It is easy to over-spend on intellectual property (patents, trademarks, domain names). What makes sense is to get IP protection in the countries where you do business, where you intend to do business, or where potential acquirers do business.
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