Business Uses for Patents
Protecting a Product With Patents
Most companies get patent protection to protect a product. This is the first line of defense and is the most simplistic manner to use patents. In this case, the business interest is two fold. The primary goal is to prevent competitors from directly infringing the product going out the door and the secondary goal is to set…
Read MorePatents that Protect a Business Advantage
A good patent is one that protects a business advantage. I often ask entrepreneurs to tell me your competitive advantage – what is the weakness in the market that you are going to exploit? This can be one or many market weaknesses. For example, a competitive advantage is that your product is “easy to use”.…
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