WHY PATENT?
Patents are a legal property. A valid patent will protect your investment
in innovation. A patent may allow you to improve your negotiating
position with customers, competitors, suppliers and sales agents as
well as enabling you to enter markets presently beyond your reach via
licences. In industries which cannot compete on manufacturing costs, a
patent may be an essential element in defending your business against
competition. A patent may provide security to assist you in financing
your business. Patents have been used to enhance the value of shares
and to enhance a brand image in marketing.
Patents provide protection for inventions. A patent holder has the right
to prevent others from using the invention defined in the patent for a
period of up to 20 years.
WHAT IS REQUIRED FOR A PATENT?
The essence of an invention must be technical, and for patent to be
granted, an invention must meet the following requirements: