This means that during the life of the patent, no one may make, use, sell, or license the invention without the inventor's permission. Commercialization opportunities: Patents can improve your invention's ability to india phone number attract investors, partners, or buyers because they provide a strong legal basis for your intellectual property.
Your invention yourself, you can license it to others and generate income through royalties. Deterrent effect: Patent applications can deter potential competitors from entering the same field because they know they will have to negotiate with the patent holder. Limitations of patent applications Cost and time: The patent application process can be very expensive, with application fees, maintenance fees, and legal assistance fees.