Patents
What is a patent?
In simple terms, a patent protects new inventions and covers how things work, what they do, how they do it, what they are made of and how they are made. A patent gives you the ability to take legal action to try to stop others from copying, manufacturing, selling and importing your invention without your permission.
What can I do with it?
The patent also allows you to:- Sell the invention and associated intellectual property rights
- License the invention to someone else, but retain ownership and certain rights in the IP
- Discuss the invention with others in order to set up a business based around the invention
Patents are often valuable because they can be used to create a perimeter fence around business or idea to keep competitors out.
