A Complete Guide Of How To Patent An Idea

how to patent an idea

Be it an independent inventor, a young entrepreneur, or an experienced investor, who is heading out for the first time alone, the best thing you can do is get to know the ideas and procedures that safeguard your innovations. The best thing is to learn about them.

It is not simple for those who are not begun to get patents, and you won’t be able to make meaningful commercial choices without any knowledge. Simply stated: inventors who do not know the patent procedure fully can also make no significant contribution to the patent process. It’s far sadder than you could guess.

In this article, we will talk about how to patent an idea for free. But before that, we will see what is a patent?

What Is A Patent?

A patent is a legal document which, according to national regulations, is awarded by the State government or the country. It grants a creator of a certain object the exclusive right for a certain amount of time to produce, use and sell its work.

The rationale behind this approach is that innovators are encouraged to protect their ideas. Unable to patent books, films, and certain artworks. However, under copyright law, you can safeguard these materials. The patent law is an area of greater law that covers the law on marks and copyright, called intellectual property.

How Much Does It Cost To Patent An Idea?

how to patent an idea

You must have a new concept or technique to even patent an innovation that does not overlap with previous patents. In addition, the law is becoming increasingly complex as to what makes an innovation unique. In the ultimate cost of the patent, the technology of the innovation is of great importance. Factors like:

  • Fees from the prosecutor
  • Marketability of the innovation
  • What do you want the patent to do?
  • Patent application geographically

In reality, if the invention can be marketed, you may expect the patent to pay more because you want to ensure that a solid patent results in the application. The most significant variables for the determination of costs are the type of invention and its complexity.

Most freelance inventor inventions are relatively easy to somewhat difficult. Electronic equipment is usually modest to somewhat sophisticated. The inventions of software are generally quite complicated and often require the application for patents to have high technical details.

Most patent concepts are not tangible in the biotechnology and software sectors. Start-ups in these areas are thus paid for their whole portfolio roughly twice as much. Sadly, just 3% of patents yield more income in all industries than the expense of getting the patent. This data should be careful of what people and companies choose to patent.

What Inventions Are Patentable?

Three essential conditions must be met for any asset or innovation qualifying for a patent:

  • It must be novel and unique. This means that there must be no fresh and existential trace of the particular innovation.
  • It needs to be distinctive. An individual can not patent an improvement in the present technology.
  • It needs to be helpful. It should provide value to the lives of the ordinary man and should not be used for, or benefit from, or promote the use of illegality.

Certain sorts of inventories (or findings) like as the gravitational law of Issac Newton or the relativity formula of Albert Einstein do not meet these requirements. No one may simply get a natural law or any scientific principle patent.

What Inventions Are Non-Patentable?

Although the concept of a patent is to protect the creativity of the manufacturer, some items do not comply with Indian law (sections 3 and 5 of the Indian Patents Act, 1970):

  • Any farming or horticultural approach.
  • Any medical, operative, curative, or other treatment of people, animals, or plants; any process.
  • Upgrading or discovering anything related to nuclear energy.
  • Unique machine, equipment, or process discovery.

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How To Patent An Idea Or Innovation?

You can follow these steps for how to patent a product:

1. Invention Disclosure

The initial step of how to apply for a patent is to inform the professional about your innovation. This is done by signing an agreement not to disclose. Every known fact concerning your innovation should be submitted. Don’t retain anything.

2. Patentability Search

Usual fees are charged by a professional (about INR 10,000 to INR 20,000). Your expert is at this time carrying out a thorough investigation in all conceivable databases for earlier proof. In addition, it develops on your innovation a patentability search report. This is the second way to obtain a patent for an idea.

3. File An Application For Patent

This is the beginning of the actual procedure. You can then decide if you wish to proceed with submitting a patent application after extensive study regarding (any) existing history of your innovation. This is the third step of how to obtain a patent on an idea.

Your innovation must be’ inventive’ compared to existing previous artworks to qualify for a patent. It has to be “technically sophisticated,” “economic,” or both, concerning any artwork. The phase in which you decide to go through the filing procedure is the patent authoring process.

4. Patent Drafting

You might decide to prepare pt the aid of a professional to do so. If you decide to accept assistance, you could have to spend somewhere between INR 20,000 and INR 30,000you could have to spend. This is the fourth step of applying for patents.

This is one of the most important phases in the whole procedure. Technical and legal comprehension is required. All the efforts you make are useless if you don’t take the proper route. Therefore, taking expert support here is a smart option.

5. Filing The Patent Application

You are ready to file a patent once you have done a review of your patent draft and have met the size and details. With proper fee forms, you can submit the patent application in a defined way. This is the fifth way to apply for patent.

During submission of the patent application in the patent office, you must pay fees of INR 1,600 or 4,000 or 8,000 (depending on the kind of application). The patent application will be published at the end of 18 months if you do not submit a request for the earliest publication.

6. Request For Examination

This is where the applicant must apply for a 48-hour review of the patent application by the Indian Patent Office. Application costs vary from INR 4,000 to INR 20,000 (based on the type of applicant). This is the sixth step of how to file a patent.

7. Responding To Objections

At this stage, the draft and report presented to the Patent Officers are extensively scrutinized. In this stage, the inventor is allowed to convey his uniqueness or inventiveness about any other work of art identified throughout the evaluation. The patent application is about ready to act when everything is fully defined and resolved. This is the seventh step of how to patent an idea for an app.

8. Grant Of Patent

If the application complies with all the conditions, the grant is ordered. Normally a newspaper publishes the final grant of the application.

9. Renewal Of Your Patent

Typically, 20 years have been a patent in effect. After 20 years, the owner shall pay a modest price for the renewal of the patent. This is the final step of how to patent an idea.

Benefits Of Getting A Patent

  • Prevents innovation theft.
  • Easy to create and market a good.
  • Freedom of exclusiveness.
  • Greater market share as your concept is a brand.
  • More value for money and bigger margins for profit

Although the entire patent application procedure is lengthy and complicated, the significance it holds must be remembered. Digital progress is likely to simplify and simplify the procedure.
The introduction of a patent assures that no one can claim ownership over the innovation.

If an infringement arises at all, you may take assistance from legal entities and prevent issues that may become a hindrance to your development.

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Patent Is An Asset, Not A Guarantee Of Success

how to patent an idea

Several innovators misinterpret that obtaining a patent in the famous “Monopoly” board game, like owning boardwalks and park places. Many reporters and patent opponents are increasingly working on the same fallacy. There are very unpleasant implications of the carelessness with which the patent rights are described by so many who have only the vaguest grasp of the patent system.

Inventors assume that the world will back up a cash truck to the front door if they receive a patent. You must have a game plan whenever you are seeking a patent. How will the patent be used? Why is the patent being obtained? Not only will the money be at your home, but you’ve also got a patent.

Some will utilize a patent to persuade investors, while others may use patents to sue infringers to license royalty earnings. But how will you move forward, if you don’t have the money to employ counselors to suit infringers? Is your patent powerful enough to attract the few lawyers that represent the contingency?

Those that argue about patents in emergencies will have large violations and enormous funds on the line. As long as you evaluate your alternatives carefully, there is no solution. To get a patent and hope for a money stream would just be a waste of money.

Knowing How To Patent An Idea: First Step Towards Success

There is a lot more to say and learn, but it goes a long way to train innovators to make them greater contributors to teams and knowledgeable customers. Even if the more you know what goes into the patent application, and how you are drawn up, then you are better placed to provide your patent lawyer with the sort of material they require if you are never planning to prepare your patent application.

We hope this article on how to patent an idea helped you to apply for a patent on an idea.

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