Dec 6, 2023

Advantages of Patents

Article By Patent Attorney Stephen Bullock
Most people know that patents protect an invention. However, patents serve a lot of other purposes in addition to protection.

Potential Investors
Patents give peace of mind to investors that are considering investing in a company or a product. Most investors want to know that their investment will be protected.

Patents add credibility to an invention. Having a good idea is not the same as having a patented invention. A patent not only shows innovation, but that innovation is substantiated by the US Patent Office.

Patents Can Be a Revenue Stream
Like real property, intellectual property such as a patent can be bought, sold, licensed, bartered, etc. A patent takes an idea that is not marketable and turns it into something that can be placed in commerce.

Patents Add Assets to a Company
A patent portfolio adds credibility and asset value to a company. In some instances, a company’s patent portfolio is more valuable in a merger or acquisition than the remaining portions of the company.

Having a patent distinguishes a product and a company over the competition. Simply having a patent means that the invention is novel and useful as compared to the current state of technology.
If you have questions regarding protecting your intellectual property, contact Patent Attorney Stephen Bullock at 877-354-0809.

Bullock Law

Orange County - Orlando, FL

Brevard County - Melbourne, FL

1900 S. Harbor City Blvd.
Melbourne, Florida 32901

Brevard County - Rockledge, FL

© 2019-21 by Bullock Law
Office consultations available by appointment