Secure a priority date for your patent
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A patent is an exclusive legal right of any inventor that grants him the legal authority to prohibit others from making or using a particular invention. Provisional patent registration is the first step towards filing a patent. A provisional application is a brief synopsis disclosing the essence of the nature of the invention. It is the preliminary application that can be filed before filing the complete specification. It explains the patent in brief but not completely. Filing a provisional patent is very useful for inventors as it locks the priority date and secures the invention so that no one else can copy it or claim authority over it.
Filing a provisional patent enables the applicant to secure a priority date for his patent and thus refraining any other individual from copying or filing such a similar patent.
It gives the patent holder the legal right to file a case of infringement if anyone tries to exploit the patent without the owners’ permission. The patentee, his/her assignee, licensee, or agent has the right to institute a civil suit in a court not lower than District Court in a case of infringement.
If an invention is patented, indirectly surge brand recognition and conceivably empower the business to charge a premium price to the customers. Especially, if a product that has great usefulness in the market would help to expand the valuation of the patentee’s business.
Filing a provisional application is a simpler and affordable step for initial patent protection. The inventor gets 12 months before filing the complete specification which is referred to as a permanent patent in the common parlance. This period gives the applicant enough time to contemplate whether the invention has enough potential to be patented and gauge its feasibility. Changing the decision within these 12 months does not attract any charges/penalties and the applicant can cautiously decide if the investment is worth it.
A provisional patent gives the inventor time to work on the invention and brush up on its utility, novelty, and the inventive factor until it is finalized as per the established standards. A period of 12 months is given to file the final patent draft called a complete specification.
The patent is a great asset and has a potential to extract way bigger monetary benefits than any other intellectual property, if managed intelligently. Many pharmaceutical companies have made great profits through their patented chemical formulas byways of licensing, assigning, etc.
At Ourstartup India, we offer a range of packages to suit your needs. Start by selecting the appropriate one, fill out the required forms, or simply speak to our experts online for assistance.
Ourstartup India professionals will collect the information about the examination of the invention and required documents about the complete patent application and finalize the type of agreement.
Ourstartup India professionals will draft the invention with its uses and advantages.
Ourstartup India professionals will file a provisional patent online with Fo.
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