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Patent With Example In Palm Beach
State:
Multi-State
County:
Palm Beach
Control #:
US-000281
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Word;
Rich Text
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FAQ
A patent is an exclusive right granted for an invention. Patents benefit inventors by providing them with legal protection of their inventions. However, patents also benefit the society by providing public access to technical information about these inventions, and thus accelerating innovation.
Now, there are a few different kinds of patents today, including what we call design patents that protect the way an invention looks. The iPad, for example, is legally protected by a design patent. So, at one time, were LEGO bricks, Coke bottles, and the Statue of Liberty.
A patent is an intangible Asset. A patent is an intellectual property. It basically excludes people from using that invention for a particular period of time. It is registered and granted ing to the country laws.
The Wright Brothers' “Flying Machine" The Wright brothers, Orville and Wilbur Wright, secured a patent for their “flying machine” in 1906. Their invention (patent number US821393A) detailed an innovative method for controlling an aircraft in flight.
A patent is considered an intangible asset; this is because a patent does not have physical substance, and provides long-term value to the owning entity. As such, the accounting for a patent is the same as for any other intangible fixed asset, which is: Initial recordation.
Patents have been used in their modern definition since the 1500s to provide inventors the exclusive right to produce and sell their inventions. Some famous examples of products that have been patented include: The Telephone: Patented by Alexander Graham Bell in 1876. The Lightbulb: Patented in 1878 by Thomas Edison.
These five steps will help you plan out the patent process as you seek to protect your invention. Understand your invention. The first step in how to get a patent is to understand your invention. Research your invention. Choose the type of protection. Draft your patent application. Wait for a formal response.
The invention must be statutory (subject matter eligible) The invention must be new. The invention must be useful.
The five primary requirements for patentability are: (1) patentable subject matter; (2) utility; (3) novelty; (4) non-obviousness; and (5) enablement. Like trademarks, patents are territorial, meaning they are enforceable in a specific geographic area.
Requirements for filing a provisional application: A detailed written description of the invention including drawings. Title of the invention. Name(s) of all inventors. Inventor(s) residence(s) Name and registration number of attorney or agent and docket number (if applicable) Correspondence address.