A patent application consists of an abstract, a specification, and often drawings. The abstract is a brief summary of the contents of the specification. The specification is made up of: a clear and complete description of the invention and its usefulness; and • claims that define the boundaries of patent protection.
Utility patent application: may be filed by anyone who invents or discovers any new and useful process, machine, manufacture, or composition of matter, or any new and useful improvement thereof.
Drafting a Patent Specification: An Illustration Background of the Invention. Problems to be Solved. Prior Arts. Summary of the Invention. Brief Description of the Drawings. Detailed Description of the Invention. Claims. Abstract.
If a patent has lost significant value, recognize an impairment to reduce the carrying amount of the asset. Once the company is no longer making use of the patented idea, the asset can be written off by crediting the balance in the patent asset account and debiting the balance in the accumulated amortization account.
You can patent a product that results from an idea yourself, but you cannot patent the idea itself. However, the patent application process is arduous and complex, and if you have the financial means, you may want to hire a patent attorney to assist you.
A patent application often includes the following primary sections: Invention Title. The title's objective is to provide a clear understanding of the invention or idea. Prior Art: Context and Novelty. Invention Summary. Drawings and Descriptions. Detailed Description. Claims. Scope. Characteristics.
Prior to drafting the patent application, it is advisable to focus on the following points: Understand the given invention disclosure completely. Identify the field of invention and the other possible applications for the invention. Identify the problem, which is solved by the invention.
Format of a Patent Application The Specification. The Title. The Description. The Claims. The Drawings. The Abstract. Sample Specifications. Minimum Requirements for a Filing Date.