It is an exclusive right granted by a state to an owner (or owner) to protect their invention. This can be a product or a process of developing a result, in any technical area.
The patent gives the owner of this product the exclusive right to prevent others from exploiting their invention, all this under a limited period of time. In other words, the owner of a patent can prevent third parties from manufacturing, using, and marketing and importing the patented product without having their legal authorization. This is a way of materializing the creations or inventions of the intellect so that it becomes an asset.
Possible technical objects of a patent may be mechanical devices and manufactured articles, processes, or methods of manufacturing, production, or synthesis in addition to chemical compositions and compounds and organisms and genetic or microorganism sequences.
Patents are important assets for a company, this means that they are the goods, rights and other resources economically controlled by a company, resulting from events that are expected to obtain results or economic returns in the future, since the intellectual property may be one of the highest value components of many products.
The benefits of patenting a product offer competitive advantages to companies and owners of the invention, giving them an advantage in the market. Through operating license signatures from other companies, the company that owns a patent can also see economic improvement, in addition to improving the corporate image.
However, the patent process might be difficult for you. Thus, it is always recommended that you seek help from a patent attorney firm. We recommend you to contact InventHelp for that purpose. They have been helping people to patent their ideas and invention for a long time. Read this article: https://midhudsonnews.com/2020/05/10/how-does-inventhelp-support-new-inventors/ to see how this company can help new inventors. There many reasons that new inventors take help from InventHelp, that you can learn here: https://azbigmedia.com/business/why-new-inventors-turn-to-inventhelp-for-support/
The rights granted by patents allow you to fight fraud and protect yourself against plagiarism or malicious competitors.
Novelty: An invention is considered new when it has not previously existed in the state of the art. The state of the art will cover everything that has been disclosed or made accessible to the public, anywhere in the world, through a tangible, materialized publication, marketing, use or any other means, before the date of filing of the patent application in our country or of the priority claimed.
Inventive level: A product is considered to have an inventive level if, for a person normally versed in the corresponding technical matter, it is not obvious and would not have been evidently derived from the state of the art.
Industrial application: A product is capable of an industrial application when its object can, in principle, be produced in any type of industry, for these purposes, the expression industry will be understood in its broadest sense.
Technical advantage: it means that the new claimable form must produce a utility that contributes to the function that is intended for a benefit, advantage, or technical effect that did not exist before.