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The Business of Invention | F.A.Q
F.AQ What is intellectual property? Intellectual Property comprises of ideas, information and knowledge
What makes an idea patentable ? An idea becomes patentable when it provides a new and or improved use demonstrable via a chemical, machine, device and or technology. Some altered living organisms may also be patentable.
What is not patentable? These cannot be patent: Laws of nature , Physical phenomena , Abstract ideas
Who is considered an inventor? An inventor is any person or persons who thought-up the invention.
How can an inventor find out if his / her invention is unique and has not been invented before? Contact and hire a patent attorney or agent to conduct a search of all previous public disclosures both foreign and local public disclosures. Another alternative may be to contact a local Patent and Trademark Depository Library (PTDL) and seek out search experts to help in setting up a search strategy.
Does publication prior to applying for patenting affect an inventor? In some countries it does in the U.S., an inventor has one year from the date of publication to file a patent application. (It makes the best sense for an inventor to protect his / her work before public disclosure).
How long does it take to obtain a patent? It takes approximately two to six years.
How long is an invention protected by patent ? An invention is protected for twenty years from the date of application.
How much does it cost to get an invention patented? It differs so check your country local patent and trademark depository office.
An inventor can protect his /her work with a Confidential or Non-Disclosure Agreement/s. It is a legal and binding agreement that protects proprietary information. This agreement is drawn-up and signed before any information exchange.
What is a Material Transfer Agreements ?
Similar in purpose to a Confidential or Non-Disclosure Agreement “A Material Transfer Agreement (MTA) is a legal document for the protection of physical / tangible research materials that are created by researchers and may be useful to others for research and or commercial development
DISCLAIMER: The information presented is generic and is not to be used nor considered as legally correct. For that please see your local patent or trademark lawyer
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