5 Facts You Must Know about Patents

MacLachlan & Donaldson INTELLECTUAL PROPERTY ATTORNEYS 5 FACTS YOU MUST KNOW ABOUT PATENTS Patent application is different than granted patents Patents are examined but not reviewed The patent applications are examined and assessed by the examiners who are in the major jurisdiction. . He is the one who will give the final When you send a patent application with the claim, they are generally published at least 18 months after filing. In certain cases, the claims are written in a broader way than the actual patent table. decision about the field invention. LAW Patent infringement is a legal matter between two parties There is no guarantee of income with patents Infringement of a patent is an illegal matter. However, as it is not a wrong Although patents are assets, it does not necessarily bring instant cash flow. The protected invention under act against the nation, the person does not go to jail. But it depends upon the patent owner to take against the violator. the law must be transformed into a market product to get monetary benefits. The patents come with their lifespan. The patents have their limited lifespan of 20 years. Further, the patent term is valid only till the owner pays the maintenance fees for the patent. In most cases, the patent fails because of the failure to pay the maintenance fees. NEED A SERVICE | CONTACT US maclachlan.ie Dublin, Ireland (01) 676 3465