Trademark Opinion & Strategic Counselling
Trademark Opinion & Strategic Counselling
If you don’t patent your invention, someone will copy it and enter the market with your product. So, you will have competition in the market. You may also lose the right to compete if that person files a patent for the product. If this happens, all your efforts and money will be wasted.
If you have a patent portfolio, you will increase the market position by preventing other companies from competing in your specific niche. You will thus get a better market position, and the competition will be low. So, you will get a good return on investment for your company.
You may not be able to commercialize your concept finally. But there might be others who have resources to turn your idea into a commercial commodity. Your company can then get licensing fees for using your concept.
If you have a patent portfolio, it shows that you have a technical expertise and the commitment to inventing something. Investors and partners will appreciate it and might want to work with you.
Patenting products take time and resources, but the benefits of it are huge. Even if it’s hard for you, it is important that you get a patent for your invention.