For those without previous experience, filing and processing a patent can be a lengthy and confusing experience. Because of the tricky nature of patents, many companies opt to outsource licensing to IP management companies.
However, if you’re among the many business owners who cannot afford patent filing services or simply want to know more about licensing, here are five challenges to expect during the process.
1. No standard among laws
Though there may be common ground among various copyright laws, most regulations vary by country and state, making filing even more convoluted. Though copyright laws exist in most countries, there isn’t a standard policy on how the process works. That’s why a patent attorney is necessary to help you with the process and keep you up to date with new laws and regulations.
Businesses planning to market products internationally or across state lines may find navigating the different patent filing processes confusing. Starting a business online may also require international patent filing, depending on where you do business.
2. Vague definitions
Most patent filing processes have strict requirements on what filers must include in the application. Yet, the definitions are often vague and loose. For example, what’s considered “new” or “unique” isn’t always clearly defined. So including all relevant and stand-out details in the applications is critical for acceptance.
Fuzzy definitions can also lead to competitors claiming that your patent violates their existing creation. So, when embarking on the patent filing process, ensure you understand legalities and application descriptions to prove your product’s uniqueness.
Before filing, it’s also crucial to conduct an extensive search for similar products to avoid wasted time on a denied application.
3. Disclosure to competitors
Filing for a patent is the best way to protect unique intellectual property. However, incorrect filing can extend the application process. In the meantime, while you focus on advertising and increasing brand awareness, your competitors may have access to your information.
4. Statutory limitations
The patent filing process timelines are strict, and straying from any limitations can negatively affect your filing, potentially leading to a denial. For example, the America Invents Act may prevent inventors from filing for a patent more than a year after their product is well-known to the public.
Failing to submit a patent application before advertising or marketing your product can deem you ineligible. For this reason, it’s essential to carefully plan for the release of your product after filing for patents.
5. Application overload
More and more individuals are submitting patents each year. The U.S. Patent Office has a backlog of applications that can leave you waiting for months. This timeline may be even longer if you miss important details or information in your patent application.
Fortunately, you can speed up your timeline by submitting a patent application correctly and with plenty of time.
Before you go
A patent protects your intellectual property, making it a valuable investment. Once you secure a patent, you have exclusive rights to sell your product without competition.
Getting there, however, can be a lengthy and confusing process. Even minor mistakes or missing information can significantly slow down the patent process, leaving your work vulnerable to competitors.