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Why Should You File For A Patent?

A patent is the best, and often the only, way to safeguard the time and effort you have put into your invention. After filing, your invention is patent pending. This puts people on notice that you are actively seeking patent protection and may be used to inform your customers that your product or company is innovative. Publication of a pending patent application can prevent others from claiming your invention as their own, while an issued patent puts you in control of who can legally make, use, sell, import or export the subject matter of your patent.

Without a patent, anyone may copy and use your invention without compensating you. Essentially, you could be doing research and development for competitors if you allow them to simply copy your invention. Filing for a patent allows you to start benefiting from your own invention even before a patent is granted.

The Benefits Of Obtaining A Patent

At Kaufhold & Dix Patent Law, we strongly believe that having a patent outweighs the prospect of not having a patent. Let's take a look at some of the reasons for getting a patent. And remember — if the cost associated with getting a patent is the main cause of your hesitation, at Kaufhold & Dix Patent Law we offer no obligation, free initial consultations and a complete service flat fee structure with no surprises.

  • Financial benefits — Obtaining a patent can help you fiscally capitalize on your innovation. A utility patent gives its inventor a monopoly over a technology for 20 years — which can lead to an income stream over this period for the inventor.
  • Invention protection — By filing for a patent, you gain legal protection against the unauthorized use and sale of your invention — and prevent others from profiting off your invention without your consent.
  • Safeguard your business — Startups need to protect their intellectual property to give them a competitive advantage over larger companies in the marketplace.
  • Attract investors — Patents are a good way to get investors, who like to know exactly what they are investing in. A patent application or granted patent will allow them to see exactly what you have to offer.
  • Licensing rights — If you decide not to use the patent yourself, it is essential that you are filed so you have a legal right you can license or sell to a third party — which can generate income.
  • Market position — Patents can help a startup expand its market share, which in turn can limit your competitor's ability to compete in the marketplace.

Complete Service Flat Fee Patent Attorneys

With over two decades of patent law experience, Kaufhold & Dix Patent Law is the go-to firm for inventors and small businesses that want honest advice about the patentability of their invention, skillfully prepared patent applications, and complete representation throughout the patent process — all for one affordable, flat fee.

Our lawyers are here to help you make informed decisions about your patent needs. From our offices in Edina, Minnesota, and Sioux Falls, South Dakota, we help inventors across the country with all their intellectual property needs. For a free initial consultation, call 612-216-1161 for our Twin Cities office, 605-334-1571 for our Sioux Falls office, or fill out our easy to use online contact form.