When we work hard on something, we surely want to make sure that no other can get their hands on that. Like for example if you are a writer and you already draft another book, for sure you want to make sure that no one can get to it like the idea and the thought. Yes, anybody can grab your idea and use them for their own books if you will not watch out like a friend, relative and some of the people around you. But how can you make sure that your idea will not be grabbed by others? What will you do to lock your own creation? There is only one thing that you can do so that others cannot get their hands to what is yours and that is to apply for a patent. This is the legal way so that even if they try, they cannot use what they stolen since it is yours legally.
Patenting is making your own creation really your own like no one can sell it or no one can use it for business unless you allow them to. Aside from the scenario mentioned above, below are more reasons to apply for a patent:
– One reason to apply for patent is when you want to relay to some of the investors in your area that what you have is really worth it and that in fact, you are quite serious about the said item thus you will apply for a patent. This way, they will be motivated to invest their hard earned money seeing that you really apply for patent for it. It is like saying that what you have is unique and expensive.
– You don’t want others to be involved in your invention like if what you have can be used to business, you want to exclude them and you want to be the only one to deal with it. It means you want to have fully ownership about such invention and be asked permission if they will try to do business with it.
– Another reason is to generate ROI by letting others commercialize what they own by licensing it like others will rent such invention so that it can be used for business. There are also times when one will really sell out the patent instead of just licensing it.
– Patenting is also a way to also market your invention like it will be quite a catch if what you are marketing will be marked “patented” like the effect will be quite different. It will catch more attention thus there are some who apply for patent as their marketing strategy as well.
When you apply for patent like in Australia, you will not be obliged to hire an attorney. However, the chance of being awarded with the patent is less as well because an ordinary layman might not be able to explain well the reason for the patent application. Note that there are terms that might be hard to understand. Thus if you need the patent very much, then you should hire an Australian patent attorney.