Question

Choose a product/service and discuss why you would seek a Patent for it (1 mark). Develop a patency plan for the product and discuss each step of the plan (6 marks). Discuss whether or not all products/services should be patent

Answer 1

Patent gives the innovator the restrictive right, for a constrained period, to prevent others from making, utilizing or selling the designer's product without the consent of the creator.

Step of the Plan

Step 1- Decide the kind of Intellectual Property insurance that you need

To secure your innovation, you may require a patent, trademark, copyright, showcasing plan, exchange insider facts, or a mix of these. Before you start setting up a patent application, see whether you truly need a patent or some other type of Intellectual Property assurance.

Step 2-Decide whether your creation is patent-able

You can't get a patent if your innovation has just been openly uncovered. Along these lines, a pursuit of all past open exposures ought to be directed. A hunt of outside patents and printed productions ought to likewise be led.

Step 3-What sort of patent do you need?

Utility patents might be allowed to any individual who designs or finds any new and valuable procedure, machine, article of production, or syntheses of issues, or any new helpful improvement thereof.

Design patents might be allowed to any individual who develops another, unique, and elaborate design for an article of production.

Plant patents might be allowed to any individual who designs or finds and agamically duplicates any unmistakable and new assortment of plant.

Step 4-Prepare to apply

A patent application is dependent upon the installment of a fundamental expense and extra charges that incorporate an inquiry charge, an assessment charge, and issue expense. Contingent upon your application, there may likewise be overabundance cases charges.

Step 5-Prepare and submit your initial application

Present your underlying application with all the necessary parts required for getting a recording date and incorporate the right expense. Before you sign your application, ensure that you read the composed particular and cases.

Step 6-Get your endorsement

In the event that the inspector establishes that your application is in acceptable condition and meets the necessities, you will get a Notice of Allowance. The notice of stipend will list the issue charge and may likewise incorporate the distribution expense that must be paid preceding the Patent being given.

Step 7-Keep up your patent

Support expenses are required to keep up a patent in power past 4, 8, and 12 years after the issue date for utility and reissue utility patents. On the off chance that the upkeep expense and any material additional charge are not paid in an opportune way, the patent will lapse.

By giving the privilege to deliver a product unafraid of rivalry for the span of the patent, motivating force is accommodated organizations or people to keep creating imaginative new products or administrations.