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WHY OBTAIN A PATENT

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Most inventors seek a patent to obtain the actual or potential commercial advantages that go along with the right to exclude others. Given the high cost of research and development, the opportunity to recoup these costs through commercial exploitation of the invention often is the primary justification for undertaking research in the first place. Patent rights can be commercially exploited in two basic ways:

 directly, by the inventor’s practice of the invention to obtain an exclusive marketplace advantage (where the patented technology results in a better product or produces an old product less expensively); and/or

 indirectly, by receiving income from the sale or licensing of the patent.

Intellectual Property: A Guide for Engineers

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