Reasons for Patenting Inventions

Imagine coming up with a rally brand that is very successful, only for someone to come and use your brand name, and there is nothing that you can do about it? This is the last thing that any inventor or business person would want, since people can steal their ideas and make money from them. This is the reason why people should patent their inventions, brands, or businesses. In this article, we are going to look at some reasons for patenting inventions.

Exclusive rights

Patents give people the exclusive rights of their inventions the moment that they file a patent application. These rights are valid for 20 years from the date of application.

Strong market position

People cannot use patented inventions to benefit commercially. This means that the competition will be less and one can become a pre-eminent player in the business.

Higher returns on investments

Having the exclusive rights to the invention means one can have a higher return on investments.

Opportunity to license or sell the invention

A person can do whatever they want with the invention, and this includes selling it or licensing the rights to other people. This makes it a good source of income.

Increase in negotiating power

Owning the patent means a higher bargaining power when you would like to get the rights to use another patent. This is because your patent could also be of interest to the other party.

Positive image for your enterprise

Patent portfolios are demonstrations of great expertise by business partners, investors and shareholders. This means that if you were to raise funds or find business partners and raise your company’s market value, it would be much easier.

Reasons for Patenting Inventions
Reasons for Patenting Inventions

Stinger Law, L.L.C. – Kansas City DUI Lawyer

The best way to secure your patent is by using a lawyer, since they would know all the legal procedures involved. Lawyers can also be used or other things such as legal advice, divorce, DWI charges, among many other things. That is what brings us to the next subject in this article, Stinger Law. This is a law firm that is located in Kansas City and headed by Charles Stinger, a DUI/DWI lawyer. Charles has litigated DUI cases in thirteen different counties throughout the metropolitan region. If you were looking for a DUI or DWI lawyer, Kansas City, MO, Charles is the man to come to, since he is aggressive when it comes to Most people think that when they are charged with DUI or DWI, they are done, fighting every aspect of the DUI charges.

With Stinger Law, one doesn’t need to worry about a poor defense that could lead to the loss of reputation, freedom, financial assets, and the ability to provide for you and your family. People should act fast when engaging the lawyer, since the earlier it is, the better chances of having a more positive outcome. They offer free consultation and can be reached on phone.

Summary

Lawyers are handy in many things such as patenting, or dealing with DUI, or DWI charges. Choosing the right lawyer will ensure positive outcomes. That is where lawyers like Charles Stinger come in handy.