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What Do You Need to (and When Should You) File a Patent Application?
Learn how and when to file a patent application, and how to avoid common errors.
For life science or medical technology companies, patents are the most important form of intellectual property (IP).
Small businesses rely on patents to maintain the value and lucrativeness of their business. A patent on your design/product will keep people from copying your reinvention, thereby making your company the most sought after for that particular invention.
Provisional patent
Registering the company name and maintaining secrets are second tier IP for these types of companies behind patents.
🔬 Related: Intellectual Property for Life Science Companies
What is a Patent?
A patent is a government-granted right to exclude others from making, using, offering for sale, selling, or importing into the United States the invention being patented.
The most important part of that description is the right to “exclude others''. This means that you can prevent other people from doing what your patent outlines. It does not, however, give you the
- when to patent a product
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