patents

Patents are typically used to provide exclusivity to an inventor for their use and exploitation of their invention. The registered owners of patents are often companies which have invested in research particular to their area of trade which has resulted in an innovative product for use in their business.

Patents are not always the best way to protect your ideas, and many new and innovative ideas are not eligible to be registered as a patent. Other options which are often used in business are strict confidentiality measures and the top secret recipes for popular soft drinks are often protected in this way.

Like other types of intellectual property, a patent can be bought, sold and licensed. Many businesses are formed around a single patent and can generate considerable income from licensing that patent for sectors and countries where they do not trade.

Registration and enforcement of patents can be expensive and often takes many years. Therefore, this option is not suitable for every business. We work with our clients to help explore their options and find the most suitable solution for them.