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Benefits of Getting a European Patent

By: Petra E. Penn

Date Added : October 3, 2011 Views : 486
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The reasons behind patenting are as diverse as the reasons behind the existence of various industries in the world. Every industry concentrates in the production of a specific product. This means that one has to differentiate himself in order to be the sole owner of a new concept. This is the secret behind a patent. It helps one become the registered owner of a particular concept or product. All in all, it is important to understand that a European patent has a limited life. It can run for up to 20 years or less. There are many benefits reaped from the choice of this option.

First, one becomes the sole owner of the concept. This is the main reason why one should patent a new concept. There are many people who have invented new products in the world today. However, they are not recognized. This is due to the fact that certain bright individuals steal their concept so that they become the owners of the new idea. This can be devastating for many people. It is close to impossible for one to retake a concept if it is already patented under a different name. The first step should therefore be the taking of a patent in Europe after any invention. This will help elude chances of being robbed.

Second, a patent helps combat the problem of duplication. There are many people who have come up with create industrial applicable concepts but have failed to register them. In the end, the concepts are taken by other people or another inventor comes up with a similar invention and gets a patente for it. In the end, the original inventor is robbed off the rights of claiming the concept to be his. This is what calls for the need to always be quick in registering. This will help avoid the duplication problem which could be devastating.

Third, the patent helps in the validation of a concept. When a new concept has been developed, it is taken through a series of tests to determine its credibility and whether it has been used before or not. This is done through European patent validation. If care is not taken, people end up in immense frustrations. To be on the safe side, one is advised to take up the European patent in good time. The test will help determine whether the concept exists before wasting time and money in developing it. This step also helps avoid the duplication problem. This is due to the fact that new inventors are able to know that such a concept does exist.

Fourth, one is able to make good money from his concept. This is the main idea behind European patent. The patent is given to help the inventors reap the full benefits of their product by selling the concept to the industry. However, it is important to understand that a patente has a limited life. In most cases, it lasts up to 20 years depending on the primary requirements. It is during this time that one gets to reap the full benefits.

Peter E. Penn is the author of this article on European Patent. Find more information on European Patent Validation here

Article Source: Benefits of Getting a European Patent

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