All the benefits of protecting your inventions

A patent is a legal instrument that gives its holder exclusive rights to exploit an invention across the jurisdiction of the sovereign state that has granted the patent. This means that, for a period of twenty years from the filing date, patents give their owners a precious market protection preventing anyone else from copying their technology.

Filing a patent should be considered one of the steps in a wider IP strategy aimed at increasing your business’s market share, protecting it against competitors, and creating opportunities for strategic partnerships, mergers or acquisitions. A strong patent strategy should always be seamlessly integrated with the company’s overall vision.

Since patents fall under the jurisdiction of individual nations, it is crucial to carefully choose where to file a patent: priority may be given, for example, to the countries where the main competitors are based, or those where the market for the patented product(s) shows the greatest potential. Often, a patent strategy focusing on certain countries allows businesses to gain significant market shares.

A patent is a true corporate asset that can help companies obtain funding or bank loans, generate revenue through royalty payments from license agreements, and even benefit from significant tax breaks. The possibility of profiting from this particular form of protection often serves as an incentive for companies to intensify their research activity and step up investments.