Provisional Patent helps the inventor/creator to establish initial ownership over its own invention on submitting Provisional specifications of the product or process.
The documents are required to be filed for Permanent Patent within 12 months or else the Application made would be cancelled completely.
A Provisional Patent Application is an initial step, before the filing of a regular Patent to procure a type of an Interim Protection. The option is formed to deliver investors with an economical way to temporarily safeguard their inventions till they decide to pursue a full Patent.
Only the owners of Registered Patents are allowed to take an action or sue for the damages in case of Patent infringement. If the inventions are not registered then Patent Protection is not enforceable.
Registration of Patent will provide a unique competitive edge for the business. Other competitors will not be allowed to use Patent invention for similar or same goods or services.
Patent Registration creates an intellectual property, which is an intangible asset for an organization. Registered Patent is an intangible asset that can be sold, franchised or commercially contracted.
Filing a Provisional Patent needs minimal information. Even if your invention is at a conceptual stage, the minimum need is to specify the title, the field of the invention, its nature and possible uses to file a Provisional Patent.
Provisional Patent permits to book the name against the owners’ invention even before it is final.
The provisional requirement/description helps you to scrutinize the market potential of the invention made before taking the final decision of filings for a complete requirement of a Patent.
The details of an invention contains
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