Registration of a patent

Protection of Inventions Madrid

Registration of a patent

What is a patent?

A Patent is a title that recognizes the right to exclusively exploit the patented invention, preventing others from manufacturing, selling or using it without the owner’s consent. In return, the Patent is made available to the public for general knowledge.

The right granted by a Patent is not so much the right to manufacture, offer on the market and use the object of the Patent, which the holder always has and can exercise, but, above all and singularly, “the right to exclude others” from the manufacture, use, or introduction of the patented product or process into commerce.

The duration of the Patent is twenty years from the filing date of the application. To keep it in force, it is necessary to pay annual fees from its granting.

Registration of a patent

The right to exclusively exploit an invention preventing others from manufacturing, selling or using it without the owner’s consent, through the Registration of a Patent.

Reasons to patent inventions

A solid position in the market and a competitive advantage.

A patent grants its owner the exclusive right to prevent others from using the patented invention commercially, thereby reducing uncertainty, risk, and competition from imitators. It usually provides additional earnings in one or more of the ways listed below.

Access to technology through cross-licensing.

If your company is interested in technology that is owned by others, you can use patents held by your own company to negotiate cross-licensing agreements.

Access to new markets.

Licensing patents to others can provide access to new, otherwise inaccessible markets. To do so, the invention must also be protected in the corresponding foreign markets.

Reduction of infringement risks.

By obtaining patent protection, you will be able to prevent others from patenting the same invention, and you will also reduce the risks of infringing the rights of others when marketing your products. While a patent does not by itself provide “freedom to use” the invention, it does prevent others from patenting similar or identical inventions and provides an indication that the invention you have patented is new and significantly different from the “prior art”.

Increased ability to obtain financing at a reasonable interest rate.

Owning patents (or licensing to use patents held by others) can increase your ability to raise capital to bring a product to market.

Increased ability to successfully take legal action

Owning a patent greatly increases your ability to successfully take legal action against those who copy or imitate your protected invention.