The purpose of a patent is to provide rights for an invention to the individual who created the invention idea for the product. The inventor is expected to prepare a strategy for the product and once this is done, apply to the patent office. The moment you have patent assistance, depending who is helping you, you’ll acquire a huge number of vital benefits that will protect your invention and future monetary investment.
Patent assistance can help prevent theft of the intellectual property. Usually, the key issue of concern on an inventor’s mind is how to protect the new invention idea from being stolen while the finishing touches on the creation and application process are being worked out.
If the inventor hasn’t begun to file for a patent, anyone from the public can legally claim the idea or invention as their own. It would be difficult to establish who exactly created the idea initially. However, with patent assistance nobody can pinch up your ideas or use them without your consent as shared in https://thriveglobal.com/stories/a-discussion-about-inventhelp-and-helping-people-achieve-their-goals/ article.
Take the above with a grain of salt… make it 2 grains. The above information is only true if you are using the help of an honorable firm. You must really do your homework in this area BEFORE you divulge your invention information.
Another benefit of patent assistance is that once you get a patent, it is regarded as a positive feature to your business. The reason for this is that the idea of your invention can achieve fame and the demand for it can develop with time. The patent will then increase in value and thus making your business more lucrative.
The other reason why patent assistance is of great benefit is prolonged existence. As soon as a new and useful product comes into the market, it takes a very short period of time for other competitors to carry out their own research and imitate the idea.
Once you get a patent it will be active for 20 years (this is true in most cases however there are different types of patents with different expiration times). Therefore, you will have enough time to produce and generate an income from your invention without the fear of some other company coming to exploit your brilliant concepts.
Financially, your patent can be sold utterly to another for monetary compensation. Another benefit is that you can license your patent to other parties for a certain percentage of the sale cost. It does not matter whether you are a whole business organization or a self-governing innovator. A patent is a very precious asset that is highly needed to protect you from crooked people and companies who are out to gain money from your own original invention.
You can also get a design patent for your product. The best thing about design patents is that they help in reducing competition. Once your inventions are protected, competitors are forbidden to manufacture a product which is impossible to tell apart from the already existing one. Note that the design patents only protect the design of your invention and not the idea. That means that this patent is much weaker than a utility patent. However, they are very helpful in protecting the identity of your invention as explained on https://easyreadernews.com/why-inventhelp-has-become-so-crucial-for-new-inventors/.
Seek patent assistance only after you have thoroughly done your research concerning your invention. If you feel you don’t have time to research patent assistance companies to find one that’s best for you, contact a local patent law firm.
It is a little known fact, that the founder and current CEO of the Tesla Motor Car Company Elon Musk, named the company after the physicist and electrical engineer Nikola Tesla who developed the first AC electric motor way back in 1882. Indeed the electric motor featured in the popular Tesla Roadster electric car is a direct descendant of the original AC motor as stated in http://theavtimes.com/2020/07/01/amazing-ways-inventhelp-can-assist-you-as-an-inventor/ article.
The Tesla Motor Car Company is located in Silicone Valley in Santa Clara County West California USA; it is a public company and is a member of the group which links all security dealers involved in electronic communication systems in the USA together (NASDAQ).
The company produces electric cars and parts for electric power train usage, and though having to struggle for a decade or so finally showed a profit in the first quarter of 2013 thanks largely to the increased sales of its Tesla Roadster vehicle, the first all electric sports car.
During the early years the company was heavily subsidized by the US Government who of course were heavily interested in encouraging the development of energy efficient electric motor cars in line with the dwindling natural oil resources, while keeping an eye out also for reducing CO2 emissions from the exhaust pipes of petrol driven vehicles. The Tesla Motor Company has fully repaid this debt of $250 million borrowed about 10 years earlier and made itself a handy profit also, thus reflecting the strength of the companies stock with NASDAQ.
It is reported the CEO, Elon Musk is on record as stating that he believed the Tesla Motor Car Company to be the best in the world, and by examining the companies track record over the last decade there certainly an element of truth in the statement.
The Roadster sports model has proven to be popular and successful while the Model ‘S’ recently introduced is quite revolutionary despite many negative comments relating to its many attributes, mainly from the gas producing companies!
For the future development of the company Elon Musk is basing his thoughts around three corporate strategies aimed at producing a variety of electric powered motor cars and making them readily accessible to the general public as seen on https://www.newsbreak.com/news/1606220763464/how-new-inventors-are-benefitting-from-inventhelp-assistance.
By selling quantities of electric motor cars in company owned showrooms distributed around the country, and by using commercial sales sites on the internet thus enabling the cars to be sold online.
Continuance with the policy of producing electrical parts for power trains and selling them to other motor car manufacturers to assist in the early delivery of electric cars to the consumer, at the earliest possible time.
To act as the stimulus and lead the way in encouraging other motor car manufacturers, thus demonstrating that there is an undoubted demand for high performance and energy efficient electric motor cars.
Certainly other U.S. motor car manufacturers are sitting up and taking notice of the success of the Tesla Motor Car Company, indeed the Chairman of the world renowned car manufacturer General Motors (GM) admits freely that the Tesla Roadster model was the inspiration behind GM producing its sedan electric motor car the Chevrolet Volt.