In this episode, we discuss patent law with Bennett C. David, an intellectual property attorney. He is simplifying the patent application process and facilitating patent litigations. Patent law has become increasingly compacted since most modern innovations are merely improvements on previous inventions, which is why it is critical to prove and defend your novel concepts. Anyone can file a patent, regardless if they created it or not, so today Bennett details everything you need to know to protect your ideas from corporations who would appropriate your designs. Owning your patent not only ensures ownership but also increases the valuation of your company allowing you to compete in the arena of big business.
Key Takeaways:
[4:30] Discerning if your innovation warrants a patent
[5:38] What type of patent is suitable to the design or service you’ve created
[6:50] Broadening your protection by building an IP portfolio
[8:40] Proving commercial recognizance and creating income through licensing
[9:45] Fleshing out your application with proof of your novel concepts and expertise
[12:32] Mitigating risk when facing an infringement case
[14:44] Filing a provisional application while you make your product commercially viable
[17:50] Expedite the patent process with a nominal fee
[19:00] Owning your IP is an asset that increases the value of your company
To learn more about Bennett and patents visit his website at https://davidiplaw.com/
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Disclaimer:
The Legalpreneur Podcast is advertising/marketing material. It is not legal advice. Please consult with your attorney on these topics. Copyright Legalpreneur Inc 2022
