It is commonsense that maintaining a competitive edge in today’s business economy includes protecting your rights and maximizing the profits from your ideas. It is also commonsense that in today’s economy, the valuable asset of many businesses, big and small, is not always in the value of the real estate they own or the other tangible assets that they may possess. Rather, in today’s economy, the most valuable assets that many companies own are knowledge-based assets such as proprietary know-how and how the creative ways these “ideas” are applied to their existing business or even a new business.

A patent provides legal protection for those ideas. They allow the owner of the idea to profit from the idea for years to come. They also give the holder the legal right to stop others from “borrowing” the ideas unless they: (1) obtain the holder’s permission first, then; (2) buy or lease the patents from holder; and (3) compensate the holder for their use of the patents on terms acceptable to the holder.

By utilizing our nation’s patent laws, you are documenting ownership of your idea and backing-it up with some of the strongest business protection laws in existence. But it is important to act. This is because the first to capitalize on a new idea or innovation usually has a huge advantage in not only claiming it but also in exploiting it. It is no secret that once a business begins to implement a successful idea, other businesses find out about it and move immediately to copy the idea. Patent laws protect against such abuse. They establish strong and effective monopoly rights for the holder and puts up legal barriers that prevent the competition from copying those ideas.

Alan Geraldi is a Registered Patent Attorneys and is specifically licensed to practice before the U.S Patent and Trademark Office. He will review your idea and then provide you with information as to the steps involved in obtaining protection for a new or improved product or process. Contact him at (925) 236-0045.