The invention of the light bulb has been attributed to many people, but history is unclear. What we do know is that Thomas Edison was granted a patent for his light bulb in 1879, and ever since then inventors have relied on patents to protect their ideas from being stolen. A patent is a legal document that protects your invention from being copied or stolen. It can help you generate revenue through licensing deals with other companies, or by manufacturing your product yourself. In this article, we will explore how UK patents work, what kind of ideas they can protect, and why they are so effective at protecting ideas from being stolen or copied by others.
What is a patent?A patent is an intellectual property right that gives the owner exclusive rights to make and sell an invention or product for a certain number of years. This helps inventors and developers get credit and earn money for their ideas while protecting others from copying them. A lot of people think that obtaining a pattern will be difficult or expensive, but isn’t always the case. Patents can protect any kind of idea that has not been done before. That includes software, inventions, and other products. UK patents last twenty years from when they are filed and are then subject to renewal at the end of that time.
How much does a patent cost?It costs around £500 to file an application for a standard UK patent, but if you pay another £200 on top of this you can fast-track your application so it’s processed more quickly. The cost will depend on what kind of idea is being patented, how complex it is, and other factors like that. However, after filing, there are several other fees that will have to be paid before a patent is issued, which include: the issue fee – just over £900; maintaining your exclusive ownership rights up until grant – about 15% of the first year renewal fee; and the registration payment – about £200.
Why are patents so effective at protecting ideas?Patents are one of the most effective ways to protect your invention from being copied or stolen because they have a lifespan of twenty years that is counted from the date they are filed within any given country. This means that even if someone copies your idea after you get a patent for it in another country, you can still enforce your rights against them under what’s called “nationality”. For example, if you are an inventor living in the UK and you get your UK patent before filing internationally, you will be able to use your UK patent as proof of ownership anywhere else around the world. Furthermore, even if there isn’t yet any protection offered in the country you are filing for, if your patent application is accepted, it will stop other people from receiving patents which would otherwise have been granted.
Steps for getting a UK patent:The process of applying for a patent is fairly straightforward but there is a lot that needs to be done. Here is how to do it:
- First, you need to decide if your idea or invention is patentable. To do this you must be able to show that your idea has an inventive step when compared with what already exists in that industry or area of technology. If it doesn’t meet this criteria then your application may be refused.
- Second, find out which type of patent best suits your needs. There are two types of patent available in the UK: utility patents and design patents and plant patents. You can apply for both at once but only choose one if necessary.
- Third, decide whether you will file for a UK patent or an International (pCT) application – which is one filed in about 100 countries around the world through the WIPO. There are advantages and disadvantages of each, so read up on them thoroughly before making your decision. Previously UK patents were automatically granted the same status in the European Union, but post-Brexit you will need to look into your options.
- Fourth, get everything together that is required for filing your UK patent application including: descriptions; drawings/figures where necessary; claims (which are the most important part); an abstract, which is a brief overview of your invention; an applicant’s declaration; and the filing fee.
- Finally, after the patent has been granted, you need to protect your invention and stop anyone else from copying it. Patents are so effective because they offer something no other form of protection can: the monopoly right to sell your product in a certain country. It is important that this status and exclusivity is protected by sending out Notices of Threatened Litigation (NTL) letters if someone tries to copy or steal your invention! It will cost about £40 per letter but it is well worth it to protect your intellectual property.
How can you make money from your patent?Once that’s done, you can start looking into how much money there might be in licensing out your idea. This will enable you to sell on the use of your intellectual property so that others can produce and sell products based around what makes yours special. Once you’ve had a few offers of licensing, decide who to sign your licensing agreement with carefully. It’s likely going to be the company which has made you the best offer (in terms of money and other benefits) that will become responsible for actively promoting or selling your idea on your behalf, and if this is done well, there could be some major royalties set to come your way.