Patents For Ideas & Intellectual Property (IP)
Can you patent an idea for a new invention?
To answer that, it's imperative to understand what a patent is and how to secure one for your intellectual property - or, your idea.
A patent refers to the exclusive rights held by an inventor given to them by the United States Patent and Trademark Office for an original and fully conceptualized product, process or service.
Patents give their holders the exclusive right to make, sell or use the invention. More importantly, they bar other individuals or entities from making, selling, or using the product without the consent of the patent holder.
Generally, the patent grants rights for up to 20 years beginning on the date an inventor applies for a patent or the date a previous application is filed.
In special cases, an inventor can apply for extensions or adjustments on patents already held.
It should also be noted that these patent rights are only valid within the United States and U.S. territories. There are different patent laws globally.