The article discusses legal aspects related to filing patent applications. Filing separate patent applications for related ideas in the U.S., unlike in Canada and elsewhere, the applicant for a patent application is considered to be the inventor. This approach creates a problem if one project team...
In general terms, a patent is an exclusive right that is granted to any invention. This right is fully owned by an individual or company that has developed a first-of-its-kind product. Similarly, patent an app idea is to patent the original app concept which is completely unique in the ...
Patents play a crucial role in protecting intellectual property and fostering innovation. However, the increasing complexity of patent systems has given rise to a phenomenon known as “patent thickets.” These dense webs of overlapping patent rights can significantly impact innovation, market entry, an...
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Align patent prosecution efforts with your regulatory strategy. Pursue multiple indications or dosage forms in parallel when feasible. Coordinate closely with regulatory experts to maximize the chances of same-day approvals. Be prepared to file PTE applications quickly after FDA approval. The Impact ...
Why get a patent?You’ve come up with a fantastic product idea. It could be the next big thing, but how do you make sure it stays yours? This is where patents come in. A patent is a way to claim ownership of your invention. It gives you the right to stop others from copying, ...
As Steve Jobs said, “The only way to do great work is to love what you do.” Starting your own business is a big step toward doing work you’re truly passionate about. But before you jump in, it’s important to answer a few key questions: What problem are you solving? Who’s ...
When a drug patent expires, it opens the door for generic manufacturers to enter the market. This competition typically leads to a significant drop in drug prices, often by 80-85% within the first year of generic availability. Price Dynamics The introduction of generic alternatives can dramaticall...
Patent and Trademark Office to make sure you properlyProtect Your Business Name. Trademarks also exist at the state level, so check with the office in your state that handles trademarks. If you need to update your business name later on, check out our guide onHow to Change Your Business ...