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ARTICLE · 07 NOVEMBER 2021

An Introduction To Patents

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Obtaining patents for your technology can be crucial to gaining market share, maintaining competitive advantage, and securing the funding needed to establish and grow your business.

United StatesIntellectual Property
Shabbi Khan
Shabbi Khan
Navid Fanaeian
Navid Fanaeian
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Obtaining patents for your technology can be crucial to gaining market share, maintaining competitive advantage, and securing the funding needed to establish and grow your business.  The more your goods and services get noticed by competitors and potential investors, the more important patents become.  Patents are a form of legal protection for the intellectual assets of your business, and each patent can serve as both a sword and a shield.  A patent may be your first thought in protecting your ideas, but patents can be confusing at first.  Let's take a brief look at the broader category of intellectual property first and then discuss the different types of patents.

Ownership of physical objects is relatively straightforward.  If you alone own your car, someone who takes it without your permission would be stealing.  Other people may have identical cars—the same make and model, the same color, but they would not have your specific car.

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