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Provisional Patent Applications: What You Need To Know, Part 15

Three dice that spell out the word "WHY" on a green wooden table

Why Should You File A U.S. Utility Patent Application?

  • To Get A Limited Monopoly: A U.S. utility patent application can issue as a U.S. Patent, and a U.S. Patent can be used to sue or threaten to sue others in the U.S. for practicing your invention. If your market analysis indicates that your invention would provide you with a commercial advantage in the U.S., then a U.S. Patent can give you a monopoly over that commercial advantage for the life of your patent.
  • To Get Investors: Many inventors require that you protect your innovations and future profits by applying for patents before they will invest in your company.
  • To Showcase Innovation: Many companies use patents as marketing tools that indicate how innovative the company is during a period of time.
  • To Sell Or Rent: A U.S. utility patent application is a type of intellectual property that you can sell (assign) or license (rent) to make money or at least offset the cost of your research expenses.
  • To Get Regulatory Exclusivity: For products (e.g., drugs) that require regulatory approval from the Food and Drug Agency (FDA), you can get the drug approved and have a patent that covers that drug listed in the “Orange Book” to prevent competitors from seeking regulatory approval.

Warning: A U.S. patents and U.S. patent applications do not necessarily make you money. If your market study indicates that your invention will give you a commercial advantage, then a U.S. utility patent can help you protect the profits you will make based on that commercial advantage. A patent that protects a commercial advantage can also be assigned or licensed to someone else who values that commercial advantage. Want to make money? Evaluate the market for your invention.

No Market = No Customers = No Money.

Provisional Patent Applications
1. Provisional Patent Applications: What You Need To Know, Part 1
2. Provisional Patent Applications: What You Need To Know, Part 2
3. Provisional Patent Applications: What You Need To Know, Part 3
4. Provisional Patent Applications: What You Need To Know, Part 4
5. Provisional Patent Applications: What You Need To Know, Part 5
6. Provisional Patent Applications: What You Need To Know, Part 6
7. Provisional Patent Applications: What You Need To Know, Part 7
8. Provisional Patent Applications: What You Need To Know, Part 8
9. Provisional Patent Applications: What You Need To Know, Part 9
10. Provisional Patent Applications: What You Need To Know, Part 10
11. Provisional Patent Applications: What You Need To Know, Part 11
12. Provisional Patent Applications: What You Need To Know, Part 12
13. Provisional Patent Applications: What You Need To Know, Part 13
14. Provisional Patent Applications: What You Need To Know, Part 14
15. Provisional Patent Applications: What You Need To Know, Part 15
16. Provisional Patent Applications: What You Need To Know, Part 16
17. Provisional Patent Applications: What You Need To Know, Part 17
18. Provisional Patent Applications: What You Need To Know, Part 18
19. Provisional Patent Applications: What You Need To Know, Part 19
20. Provisional Patent Applications: What You Need To Know, Part 20
21. Provisional Patent Applications: What You Need To Know, Part 21
22. Provisional Patent Applications: What You Need To Know, Part 22
23. Provisional Patent Applications: What You Need To Know, Part 23
24. Provisional Patent Applications: What You Need To Know, Part 24
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