The granting of patents is an extremely important mechanism for technological development, for innovation in all fields of knowledge – and perhaps we are even more aware of this importance when we think about medicines, InventHelp Inventions for example.
The truth is that the system, which grants a temporary privilege for the inventor and/or holder to exclusively explore the invention. It is an award for contributing to the development of products and processes that will help everyone, worldwide.
In other words, society gains a lot from this investment in innovation, and the inventor/holder of the invention will be able, with the patent, to explore exclusively for 20 years !! The need to protect an invention is increasingly important for companies of all sizes, especially in a globalized and increasingly competitive market. Among the various reasons for this, we will list in this post the top 3.
Competitive advantage and exclusive economic exploitation
If you have invented something and want to be the only one and explore that product or process – or receive it so that others have access to your invention – the best way is to protect yourself by obtaining a patent, be it an invention or a utility model.
It is in this way that you will have at your disposal more effective measures to prevent copying and any unfair practices that you identify in the market, either from your competitors or even from a company that only does the marketing of products.