Protecting your invention
A patent will allow you to protect your invention and prevent other people benefiting from your success without permission. If you decide to protect your invention, you should consider which means of protection is the most suitable. Sometimes a patent offers the best protection. Intellectual Property (IP) covers a wide range of subjects and you may find that you can protect your idea by another right, or a combination of rights.
It is up to you to decide whether to apply for a patent and when to do so. This should involve a careful assessment of the risks. It is sensible to conduct research to find out if there is a market for your invention. This will prevent you from investing a lot of time and money in your invention only to find out later that no one wants to buy your product. You will then be unable to recover the costs that you have incurred.
Patents are territorial and must be filed in each country where protection is sought. No one applies for a patent in all countries of the world, as it is much too expensive. You should determine the countries in which your most important markets are located and where you think you can exploit your product to make a profit.
When applying for a patent, you may choose from various options:
If you apply for a patent in the Netherlands first, you will have one year in which to file the same application in other countries. The filing date for the original Dutch application will then also apply to the foreign application. You can use this period, known as the priority year, to do research on the countries that may be of commercial interest for your invention.
Afterwards, if you do opt for a patent, you will have to make a number of choices again. Please take the following into consideration:
- Consider the countries in which there will be a market for your product. It would be wise to extend your patent to those countries. It is important to take future developments into account: a country that does not have interesting prospects as yet, may do so in the future. Market research should be carried out for this purpose.
- Consider whether you wish to continue managing production and distribution or whether you wish to outsource it. You can sell your patent, for example, or license it.
- When selling your patent, consider whether you wish to sell in one go for all countries or if you wish to decide on a country-by-country basis.