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How to patent your invention
A patent is a government granted right that allows the
inventor to exclude anyone else from making, using or selling the invention
in the country that issued the patent. The government grants this right
to help encourage inventors to spend the time, money and effort to invent
new products, technologies and the like.
In the United States, the term of a new patent is 20 years from the date
on which the application for the patent was filed or, in special cases,
from the date an earlier related application was filed, subject to the
payment of maintenance fees.
When a patent expires, the invention enters the "public domain"
allowing anyone to make, use or sell the invention without needing the
permission or paying any royalty to the inventor. The government requires
patents to expire because otherwise one person can control an entire industry
if that person was the first to conceive of a type of product.
The patent law specifies the general field of subject matter that can
be patented and the conditions under which a patent for an invention may
be obtained. Any person who “invents or discovers any new and useful
process, machine, manufacture, or composition of matter, or any new and
useful improvement thereof, may obtain a patent,” subject to the
conditions and requirements of the law.
In order for an invention to be patentable it must be new as defined
in the patent law, which provides that an invention cannot be patented
if: “(a) the invention was known or used by others in this country,
or patented or described in a printed publication in this or a foreign
country, before the invention thereof by the applicant for patent,”
or “(b) the invention was patented or described in a printed publication
in this or a foreign country or in public use or on sale in this country
more than one year prior to the application for patent.
If the invention had been described in a printed publication anywhere
in the world, or if it has been in public use or on sale in this country
before the date that the applicant made his/her invention, a patent cannot
be obtained. If the invention had been described in a printed publication
anywhere, or has been in public use or on sale in this country more than
one year before the date on which an application for patent is filed in
this country, a patent cannot be obtained.
In this connection it is immaterial when the invention had been made,
or whether the printed publication or public use was by the inventor himself/herself
or by someone else. If the inventor describes the invention in a printed
publication or uses the invention publicly, or places it on sale, he/she
must apply for a patent before one year has gone by, otherwise any right
to a patent for an invention will be lost. The inventor must file on the
date of public use or disclosure, however, in order to preserve patent
rights in many foreign countries.
According to the law, only the inventor may apply for a patent for his
or her invention, with certain exceptions. If the inventor is dead, the
application may be made by legal representatives, that is, the administrator
or executor of the estate. If the inventor is insane, the application
for patent for an invention may be made by a guardian. If an inventor
refuses to apply for a patent for his or her inventions, or cannot be
found, a joint inventor or, if there is no joint inventor available, a
person having a proprietary interest in the invention may apply on behalf
of the non-signing inventor.
If two or more persons make an invention jointly, they apply for a patent
as joint inventors. A person who makes only a financial contribution for
the invention is not a joint inventor and cannot be joined in the application
as an inventor.
Additional information on how to patent an invention is available at
http://www.newideatrade.com/patents.htm.
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» Controlling
the price changes in futures markets
The lock-limit is one way that the markets can be controlled.
» How
much will price changes effect stock trading?
Price elasticity is an economics term that refers to
the way that price changes of stock can affect the demand for that
stock.
» Large
volume trading in steps
Program trading is a term that is also used in at least
two different (though similar) meanings.
» How
many stock options are available?
Open interests are not a feature of all stock market trades.
In fact, open interests are calculated based on options and futures
trades.
» Protect
your portfolio from large losses
If you are worried about the stock market, then you
might want to consider portfolio insurances.
» Insure
your investment without limiting returns
Are you looking for a way to trade on the stock market
without having to deal with all of the risks?
» Regional
funds explained
Increase your portfolio diversity with funds from other
regions.
» What
is a derivative?
Invest in commodities without buying the commodities themselves.
» What
is an option?
An option is an agreement that a commodity or stock
will be available for purchase at a set date.
» Should
I always pay a commission when buying mutual funds
There are three main types of mutual funds when it comes
to commissions.
» Find
the lowest risk investment portfolio
If you're trying to find a good investment portfolio,
then you may want to look at the Treynor measure.
» The
difference between PAX World Funds and The World Funds
The first type is purchased through the company PAX,
and these funds focus on socially responsible companies.
» The
Alpha factor explained
A new method of differentiating between different investments.
» How
good is your planned investment
A company prospectus is a legal document that has been
filed by the company that you might be thinking about investing
in.
» How
do I find the best investment advisor?
If you're looking for the best investment advisor for
you, you should make sure that you pay attention to the type of investments
that that advisor usually recommends.
» How
to find the best full-service stockbroker - ask questions
Before you decide who you should choose for your full-service
stockbroker, make sure that this is the best option for you financially.
» Investing
in commodities
Investing in commodities is not too hard to do - the
real problem comes in when you are trying to decide which commodities
you should invest in, and when it is better to buy or sell a particular
product.
» Don't
wait to get your retirement payments!
If you're looking for an annuity, there are a variety
of different annuities to choose from.
» Multisector
bond funds explained
If you are looking to invest in bonds, but you are not
sure that you want to deal with making all of the purchases on
your own, bond funds might be the right option for you.
» Private
annuity explained
The biggest difference between a regular annuity and
a private annuity is that private annuities take place between
two individuals, instead of between an individual and an insurance
company.
» Avoid
estate taxes with a life insurance trust
If you're looking for another way to insure yourself with
a life insurance policy that will avoid any taxes after your death,
then you should look into getting a life insurance trust.
» What
is a Section 1035 policy exchange?
Don't lose insurance money when you change policies.
» Who
should consider annually renewable term life insurances?
If you're looking for a good insurance policy, then
you should probably take a good look at your financial situation,
and at what you can count on being your situation in the future.
» Death
benefit only plan explained
If you need life insurance, but you are not able to afford
the regular price for life insurance, then you might want to look
into a death benefit only plan.
» How
to save money on your homeowner's insurance
In the case of homeowner's insurance, the most common
way to reduce the amount of money that you will be paying each
month is to increase your deductible.
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