- Exclusive rights: From the date of applying for a patent, you own the exclusive right to use or exploit the idea for the next 20 years. Having said this, you have exclusive rights over your invention or idea to see the results coming.
- Firm market stand: By patenting, you earn exclusive rights for your idea/product. With this, you can have a market stand for 20 years without any competition. Well, that is enough to build a monopoly. Don’t you think so?
- Higher ROI: You get the time and market to commercialize your idea and take your small and medium enterprise to a new level with better returns on investment.
- Opportunity to license or sell the idea: Now this can be called one of the best parts of having a patent for your idea. Let’s suppose you don’t want to exploit the idea and enter the market; you can anytime make it available on a license basis or even sell it. Having a patent ensures that the idea will not be stolen or misused. This eventually gives you better scope to commercialize your concept.
- Gives you the authority to negotiate: The authority to negotiate is a by-product here. This comes following once you build a positive image. Having a patent for an idea showcases your sincerity and belief in it. While this helps you earn a better stand, you subsequently create a stronger seat for yourself to negotiate as no one else can use your idea without your permission.
Industry experts often say, ‘It’s all about an idea’.
Having said this, protecting an idea can undoubtedly be called the most important task, soon after having it. This is when patent services in Gujarat come into the picture.
Seeing the fast-paced growth of Ahmedabad, the city has emerged as a new hub not just in the state but in the country. A steep upward inclination has been noticed in brands and individuals looking for patent services in Ahmedabad and patent services in Gujarat.
Looking at this growing trend, we thought of sharing the importance of having patent services in Ahmedabad for your business. Let’s have a look: