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Poughkeepsie Intellectual Property Law

Patent Protection Not A Get-Rich-Quick Scheme

People sometimes believe that upon receiving a patent approval, wealth is more or less assured. This is not the case. First of all, getting a patent itself can be a years-long process with a lot of back and forth. And getting the patent is only the first step. And it's often what happens after the patent has been granted that really matters.

Think long-term

Once you have your patent in hand, you still have the hard work of making the patent fit into a larger context of a business. First of all, if the business is not yet established, you will need to go through the steps to set it up, do market research, decide what kind of business formation you will need, consider the tax implications of the business formation, and think through everything else you need to start a business. Then there's also the matter of building a prototype that will serve as the template for your product. Once you have that finished, you're still not finished--there's still the matter of how you will get your product on the market. This means having an investor or investors who will be willing to support your idea and provide the necessary funds to bring your product forward.

Can You Speed Up Your Patent Application?

Most US patent applications will sit on an examiner's desk for a year (or more) before the examination process even begins. From start to finish, obtaining approval for your application can take two years or more. It may be advantageous in some circumstances to obtain a patent earlier - such as to improve the amount, or likelihood of obtaining investment for a business related to the invention. So what can you do if you have a patent application that can't wait for the normal examination process to conclude?

Speed up Examination

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 Saile Ackerman LLC

Saile Ackerman LLC
28 Davis Avenue
Poughkeepsie, NY 12603

Phone: 845-452-5863
Phone: 845-452-3204
Fax: 845-471-2064
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