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What are the advantages of patent protection?

April 26, 2017advantages patent

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What are the advantages of patent protection?

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· Patents are the only protection against independent development by others. · If properly drafted, a utility patent can protect the central concept– the functionality –of an invention. · Patents can be used to offset basic patents held by others. · A patent is evidence of expertise — a demonstrative asset. · Patents can be a source of income to the company — an alternative to raising capital. See Protecting Your #1 Asset, page 96. Go to top.