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What is the importance of conducting patent searches?

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What is the importance of conducting patent searches?

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Searching patent and technical databases determine whether the invention is novel and inventive. The searches also reveal information about the state-of-the-art in a particular technology, for example, it helps you to know what your competitors are up to. Patent searches can also determine infringement, i.e. when an unauthorized person does something that falls within patentee’s monopoly, and it is not at all uncommon for this to trigger legal action.

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