A patent provides its owner with the proper to exclude others from exploiting the proprietary technology, including, for instance, making, using, or commercialism the proprietary invention. This “exclusive right” allows the patent owner to recoup development prices and procure a come of investment within the development of the proprietary technology. Effective patent protection stimulates analysis and may be a key demand for raising working capital. it's additionally crucial to overall economic process. An organization that decides to file patent applications ought to adopt a strategic approach that obtains worth from patents whereas minimising prices related to getting the patents.
Value from patents offer a good vary of import to their house owners, a number of which can be a lot of applicable to 1 business or another. First, patents offer freedom of movement within the company’s field. For several firms, this freedom of movement is often terribly valuable, particularly during a packed field with several competitors or during a field dominated by one player. Filing patent applications early helps limit the chance that somebody else has obtained (or can obtain) a patent on a similar plan. This early mover position provides the corporate with larger assurance that it'll not have to be compelled to license technology from a patent holder. Indeed, the earlier patents area unit applied for, the higher the prospect that somebody else won't be initial.
Awards 2021: Entrepreneurship & Organization Management
Awards 2021: Entrepreneurship & Organization Management
Research Article: Entrepreneurship & Organization Management
Research Article: Entrepreneurship & Organization Management
Mini Review: Entrepreneurship & Organization Management
Mini Review: Entrepreneurship & Organization Management
Research Article: Entrepreneurship & Organization Management
Research Article: Entrepreneurship & Organization Management
Research Article: Entrepreneurship & Organization Management
Research Article: Entrepreneurship & Organization Management
Opinion Article: Entrepreneurship & Organization Management
Opinion Article: Entrepreneurship & Organization Management
Research Article: Entrepreneurship & Organization Management
Research Article: Entrepreneurship & Organization Management
Research Article: Entrepreneurship & Organization Management
Research Article: Entrepreneurship & Organization Management
Entrepreneurship & Organization Management received 1115 citations as per Google Scholar report
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