It does not make sense for all businesses to file a patent application.
This decision depends on your industry, investment, revenue, aspirations, business model, product, price point, and many other factors.
For many businesses, it’s relatively easy to determine that they don’t need to spend time or money filing a patent. For others, it’s clear that they do need a patent. The vast majority of businesses, however, are in the middle. For these businesses, determining whether or not they need a patent requires a concerted effort to review the opportunity, risks, and costs and to develop an approach and strategy.
The IP Link’s Product Protection Playbook program helps business founders evaluate patents and gain clarity on where they fit in this spectrum. The results of this work may reveal that patents don’t make sense. On the other hand, it may show that they are a great opportunity!
If you think you might be missing out on an opportunity to level up your business, watch my patent training webinar which includes a discussion of potential risks, costs, and benefits of a patent (link in the comments).
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