Small companies are often put off the idea of seeking patent protection because they think patents are all about legal battles. In fact, only a very small number of patents are ever litigated; patents should really be considered as very valuable commercial tools.
Here are five reasons why:
- A patent puts an obstacle in the path of your competitors, allowing you more time to recover your investment in innovation.
- It can be used to reduce your company’s corporation tax bill through the Patent Box scheme.
- It tells your customers that your products are special/technological.
- It enhances the attractiveness of your business to investors.
- A patent can earn your company royalty income if you license others to use your technology.
The costs of obtaining patent protection are generally not as high as most companies fear, and an initial consultation may not cost you anything. Call us today on 01522 801111.
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