http://www.ideationip.com - Patent Applications – What You Need To Know

If you want to protect a new product, a new method, or a new use for something then a patent application maybe right for you.

Patents protect new inventions. For an invention to qualify for patent protection it must be ‘novel’ in the sense that it has not been publicly disclosed before and ‘inventive’, which is slightly more difficult to define, but essentially means ‘not obvious in light of what has gone before’.

Importantly, obtaining a UK patent can lead to a reduction of corporation tax to 10% for worldwide profit – more information on the patent box.

Certain types of invention are generally excluded from protection by statute, such as scientific theories or literary works, but other forms of protection such as copyright or trade marks might be available. A patent application should be filed before any non-confidential disclosure of the invention.