Showing posts with label patent protection. Show all posts
Showing posts with label patent protection. Show all posts

Thursday, November 17, 2011

Patents and the Stock Market

Time and again I am reminded what an important asset patents can be to company's growth or continued existence. For example, I was reading an article in the Motely Fool today and their review of Green Mountain Coffee Roasters, the owners of the "K-Cup" for coffee. The author quoted:

"My Foolish colleague Rick Munarriz says he'll be buying shares of Green Mountain by week's end because the Keurig machine remains popular, the patent expiration battle is overblown, and the stock is cheap. I think what he's doing amounts to balancing a steaming cup of coffee in his lap. The K-cup is popular because it's patent protected; that expires next year."
In many cases, the existence or nonexistence of a single patent can determine the fate of a company, especially in crowed market with many competitors waiting to get a piece of the pie that you created.



Thursday, May 7, 2009

How Can I Protect My Idea?

"How can I protect my idea?" This is the most common question I get from new clients. Whether it's a new online software, an interesting baby product, some type of new apparel with unusual patterns, or a new method of business for example, the question is always the same. How do I protect it?

So what is the answer? You can't! Well, maybe you can...It depends...Don't you hate this? The truth is you cannot protect vague, broad, conceptual ideas such as, "I want to protect the concept of having a guitar placed within a piece of furniture." That is an example of a broad concept, not an actual invention.

Patents are for inventions, so if you have a prototype or actually mapped out how your invention works, and you have the ability to explain all the parts of the invention and how the parts interact with each other. And also you can explain why your invention is better or solves problem that the prior inventions or patents failed to solve, then you may have a utility patent.

As for the guy that has a guitar within a piece of furniture, that can be protected too, by "design patent" if he actually developed it or has a picture of the exact look he wants protected.

Each invention is a case by case determination of whether it is patentable. See http://patentlawip.com/patents.html for more information.