Rights & Benefits of Patent Owner

Rights & benefits of Patent Owner

There are various rights and benefits available for a patent owner :

1. The right to grant a licence to another person to use your patent to manufacture your invention, in return for royalties and other payments

2.  The right to sell your patent for payment

3.  The right to mark your product and its packaging as being patented. If you have applied for a patent and the application is pending, you may mark your product, and its packaging, to indicate that a patent is pending, for example, by using the phrase ‘Patent pending’.  This could be a useful marketing strategy.

     But when the patent application is subsequently withdrawn, you have to stop claiming such application in respect of your product or its packaging or else such inaccurate or false claim may be subject to both civil and criminal sanctions.

4.  With the possible commercial benefits brought a registered patent, this encourages patent owner to continue the research, to develop new and innovative products, exploit new technology and promotes the transfer of technology within and outside Hong Kong

5.  The right to take legal action against the unlawful manufacturing, using and/or selling your invention without your permission and against the infringement of your patent

 

If you have developed a new device, substance, method or process, you should as part of your business strategy, decide whether you should apply for patent registration in Hong Kong:

 

An application for patent may be the right choice if:

• The benefits that a patent application could help lessen the risks of patent or invention theft or patent infringement in the markets you are interested in
• The resources to manage and maintain your patent application does not outweigh the potential or actual commercial returns of a patent application
• Your invention is new, that is thorough prior art search reveals no other similar technology
• You own the invention and have kept it a secret

 

 

For Hong Kong patent application services and advice, please contact Chow & Cheung, Hong Kong Solicitors, Notary Public & China Appointed Attesting Officers

Tel: +852 2856 3799  Email: cac@ccsn.hk

http://www.ccsn.hk

 

 

 

The above contents do not constitute legal advice and it should not be regarded as a substitute for detailed advice in individual cases. Transmission of this information is not intended to create and receipt does not constitute a lawyer-client relationship between Chow & Cheung and the user or browser. Chow & Cheung is not responsible for any third party content which can be accessed through the website.