While identifying the prior-art documents related to your invention, it becomes pertinent to carry out a patent search. In modern times, patent documents have become one of the most important technical documents. Moreover, patent documents may contain information on new research activities. Thus, the patent literature has a good portion of the scientific knowledge, especially the technical advances. Patent search generally comes into picture to find information relevant to validate novelty of an invention disclosure. For example, any type of invention disclosure requires a thorough search and analysis to verify its novelty.
Related Article: Non-Patent Literature Resources
Why Do You Need a Patent Search?
Patent searches help to determine the novelty of the invention disclosure in view of the existing art. Some of the reasons modern businesses and organizations invest time and resources to conduct patent searches are:
It’s important to conduct a prior-art search in order to assess the novelty of the invention. Moreover, this is based on a simple fact. It’s better to find out early in the process if someone else has already come up with your invention. Before you spend money to patent an idea, do patent novelty search.
Research and Development
The patent search helps to identify active technology areas. In addition, you may use such patent data to promote new directions in research. Moreover, you can find new uses of existing technologies and predict growth industries.
In today’s fiercely competitive markets, businesses invest a lot to keep that abreast about industry activities. Prior-art search provides data about research and even marketing activities of the competitors. You may use the patent data to gain competitive advantage.
Financial and Legal Concerns
Organization often commission patent searches to determine the potential infringers of their patents. Thus, they get opportunities to sue the infringing party or licensing its technology, and thereby gain revenue out of it. In other situations, the companies use such data to avoid potential infringements to stay away from legal troubles.
These are some of the few reasons for illustrating the importance of a patent search. In today’s economy, patent data and the patent searches are pivotal for any organization’s growth.
Related Article: Things to Do Before Patenting Something
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