Patent Information : Why it is Important?

The term ‘Patent Information’ has been assigned to describe the technical data and legal data associated with patent documents, and granted patents. The documents contain information written in a standardized format and categorized according to technical fields to make identifying relevant documents even easier.  The patent information contains description about the following:

  • Functioning of patent
  • Claims determining the scope of protection
  • Bibliographic data about the inventor and patent applicant or patent holder
  • Related developments in the field of technology
  • Legal information such as court statements

The importance of patent information lies in the fact that a new invention is brought up to the market and is publicly disclosed to facilitate continuous knowledge flow and development of technology in the world.  Therefore, it is must to provide best relevant data, while filing the patent since it is the only way to simultaneously balance the patent holder rights and the public information disclosure. Such public disclosures bring awareness among the people about the newly invented technology and at the same time motivates and provides a path to others, to develop something much better out of it. This crucial task of bringing invention in-line light is done by the industrial property offices.

Importance of Patent Information

Patent information is a remarkable way to easily access human knowledge.  It bears the following pros in the field of research and development:

  • It checks the patentability of the applicant’s work domestically or abroad, depending on the applicant’s preference.
  • It is a way of recognizing and appreciating the inventor for his/her technical invention on the public platform.
  • It serves as a bridge to improve or avoid market niches in existing products or processes.
  • It becomes easier to search, understand, and learn about patented inventions in a specific technological field.
  • It recognizes patented inventions to ensure that no infringement is taking place.
  • It monitors activities of potential partners and competitors both within the country and abroad.
  • It helps in developing new licensing strategies by Supporting Mergers and Acquisitions (M&A).

Patent Access and Timeline

The national and regional patent office takes around 18 months to get a patent, published after the filing date or the grant date. It can be published through free-of-charge online databases or consecutive meets at the patent offices. Some of the examples are described below:

  • WIPO’s PATENTSCOPE database provides a significant amount of free-of-charge online access to international patent applications and documents filed under the Patent Cooperation Treaty (PCT) System and at national and regional patent office such as the European Patent Office and the United States Patent and Trademark Office, respectively.
  • WIPO Patent Information Services (WPIS) provide free-of-charge patent search services for individuals and institutions in developing countries.
  • WIPO’s Technology and Innovation Support Centers (TISCs) provides patent information and related services.
  • WIPO has started a series of free-of-charge publications related to the subject, including searching technologies and the WIPO Guide to Using Patent Information.

Now, if you have accessed all the available free tools and databases for the search. Click here to find some more possible help ! 

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