When organizations begin the patent prosecution process, they have to make details about unique concepts clear. The United States Patent and Trademark Office (USPTO) reviews patent requests to ensure that concepts and products are adequately different from existing patents.
The USPTO typically also publishes information about pending patents online. Individuals and organizations can access information about approved and pending patents. In some cases, publicly-accessible information about a concept or product may lead to competition from other businesses.
Competitors may race to duplicate a concept or design an even more exciting product. Whenever cutting-edge technology ideas lead to patent applications, other parties may take an interest in potential products or the concepts that make them unique. Companies need to be ready to protect ideas and move forward with production after applying for a patent.
Technology patents can attract media attention
Patent applications can sometimes result in journalists reporting on exciting new concepts or potential products still in the development stage. For example, the submission of a patent application for a smartwatch that consumers can fold, featuring two screens and cameras, has drawn significant attention in recent days.
Consumers have already begun discussing the exciting prospects of a potential new wearable smart device. Given that the company seeking the patent in this case has not announced a new product yet, other companies may race to find alternate ways to achieve similar design and functionality.
While other organizations cannot duplicate patented processes or products, they can create similar but different offerings. Companies preparing to patent industry-changing and cutting-edge concepts or exciting new products often need help ensuring optimal protection throughout the patent prosecution process.
Not only do they need to take steps to preserve confidentiality before patent applications become publicly available, but they generally also need to take steps to monitor the actions of competitors and those in adjacent industries for potential infringement. While a patent is pending, businesses can still take appropriate steps to protect the idea that led to the patent application.
Organizations frequently need help preparing for patent prosecution and ensuring adequate protection during the often lengthy prosecution process. Recognizing how the USPTO policies can lead to intense competition could help leaders at organizations take the right steps to protect the company’s intellectual property. Patent prosecution, extension and enforcement are all necessary steps that may require the support of an outside legal professional.