Patent protection also brings many benefits. A patent entitles you to restrict the others in copying, manufacturing, selling or importing the invention without your consent. The very existence of the patent restricts the others from trying to use your invention. If this is not so, you are entitled to take legal steps to stop others using your invention and claim damages.
Patent also entitles you:
- to sell an invention and all IP rights
- IP rights to grant a license to someone else retaining all IP rights
- or to discuss the patent with the other to set up a business based on this patent.
If you do not have a patent on your invention, then others are entitled to use, manufacture or sell your invention without your consent.