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How Intellectual Property Profit Comes to the Inventor

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Intellectual-Property-Profit

The inventor has every right that some part of whatever commercial benefit is derived from his product comes back to him as intellectual property profit because it is his hard work and talent that makes a product work and produce value for the user.

How does an invention take place? It starts in the mind of the inventor, to begin with. It is then processed within the mind itself. The blue print of the idea emerges in the mind. The idea gets clearer. And then there comes a time when the inventor feels, instinctively or rationally, that the idea is practicable and give the work a product of some worth.

The inventor takes a pen and a piece of paper and jots down as to how the invention can be turned from a dream to reality. From hereon, if the inventor has to come up with the invention he has mentally made, he needs a laboratory and needs some money to carry his experiments out. Where would he get it from?

Certainly, if he had that kind of money, he would not be thinking of inventing but investing. The only way is private funds because government can only support a limited number of researches. And private funding is available only for such researches that have some commercial viability.

And this is because the corporate world knows that once the research work is done and the product is built, it would get enough chance to reap the benefits. This is courtesy patent laws that allow one exclusive rights over one's patented technology or process. And anyone who uses the process or the technology has to pay a fee or a royalty to the original inventor. The company gets to make money.

This is what keeps private funding on. If the patent protection was not there, the risk of investing would be much too high. There could be a lot of investment and the technology invented would be freely available for use. It is only because the patent laws are in place that the risk is limited. The only risk is that the research investment may not bring desired results, but then this much of risk is there in all kinds of innovations.

Business is about taking risk. So, business houses are willing to take limited risk. And patent laws make things easier. Patent laws ensure predictability once you have evolved a concept and have turned it into a viable product, technology or process.

Since patent laws could be quite complex, hiring a patent consulting firm can make the entire process quick and easy.  

We recommend you reach out to InventHelp to seek proper guidance regarding your patent and ideas. They are among the top patent attorneys and you can find more details about this company here: https://www.sfexaminer.com/marketplace/how-can-you-benefit-from-inventhelp/ and https://www.sfweekly.com/sponsored/why-inventors-turn-to-experts-like-inventhelp/

Today, the patent laws have given the inventor a way to get his research sponsored if he could find a way of making commercially viable. In fact most of the researches tend to have a built-in commercial angle not because the inventors want it that way but because the world these days is like that.

So, intellectual property profit would come back to you in some way if you are an inventor. Just get a sponsor and keep working.

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