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July 12, 2023
John Rizvi, Esq.

Should I Apply for a Patent? How Do I Know if I Need a Patent?

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Okay, great. We got less than a minute left, and she's asked a question that could take me hours to answer. John, what's that? It was a setup. John, you got to do you got to kick your setups in early Giovanni. This is horrible. This should have been like right at the beginning. But who needs patents? Well, it's one word, its patents. With that, in one word who needs patents? Well, yeah, to put in one word that everybody, everybody needs patents, if you have a unique idea, it doesn't matter if you're a software developer, or if you're an artist, or if you're, you know, obviously an inventor. But if you have something unique, that that provides an advantage. If you don't get it patented, then somebody else is going to be able, the large manufacturer who can make it at a lower cost is going to flood the market, and you are not going to be able to compete, there's no way that you could take on Walmart with a new product, or take on Amazon with a new product that's unprotected, you're not going to be able to buy in sufficient quantities to become the lowest cost producer. So you're going to be run out of business without a patent. Secondly, if you want to sell the idea, nobody is going to buy what you don't own. You have to get ownership of your idea. That patent provides ownership now, one of the comments I saw and it was a great comment, I don't remember who said it was that that if you can't protect the color with a patent, but can you protect it with a trademark and you absolutely can if you have a unique color that identifies the source of a product you can file for a trademark but um but we'll cover trademarks later as I am the you know, I only go by the the moniker the patent professor because the patent and trademark professor is is a mouthful.

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