New inventions are thought up all the time but very few of them are ever produced and sold. Capitalizing on a new invention requires a bit of know-how. In this section we'll examine how new inventions become new products.
You don't have to be Thomas Edison to come up with a valuable invention. But you do have to be savvy enough to protect that invention if you want to make the money that you deserve from it. In other words, you need a patent.
There's a lot at stake when it comes to developing and selling a great idea, which is why companies are always on guard against cases of patent infringement. When it occurs, they often wind up in court. But what is it exactly?
The difference between a marketable invention and an unusual paperweight can come down to whether the inventor has received a patent on a prized idea. But getting a patent is a tricky business. It's helpful to have the assistance of someone who knows the ins and outs of the process. Enter the patent agent.