Why do you want a patent?
When asked this question, 90% of people say, “to protect their technologies and ideas.” However, the remaining 10% answer, “because it is necessary for business.”
While the original purpose of patent rights is to protect and promote technological invention, modern patent law serves a broader purpose.
For example, the law requires compulsory publication of inventions, allowing others to improve upon them for the benefit of industrial development. Additionally, limitations on protection periods and annual fees encourage patents to eventually enter the public domain, promoting further innovation.
No Invention is Truly Unique
In today’s world, inventions are often based on existing knowledge. As a result, the scope of patent rights is narrow and excludes all known technologies at the time of application. This highlights the importance of strategic patent management.
How Many Patents Do You Need?
In business, patents serve as more than just protection—they are key to growth and credibility.
- Government Funding: More than three patents may be required to apply for funding or be recognized as a Technologically Managed Company.
- Investment Attraction: Investors often assess corporate value and competitiveness based on a company’s patents.
- Public Procurement: To register a product as an excellent procurement item with Korea’s Public Procurement Service, the product must be patented. This allows the product to be prioritized in government purchases.
In other words, patents are now business assets, not just legal protections.
Our Approach to Strategic Patents
At Sarang IP Law Firm, we tailor our patent strategies to your business needs. You can share your business plans, projects, and goals, and we will:
- Identify Technologies: Conduct a comprehensive prior art study to identify potential patentable technologies.
- Develop a Patent Strategy:
- Draft claims with minimized scope to ensure registration success.
- Split complex technologies into multiple patent applications, if necessary.
For example, in the case of a pot handle technology, separate patents can be filed for:
- The overall handle structure
- The internal spring mechanism
- The removable handle component
Maximizing Patent Registration Success
We also provide new ideas inspired by prior technology research to enhance the likelihood of registration. Whether you need patents to support a business plan or attract investment, we can prepare patent documents that meet your goals without rigidly adhering to traditional formats.
Using Patents for Marketing
If your patent document will be used for commercial marketing, you can inform us of:
- Key product features
- Component names
- Data or specifications that should be highlighted
We will incorporate these details into the patent document to support your marketing efforts.
Partner with Sarang IP Law Firm
Patents are a strategic tool in today’s business landscape. Let us help you navigate this process. Whether you need protection, funding opportunities, or marketing support, we are here to assist you.
Contact us today to get started!
