.:-:. Fantastic Inventions and How to Make the Most Out Of Them .:-:.
Great Movies Never Die,They Just Get Sequels, Prequels, Reboots and Remasters
Most millennials may remember the day they saw that scene in a movie
theatre when the
boy-who-lived-who-would-eventually-become-a-pretty-lousy-father-to-his-middle-child
was sending off said middle child named after two very brave people and
his older brother at that magical platform at a UK train station and
thought that was the end and it was a pretty happy ending to a
series that spanned six + one two-part finale movies.
November saw the release of the second part of the Fantastic Beasts
trilogy (or should it be called a “pentalogy”?) starring Eddie Redmayne
as the central character Newt Scamander who is not actually shown
identifying wrackspurts and locating them in their natural habitat.
Like the owners to the rights of famous movie franchises such as Star
Wars, the Marvel Cinematic Universe and the aforementioned Harry Potter
franchise, patent owners may wonder about how they can maximise and
prolong control over their technology long after the patent term is up.
Unlike trademarks which allow indefinite renewals and copyrights which
last the entire life time of the author and then some extra decades
(about 50 to 70), patent owners are stuck with a measly 20. While one
can’t really prolong the patent term (unless the patent granting
authority provides a patent term adjustment),it doesn’t mean that one’s
exclusive rights to a particular technology will have to end with that
patent.
In this article, we will look at some of the ways you can make
the most out of your fantastic inventions.
The Art of Making Patent Horcruxes
The first step begins at the application stage,and you need not
butter up your Potions professor to obtain this not-so-arcane knowledge.
Let’s say that you’re some brilliant wizard who studied an advanced
Muggle subject called quantum physics and came up with a time-travelling
thingamajig that allows students to take on more magic school subjects
than humanly possible.
The next logical thing to do would be to engage
the services of a patent attorney to prepare and file a patent
application at the Ludicrous Patents Office.
Most inventors would only think of filing an application that would
cover a particular embodiment of that invention. However, like clever
ol’ Tom Riddle, you should consider if it is possible and worth while to
file and divide an application disclosing several distinct and
potentially patentable embodiments to cover more ground.
For example,
one patent can cover an embodiment which exclaims “Deus Ex Machina” when
activated and places the user back in time before a regrettable mistake
was made, while a second patent covers another embodiment which, when
activated, loads videos after videos of cats getting spooked by
cucumbers which distract the user from reality for a moment, only for
him/her to realise that hours have passed in that short moment and in so
doing, he/she has moved forward to a point in the future, and a third
patent can cover an embodiment that transports the user to the middle of
a queue to renew one’s passport at the Immigration Department on a
Saturday morning where time seems to magically stop and the queue does
not seem to progress.
In this way, you can have a suite of patents
granting you exclusive rights to three separate embodiments of your
invention as opposed to one.
Thankfully, you need not perform any acts
that would damage your soul when dividing your patent application.
The advantages to having a suite of patents instead of just one are
many. For example, if a competitor manages to invalidate one patent, you
still have others to cover the other embodiments of your invention as
opposed to that single patent which, when invalidated, will leave you
powerless to stop other players from moving into the market.
Additionally,since your suite of patents covers various embodiments,
this increases the difficulty for a competitor to design around your
patents. Of course, a strategy of filing multiple patent applications
can be very costly so it bears consideration whether it’s the most
appropriate for your situation.
While the deadline for filing a continuation/divisional application
is generally at any time before the patent is issued, in some
jurisdictions, this may be much, much earlier.
In Malaysia,for example,
the deadline to voluntarily divide an application is three months from
the date of the first examination report issued for that application.
Additionally, care must be given to ensure that the claimed subject
matter of the continuation/divisional applications do not overlap with
claimed subject matter of other patents/patent applications. An
applicant who unwisely files claims which cover the same scope as the
parent or other applications in the same family of applications may
receive a howler from the patent office screaming a double-patenting
objection.
While filing divisional/continuation applications and obtaining a
suite of patents may afford the patent owner a greater coverage than a
single patent can, it does not prolong the duration of the exclusive
rights which only lasts for 20 years at most.
Like the youngest Peverell
brother, one day your patents will come to the end of their term and at
that time they will have to welcome death like an old friend.
Thankfully,there are other steps which you can take to retain exclusive
rights over your proprietary technology.
Constant Improvements
Ever wonder why some companies who own proprietary technologies seem
to have monopoly over that particular technology for a period which
appears to be longer than possible?
While one may be tempted to think
that the patent owners have fed their patents with magic from a
philosopher’s stone or wrote them in unicorn blood to give them an
unnatural lifespan, the truth is that most companies have mastered the
art of constantly patenting improvements to their core technology, which
grants them exclusive rights over the existing technology and other
technologies arising from that core technology.
Since every generation arising from the core
technology is covered, it appears as though the patent is continually being
evergreened when in actuality the patentee has patents covering generation 1,
generation 2, generation 3 and so on.
Gillette, for example, has patented the
two-blade, three-blade, four-blade and other iterations of their razor
cartridges and in so doing ensured their dominance in the shaving products
industry from way back then.
Like the shaving products giant, you can always patent improvements
to your core invention provided that they meet patentable requirements.
In jurisdictions such as the US, an applicant may file what is called a
continuation-in-part application wherein that application contains a
good amount of subject matter relating to the old application with some
subject matter relating to new improvements added into the mix.
In other
jurisdictions such as Malaysia, however, the applicant will have to
file a fresh application even though some of the features of the old
invention are very much present in the new invention.
In executing this strategy, the applicant should be aware that filing
patent applications for minor or frivolous improvements to a core
technology will not result in a grant of patent.
Such applications will
not get past the patent examiner and filing numerous applications to
cover every tiny and insubstantial improvement will result in no patents
granted and a very empty Gringotts vault.
For patent owners who wish to apply for patents which cover
improvements over their core technology, it would be best to do some
homework like conducting a prior art search to ascertain if one’s
improvement is substantial enough to be recognised as a step over the
existing technology.
Making something sharper, faster, smoother, or
stronger may not be considered to represent a substantial progress
especially if these improvements are mere workshop improvements that
combine known technologies which hitherto were not utilised in the core
technology.
Some questions to ask oneself are such as: “Will someone be
able to guess the improvement from the title of the invention?” or
“Would it be obvious to mix technology A together with technology B
since they should, in theory, give a better output?”
If the answer is
yes, then it is quite likely that those improvements lack an inventive
step.
This lack of an inventive step is a challenge most applicants face
since it would mean that the application will not result in a patent.
Fortunately, some jurisdictions have 2nd tier patent system
called the utility model which do not require such inventive step to be
demonstrated.
While such utility models may be looked down upon by most
for not being a pure-blood patent, the rights granted by these utility
models can be as good as a patent in the right circumstances.
In
Malaysia, for example, the term and scope of a utility model (called
Certificate of Utility Innovation locally)is the same as that of a
patent, even though the applicant is limited to a single claim.
Other
jurisdictions may limit the term to 10 years and/or to inventions
relating to physical devices only.
Having lesser rights is better than
none, so, even if the improvement does not qualify for a patent, it’s no
shame to settle for a utility model.
Making it Rain Galleons
Readers
of the original novels may recall the small beginnings of the mischief-making
Weasley twins who invented products that enabled one to feign ailments in order
to skip classes. Their products gained popularity and eventually they dropped
out of wizarding school to set up a booming business selling magical novelty
products.
Unlike
the brilliant but non-studious twins, it may be that commercialising your
inventions isn’t really your thing. This can be particularly true for research
institutions which are more focused on research rather than marketing the
fruits of their ground-breaking research. In these instances, it would be
unwise assume that one’s genius extends to production and marketing of one’s
invention and accept that it may be better to leave the commercialisation
aspect to those who know the market.
Licensing
agreements can be a win-win solution since they allow you to license the rights
to your invention to a third party without having to actually surrender those
rights. The licensor can grant the licensee certain rights such as the rights
to manufacture and sell a patented product in exchange for royalties or
licensing fees.
What follows is that the licensee can then make money out of
the making and selling of your patented product while you utilize the income
that is derived from your licensing fees to fund your future research and
development activities so that you can go onto produce more and more fantastic
inventions.
Of
course, no matter how good a proprietary technology is, the reality is that one
day, that technology will become obsolete and replaced with a newer and
improved product. At that time, it would be prudent to dispose of that
technology instead of holding on to it due to some misplaced sense of
nostalgia.
Maintenance of patents incur costs and common sense would dictate
that if you are bleeding money maintaining an asset that does not work hard to
bring you money then that asset can become a liability.
Let’s
say that you have a patented process relating to the use of gillyweed for the
extraction of oxygen from water that has matured and you are planning to move
over to an improved process.
However,there is a small but substantial number of
licensees using your matured process since it is cost effective and produces a
reasonably good yield, albeit a fraction of that which could be obtained
through the improved process.
Instead of letting the patent lapse, and what a
waste it would be, you may want to consider selling your mature patent to a
third party. That way, not only do you stop cash from leaking out, you also
gain something from the disposal of that old technology.
No
Acceptance Letter Required
So,
the next time you see a sequel, prequel,reboot, or remaster of a movie and
marvel at how some movie studios are able to milk every last drop out of their
blockbusters by taking an old favourite, adding some pixie dust and releasing
it to hungry consumers like you and I, think about how you can do likewise to
make the most out of your inventions.
It is not an elusive art that requires
enrolment in an enchanted castle magically hidden in the UK or the forbidden
study of some dark arts. All it takes is an inventive mind, some patent savvy
and a keen business sense. Now, do you have an idea for a fantastic invention?
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