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Considering The Patent Process 1 Running Head: Considering The Patent Process
Considering The Patent Process 1 Running Head: Considering The Patent Process
Abstract
According to the officials of the United States Patent and Trademark Office (2014), in the United
States alone over 8.6 million patents have been issued since the opening of the opening of the
Patent Act of 1790. The idea of an inventor having a monopoly on the production of his or her
invention, on the other hand, can be traced back to the middle ages. Throughout history, there
have been many examples of the advantages of patents, however, the cost of a patent can range
from $5000 to over $10,000 in legal fees. Due to the high cost of acquiring a patent and the
complexity of the patent process, many question whether the patent process is actually worth
going through. Nevertheless, those wishing to capitalize on their ideas should seek a patent
before continuing with their work. This will protect the original inventor or innovator in a court
of law, and will also allow him or her to sell the idea.
KEYWORDS: Patent, Inventing, Invention, Laws, Infringement