Event 23 Oct. 2024
Counsel Mohannad El Murtadi Suleiman to Speak at the 2nd Annual Africa Arbitration Day in New York
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Podcast 14 Oct. 2024
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Updates on the Corporate Transparency Act and Current FinCEN Guidance
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Simon Batifort Quoted by Law360 on Third-Party Funding in International Arbitration
Intellectual Property
The main purpose of a patent is to protect a unique and inventive method, process, or design. In the U.S., there are two types of patents: utility and design patents. Utility patents are issued for the invention of a new and useful process, machine, manufacture, or composition of matter, or a new and useful improvement thereof. Design patent are issued for a new, original, and ornamental design embodied in or applied to an article of manufacture. Patents do not protect products, processes, or designs that merely contain obvious and well-known ideas. For example, patentable subject matter might include a new industrial process for making a complicated microchip. An obvious method for filling a container or a simple combination of two existing items may not be patentable
A patent grants the holder of the patent exclusive rights to the claimed invention and the ability to exclude others from using the invention for a set period of time. In reality, this means that the patent holder can profit from the invention, either by virtue of selling a product embodying the invention or through licensing the patent to third parties.
The protection afforded by a patent depends on the ability of a patent holder to enforce it. In other words, the patent holder must be willing and able to enforce his or her rights in a court of law if someone else violates the patent (called patent infringement). The strength of a patent also depends on the legitimacy of the legal system in the country in which the patent was applied for.
What is a patent shelf life? A U.S. utility patent (which protects the creation of a new or improved—and useful—product, process, or machine) usually lasts for twenty years from the date of application. However, this can change depending on whether new patents are applied for during the life of the original patent. For example, a patent holder might make modifications to the original invention and apply for a new patent for that new modification, which would itself be good for an additional 20 years. A U.S. design patent (which protects the visual qualities of an item) usually lasts for fifteen years
Attorney advertising. The material contained on this page is only a general review of the subjects covered and does not constitute legal advice. No legal or business decision should be based on its contents.
Turner P. Smith
Partner
Eric Stenshoel
Counsel
Intellectual Property Law
Intellectual Property Litigation
Media, Technology and Entertainment
Cybersecurity
New York
+1 212 696 6000
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