Why patent an invention?

Client Testimonial
“We have worked with Martin [Neilson] for many years and value his professional approach and the contribution he makes to our business. UDL’s services are important to ensure we stay ahead of the competition and protect our IP.”

Business Development Manager, New Building Technologies, SIG Performance Technology

A patent is a valuable business asset and an important commercial tool, and can be used in many different ways. You may choose to file a patent application for a variety of reasons, including:

  • Gaining exclusive rights — a patent provides you with a monopoly to the invention for up to 20 years.
  • A defensive move — filing a patent for an invention that may not be commercialised to prevent a competitor from protecting the same concept.
  • To increase market position — through exclusive rights, you’re able to prevent others from commercially using your patented invention, establishing yourself in the market as the pre-eminent player.
  • To attract investment — a patent portfolio can provide security and reassurance for potential investors or shareholders, as well as demonstrate that the invention in which they are investing is unique.
  • Licensing or selling — a patent can provide a revenue stream or a means of raising funds if you do not want to exploit the invention yourself.
  • Marketing and status — patents are commonly used as a marketing tool and a way of creating a positive image for a product and demonstrating cutting-edge technology.
  • The Patent Box — in the UK, a lower rate of corporation tax can be applied to profits generated from patented products or products that include a patented component.

How we can help

We work with you to identify and protect your brand assets, whether tangible or intangible. Whatever the goal, we can provide expert advice to ensure that the maximum value is achieved.

Some of our team

Martin Vinsome

Partner - Newcastle

Dr Clair Curran

Senior Patent Attorney - Leeds

Dr Terence Broderick

Patent Attorney - Cardiff

Get in touch

Fill out our contact form and one of our team will be in touch.

Alternatively, you can contact us directly and speak to a member of our specialist team.

+44 330 107 5077

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