Ask an Attorney – Why are Patents Useful in Business?
Patents allow businesses to provide protection for the things that businesses put resources into such as time, research and development and money.
Patents enable businesses to focus on growth in part because patents exclude competitors from offering similar products or services that are covered by the patent. This allows patent holding businesses to be the first and only businesses to provide a product or service and, in doing so, allows businesses to build larger customer bases. Watch this video to learn more.