{"id":2113,"date":"2017-03-27T20:55:13","date_gmt":"2017-03-28T00:55:13","guid":{"rendered":"http:\/\/sites.nd.edu\/entrepreneurlaw\/?p=2113"},"modified":"2017-03-27T20:55:13","modified_gmt":"2017-03-28T00:55:13","slug":"basic-steps-to-defensible-and-worthwhile-patents","status":"publish","type":"post","link":"https:\/\/sites.nd.edu\/entrepreneurlaw\/2017\/03\/27\/basic-steps-to-defensible-and-worthwhile-patents\/","title":{"rendered":"Basic Steps to Defensible (and Worthwhile) Patents"},"content":{"rendered":"<p>In light of next class&#8217;s focus on patents, <a href=\"https:\/\/www.entrepreneur.com\/article\/276540\">here is an article<\/a> guiding entrepreneurs through a three-step process regarding patenting an invention or idea. Although the entire article is helpful, I found the most interesting part to be step 1: &#8220;determine if your idea is marketable.&#8221; The author asserts that &#8220;[a]bout 97 percent of all patents never generate enough revenue to pay for themselves.&#8221; This statistic surprised me, and made me think about the issue in a way that I never had before.\u00a0First, entrepreneurs must engage in a cost-benefit analysis as to whether or not to even file the patent in the first place.<\/p>\n<p>The author also includes several practical tips as to timing. For example, he suggests that entrepreneurs take their time to file their first non-provisional patent, lest they miss something important in their rush to file. I found this to be an interesting perspective, especially considering that the U.S. has switched to first-to-file per the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Leahy-Smith_America_Invents_Act\">America Invents Act<\/a>.<\/p>\n<p>Overall, I found this to be a helpful read, bringing an entrepreneurial perspective to the patent application process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In light of next class&#8217;s focus on patents, here is an article guiding entrepreneurs through a three-step process regarding patenting an invention or idea. Although the entire article is helpful, I found the most interesting part to be step 1: &hellip; <a href=\"https:\/\/sites.nd.edu\/entrepreneurlaw\/2017\/03\/27\/basic-steps-to-defensible-and-worthwhile-patents\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2338,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2113","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/posts\/2113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/users\/2338"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/comments?post=2113"}],"version-history":[{"count":1,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/posts\/2113\/revisions"}],"predecessor-version":[{"id":2114,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/posts\/2113\/revisions\/2114"}],"wp:attachment":[{"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/media?parent=2113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/categories?post=2113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/tags?post=2113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}