Benefits of the Patent Cooperation Treaty
A patent cooperation treaty also initialized as PTC is an international patent law which allows an innovator to file for a patent right for their invention and the patent will be recognized in the different countries which are party to the treaty. Patent cooperation treaty was formed to boost innovation among the member states which are more than 150. You can claim an international patent right if your state or country is a member of the PTC from a regional or national office. As an originator of a product or services, PCT will bring a good number of benefits to you. In this article, you will learn some of the reasons why you should consider a patent cooperation treaty.
Trying to get a patent right to be recognized internationally will take up to 18 months or more if your state is not (arty to the PCT. Making your application of a patent right through the PCT will make the process easier for you when it comes to getting translation services of your patent as well as having to pay the national fees of reserving the patent. Provided the patent right application conforms to the norms of the PCT terms, your application is less likely to be declined on formality grounds.
Enjoy an easy patent right application process when using the PCT advantage. Making the normal copyright application from your country is an expensive process which is also time-consuming. When looking for an international patent right outside the PCT framework, you will be forced to make applications to individual countries which is what consumes time and more resources than when doing under the PCT framework.
You will have the simultaneous patent right protection. A traditional patent right application is done from the one country only gives the inventor the copyrights protection within the country, however, an international patent right through PCT takes the protection to other countries. PCT is therefore ideal especially to the innovator who is looking to do business in different countries,
Take your business product to international recognition by getting an international patent right. You stand to benefit enjoying the global market recognition of your patented product unlike the other forms of patenting which restricts your products to the national markets only. With international patent rights, you stand to be informae3d of other patented ideas that are in other countries which could have a positive impact on the patent of your product by giving you room to think again on your patenting . Discussed above are some of the common benefits of the patent cooperation treaty which you should consider going for.