Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
Recovery of Shares
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
A provisional patent is a type of legal document which is filed under the United States Patent and Trademark Office (USPTO). A provisional patent establishes an early filing but unless an applicant files a regular non-provisional patent application within one year, it does not mature into an issued patent.
A Provisional Patent application includes a full description of an invention but it does not require any declaration or an information disclosure statement. The fee for filing an application is very low as compared to patent non- provisional application.
As filing the provisional patent is a great initiative to start the patent procedure as the filing fees for a provisional patent is very less when compared to non-provisional patent. It is an excellent tool for all those inventors who are continuing their work on their invention, as it describes what you have at the moment and when the work is done on the invention you can file the application for a non-provisional patent. After the filing of an application for a provisional patent, you can market your invention without the fear of losing the patent right.
As it mostly happens that the idea you conceive you don’t ultimately want to patent the same you may need to continue working on it, so it is the best idea to file a provisional patent and continue working on the same after the invention is complete in all respect you can file a non-provisional patent. Another benefit of filing the provisional is that there are no filing fees as well as attorney’s fees until and unless the non-provision patent application is filed.
Another benefit is that the time for filing the provisional patent is very less as compared to the time consumed in filling non- provisional patent.
Anything that is not included in your patent Application Development Agreement[1] will not be considered to be part of your invention. So when you prepare and file any application you need to cover not only the invention but also the alterations that may be included in the near future.
Also, Read: How to Do Patent Search and how is it useful before the Filing of the application.
The Reserve Bank of India (RBI) has recently issued new guidelines aimed at reducing unfair cha...
Corporate tax plays an important role in selecting the ideal location for setting up a business...
The United Arab Emirates (UAE) is recognized as the top global destination for innovation and i...
Did you or anybody in your family invest in Axis Bank Limited shares during the 1990s or early...
The Pharmaceutical industry is India's top gross domestic product (GDP) contributor. The market...
Are you human?: 6 + 1 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
A number of studies have demonstrated that smell can trigger vivid and emotional memories. Also, it shows that the...
05 Feb, 2021
The conflict between Intellectual property rights (IPR) and competition law arises because IPR laws grant exclusive...
04 Apr, 2023