A patent letter is a right issued by the government or governing body of a particular country that provides the inventor ownership of the rights he already owns for an invention.
A patent letter can also be granted to an institution or body other than a person. It is so-called because it is not sealed, meaning it is not a personal note. A patent letter can for instance, commence with the words “To all”. The document thus provides status of monopoly or ownership over an invention.
The document provides the owner the right to exclude others from using his invention without an agreement and or compensation.
When filing a claim to intellectual property ownership for an invention with the assistance of Smit & Van Wyk Intellectual Property Lawyers, you will thus take the first step in securing the rights of monopoly over your invention. Once granted you will have 20 years ownership as long as you pay the renewal fees.
The document will be your proof of ownership and should a dispute occur, you can refer to the open grant to exclude others from infringing on your monopoly rights. You can transfer this right to another entity by means of selling the right. In so doing, you will no longer have the monopoly right, but the buyer will.
You can hold onto the right, and only enter into license agreements to ensure that you stay the owner and receive compensation for the use of your invention.
Contact our team of experts at Smit & Van Wyk to assist you in obtaining a patent letter for your invention.
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