Why do many people in the company apply for patents? What are the advantages of applying for a patent?

1.

You can monopolize the market of this patented product. You can't produce and sell this product without permission. For example, if our company applies for a patent for a product, then other companies can't produce the same product as ours. Otherwise, it is infringement!

2.

Increase the stock of intangible assets and improve the quality of enterprises. Patented products have the function of advertising, which is beneficial to product sales. For example, a company has applied for many patented products, so their company will also be very prestigious, which is very conducive to the company's position and product sales!