Will the patent right cause losses?

The intellectual property rights of an enterprise are more valuable than all the hardware of the enterprise. Hardware will depreciate, wear and tear over time, and maintenance will depreciate. Intellectual property, like wine making, will get better and better, and its value and price will get higher and higher. Now the country has begun to encourage enterprises to take the road of independent brands, from China manufacturing to China independent manufacturing. After all, the added value of processing is far less than that of self-manufacturing. This means that all the added value is design and sales. So if they want to develop, they must have their own brands. For some countries and places, China well-known trademarks and provincial famous brands were launched respectively. The national and local governments will reward those who are rated as well-known brands in China and our province, which can be said to be far greater than the application cost. Of course, what matters is not the reward but the function.

In China, the principle of first-come-first application applies to intellectual property rights, and those who want to be protected must first register in that country.