As long as a product is granted a patent right, it is equivalent to having an exclusive right in the market. Without the permission of the patentee, no one may produce, sell, promise to sell, use or import the patented product. Therefore, patents play a very important role in occupying and protecting the market.
2. Prevent others from imitating.
Once a new technology, new product or technology developed by this enterprise is patented, whether it is disclosed by publishing papers, applying for a patent in Changzhou or attending academic conferences or exhibitions, or by other means, it is disclosed under the protection of law. Even if anyone has learned or mastered this technology through the above channels, he can't use it casually after the technology is granted a patent.
3. Patents can be sold and licensed.
After applying for a patent and being examined by the Patent Office, the patent right is granted, thus becoming a recognized intangible asset with economic value and can be transferred and sold as a commodity.
Legal basis: People's Republic of China (PRC) Patent Law.
Article 1 This Law is formulated for the purpose of protecting the legitimate rights and interests of patentees, encouraging inventions and creations, promoting the application of inventions and creations, improving innovation ability, and promoting scientific and technological progress and economic and social development.
Article 6 Inventions and creations made by performing the tasks of the unit or mainly using the material and technical conditions of the unit are service inventions and creations. The right to apply for a patent for a service invention-creation belongs to the unit. After the application is approved, the unit becomes the patentee. Units may dispose of the patent application right and patent right of their service inventions and creations according to law, and promote the implementation and application of related inventions and creations. The right to apply for a patent for a non-service invention-creation belongs to the inventor or designer; After the application is approved, the inventor or designer shall be the patentee. Where an invention-creation completed by making use of the material and technical conditions of the entity has a contract with the inventor or designer to stipulate the right to apply for a patent and the ownership of the patent, such agreement shall prevail.
Article 7 No unit or individual may suppress an inventor or designer's application for a patent for non-service invention-creation.