There are various benefits of registering a Patent and some of them are as follows:
• Protection: Patent helps to protect an intellectual property and prevent others from using it without prior consent from its inventor.
• Transfer Patent: The biggest perk of Patent work is that it can be sold, franchised and transferred. Thus, it helps to generate more revenue.
• Valid for 20 years: Once you get a Patent for your invention, it will be protected and sustain the business in a long run.
• Royalties: Patentee can charge a Royalty in exchange of his work.
• Monopoly: A Patent marks ownership of the inventor, thereby giving him a competitive edge in the market.
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