PATENTS AS VALUABLE PROPERTY
Patents are essential business assets that can enhance profit margins, contribute to monopoly or licensing revenue, and increase market share and name recognition for your company and its product lines. Without adequate legal protection, it is only a matter of time before existing and new competitors enter the market, steal your idea, and drive down prices. Patent rights can be sold outright or licensed to one or more parties in exchange for royalties.
If you are interested in obtaining patent protection with the United States Patent & Trademark Office, I would suggest you consult with a patent attorney, who can assist you in the complex process of protecting your intellectual property rights.