What Is A Patent

• When someone has an idea, he may not have the funds available to build, make or create the idea or invention. Investors will invest money for good idea, but to secure the idea is not stolen or duplicated, a person will need to patent the idea or invention. A patent provides protection of the idea for the owner of the patent. Fees are associated with purchasing a patent that vary depending on the type of invention. The patent is set for a limited time, generally 20 years.
  
  

Oath, Declaration, Signature

• Before a person can be approved for a patent, she must make an oath and declaration that she is the first and original owner of the invention. A signature of the owner must also be provided on the patent application. A signature includes the legal first and last name of the owner, and a middle name or initial letter if any. In addition to signing her name, the owner's citizenship must be listed on the application. A patent application will not be approved without this information and signature.
  
  

Protection

• A patent protects the owner of an invention from having his invention stolen. Anyone who does not legally have the consent of the patent's owner may not use the idea or invention; those who do will face legal consequences, and could be sued and made to pay monies to the owner for her invention. If the courts find that the patent cannot be challenged by a third party, the courts will stop the patent infringement.
  
  

Selling Ownership

• The owner of the patent has the right to choose who can use her idea or invention, because the invention belongs to her. The owner decides when the idea is used, how much it is sold for and any other specifics or decisions regarding the invention, during the period that the owner has the patent. An owner may sell his patent to another owner, who will then have the rights to any decision making concerning the patent. When a patent expires, it is the responsibility of the current owner to renew the patent. If the current owner forgets to renew the patent, the original owner or any other person can apply to patent the invention.
  
  

Falsifying An Application

• If a person has an invention or idea, it is not legally that person's invention until the idea is patented. In instances where partners share an invention, one person may patent the invention, but it is considered joint-ownership. The owner of the new invention is the person eligible to apply for the pattern. This means if a person applies for a patent of a new invention, but did not actually come up with the invention, the patent will then be invalid. Falsely claiming to have invented a product or idea is a criminal offense.