Protecting your intellectual property (IP) rights in other countries, such as India, is essential when expanding your company or brand. A core component of this process is international patent protection, including adhering to patent working requirements, like the submission of Form 27 in India, where your patent becomes recognized in other jurisdictions and governments. The process can vary dramatically depending on the jurisdiction, and this article aims to showcase some of the innovations others have created to help this process and the benefits of expanding your patent.
Working Statement (WS) Website
ACCELARI’s Working Statement (https://workingstatement.com/) is an example of an innovative solution to simplify the process of submitting Form 27 and fulfilling the commercial working obligations. A Working Statement (Form 27) is an annual mandatory filing to the Indian Patent Office reporting commercial use of patents. WS is a website specifically catered to ease the process of submitting a Working Statement (Form 27). Timely submission of Working Statements is essential for maintaining patent rights in India. WS delivers the following benefits:
- Simple: Each submission of a new patent simply requires filling out nine short forms and clicking the submit button.
- Cost Effective: With free first submission and a low starting cost of €40/Patent, WS is perfect for your brand’s growth.
- Support: An included help desk to help resolve any potential issues that should arise.
- Assisted: The system assists in preparing and submitting Working Statements, while patent holders retain final responsibility.
Meanwhile, WS is a website specifically for patents in India. Many other websites and programs exist to help alleviate the administrative burdens with the benefits above. Utilizing sites such as Working Statement can save you a lot of time and headaches.
Benefits of Expanding Your Intellectual Property
When you decide it’s time to expand your patent internationally, you are protecting your invention and bolstering your brand globally. Patent expansion means that your patents will be protected and will remain exclusive to your business. Expanding your IP globally provides the following benefits:
- Brand Protection: Protects your brand and innovations from unauthorized use and infringement. It will give you the legal power in that jurisdiction to retaliate and keep your business secure.
- Market Opportunity: Opens new revenue streams through sales, partnerships, or licensing agreements. Businesses that own factories could even offer domestic production to reduce the cost of shipping and import taxes.
- Business Value: A global brand is a valuable brand. Investors, partners, and even potential buyers will become more interested in what you have. A list of patents in many countries proves your business is international.
- Even More Innovation: There will be a virtually unlimited amount of feedback when expanding to a global market. You can then leverage this knowledge to change and innovate further to make your IP more accessible to specific jurisdictions.
Bottom Line
Expanding your business and brand globally is an exciting step of growth. Securing patents in new markets will ensure that your brand remains protected and is proof of validity.
In our modern age, other businesses have created programs and websites such as Working Statement to reduce the complexity of managing patent filings. By utilizing these innovations, you can instead focus on growing, knowing that the proper steps are being taken in that jurisdiction.
Any good business knows that leveraging technology to streamline and strengthen its brand and intellectual property is the key to success in the modern world. Take the time to research how best to utilize what is available to you.
