Understanding About European Patent Filling And Its Importance

Some studies have proved that medium and small-size enterprises are crucial for the European economy. Besides, they are the key to job creation, innovation, economic growth and more. However, to enjoy steady growth and success, those businesses need a perfect environment for innovation. That's why the authority has introduced European Patent Filing|EPO Patent Filing. The EPO has provided a solid patent and better access to the published patent information. But do you really need a patent for all your invention? 

The invention will be patentable if it is:

1. Capable of different industrial applications and physically possible to develop the invention. 
2. Coming with some inventive steps. 
3. New and remain undisclosed. 

Some Issues To Understand Before Applying Your Patent Application

• Just think about, do you really need a patent now? Can some combination of IPR protect your invention? Always be honest with yourself. 

• Do you know about the total cost of the patenting process? Is the invention capable of earning enough to justify your cost? As per the experts, it will be better for you to apply for a patent after understanding your invention's financial and commercial potential. 

• Is it a good time to apply for a patent? Once you submit the application, it will start a sequence of different events that can't be delayed. Should you apply for the patent early or wait till the product is ready for the market? You can take the help of a professional patent attorney for European Patent Filing | EPO Patent Filing and guidance. 

• If your invention has a short product life cycle, you need to be very careful about applying for a patent. In general, the entire process of getting a patent can take up to 3 years. So, if your products are aimed at a competitive market where the products are rapidly improved, you will not be able to enjoy the benefits. 

Understanding The Importance Of The Number After A Dot In The Patent Application

In the patent form, every dot and digit has a certain importance. For example: 

1. The first two digit shows that filling year. The year format will be based on the Gregorian calendar. 
2. The third and fourth digits indicate the filling place. For example, 00 to 09 indicates filling in the EPO in Munich. 
3. The fifth to eight digits indicate the application's serial number. 
4. The last digit is the error check digit used in the application process. The primary purpose of this digit is to make sure that the application is filled correctly.