Patent box: should the patent cover the whole product?
No just one essential element
Take for example the Brompton Bike patent over the seat stay which is essential for the proper functioning of the fold and unfold of the bike. This qualifies the profit from the whole bike to be covered by patent box.
One patent over one essential element, qualifies the whole of the profit derived from the product or service for patent box.
Also with patent box it is really important to note that profits arising between patent application and grant can be included in the patent box claim when the patent is granted.
So even if you do not have a patent yet, patenting could prove to be a very good ROI for your business
Business Intellectual Property
Exalt IP experts in Business Intellectual Property.
Get in touch for a Confidential, Free No Obligation Initial Review Book Here or check www.Exaltip.com email firstname.lastname@example.org or call +447587885131 for more information.
For over 20 years I have been helping business to Win With IP: Using intellectual property to protect ideas, creations, inventions, and competitive advantage.
Protecting #IntellectualProperty #IntangibleAssets #Innovations with #Patents #TradeSecrets #Copyright #Designs and #Brands with Registered #Trademarks also with Unregistered Trademarks.
Help with using #Copyright and #TradeSecrets to protect your Software and Business