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Demystifying Patent Law: Essential Knowledge for Entrepreneurs and Inventors
Manage episode 504547389 series 3665043
Patents represent one of the most powerful yet misunderstood business assets available to entrepreneurs. In this eye-opening conversation with patent attorney Emmanuel Coffey, we uncover the essential knowledge every business owner needs about intellectual property protection.
Coffey, who transitioned from a 19-year engineering career to patent law, breaks down complex legal concepts into practical insights you can immediately apply. He explains why patents provide a crucial "limited monopoly" for 20 years, allowing inventors to prevent others from making or selling their innovations. This protective barrier becomes especially valuable when you've invested significant time and resources developing your product.
We explore the three main types of patents (utility, design, and plant), what makes something patentable, and how patents differ from trademarks and copyrights. Coffey shares wisdom on patent timelines (typically 1-3 years), costs (which vary dramatically by complexity), and the critical role of patent attorneys versus patent agents in navigating this specialized legal terrain.
This episode is brought to you by Top Attorneys Of North America. https://topattorneys.us/
To learn more about Emmanuel Coffey:
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Chapters
1. Introduction to Council and Commentary (00:00:00)
2. Meet Emmanuel Coffey: Patent Attorney (00:01:40)
3. Understanding Patents: Types and Purpose (00:03:18)
4. Patent Process: Timeline and Costs (00:08:27)
5. Patent Strategy for Startups (00:13:28)
6. Patent Challenges and Success Stories (00:22:15)
7. Final Advice and Contact Information (00:31:42)
9 episodes
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