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Patents protect technical innovations - "inventions". In order to achieve patent protection, the innovation must be new, non-obvious and capable of industrial application.

The invention does not have to be a “eureka” moment and demonstrating that a new invention is not obvious is not as difficult as one may think. A patent has to be applied for – no-one is going to seek you out and give you one. Read more about applying here.

Even if a patent is not ultimately gained, the application process itself can be beneficial by allowing you to properly state that your new product or process is “patent pending”. If in doubt, get in touch: patent protection may be right for you.

Patents granted by the UK Intellectual Property Office (the Patent Office) and the European Patent Office may also allow you to significantly reduce your corporation tax liability by the innovation-encouraging Patent Box tax regime.

Interested? Contact Us.

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S. William Wallace & Company is a Registered Trade Mark of S. William Wallace & Company Limited. Registration No. 466189 (Scotland). Registered office at Caledonian Suite Regent Court 70 West Regent Street Glasgow G2 2QZ. T: +44 (0) 141 333 6534. S. William Wallace & Company is regulated by IPReg.

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