A patent is a contract between the government and an inventor or inventors. The inventors are required to disclose the technology they have invented. In exchange, the government grants the inventors the exclusive right to make, use, and sell their patented technology, during the term of the patent. After the patent expires, the inventors lose their rights to the invention. In the United States, patents are administered by the U.S. Patent and Trademark Office (USPTO).
An invention can be patented if it is:
Novel, or new. The invention cannot be previously known. It must differ physically in some way from all prior art, or there must be new use. Determining novelty is usually the most time-consuming part of a patent search, and
Unobvious. The invention must be unobvious to someone experienced in the field of the invention, and
Useful. The invention must have some use or purpose that is functional and not purely aesthetic. Another aspect of the usefulness requirement is that the invention must operate.
If you are an inventor, you should be aware of relevant prior art in your technology. If you are an entrepreneur, you should monitor your competitors' new products, and where they are patented. If you are involved in applied research, you need to review new and pending patents in your discipline. Patents are the first place to look. Over 80% of the information contained in recent patent literature is not published elsewhere.
If you have an invention, you should plan to do a patent search for three main reasons: