Protecting your intellectual property with a Standard Essential Patent
Are you developing new technical innovations in your industry? If so, it’s good practice to apply for a Standard Essential Patent (SEP) to protect your IP. Here’s why…
When your business develops new technical innovations within a specific industry, it’s vitally important for you to protect the resulting intellectual property (IP).
A straightforward way to do this is using a Standard Essential Patent (SEP) that helps you register your IP, while adding to the technical standards framework within your sector.
What’s a Standard Essential Patent (SEP)?
In the UK, a SEP is a patent that protects an invention that's essential to the implementation of a particular technology standard. Without this protection, your IP could be copied and you might miss out on the potential income and revenue streams that a SEP could offer.
SEPs are important because they:
→ Reward inventors
With a SEP, as the inventor, you’re fairly rewarded for contributing to the development of global open standards within your industry.
→ Ensure fair returns
SEPs ensure that you get a fair return on your investment in this IP, as the inventor of a specific cutting-edge technology.
→ Facilitate widespread use
SEPs help promote the widespread use of standards within your industry and technical niche, aiding the consistent use of these standards.
→ Encourage innovation
SEPs provide the greatest possible benefits to inventors, innovators and those pushing the envelope in your industry.
__________
The last thing you want is for your technical IP to be ripped off. By exploring the benefits of SEPs, you can:
- Protect your IP as an inventor/business.
- Stop unlicensed use of your invention.
- Contribute to standards in your sectors.
- Bring additional income streams into the business.
The UK Intellectual Property Office (UKIPO) has launched a new online Resource Hub to help UK businesses navigate the SEP landscape. You can access the SEPs Resource Hub here.
Talk to us about exploring SEPs for your IP
Get in touchRelated Articles
Selling your business: adding value prior to sale
We’ve summarised five key ways to add value to your business over time to deliver the best possible deal when you decide to sell up.
Read OnData-driven decision-making: operations and inventory
Are you using data insights to drive your operational efficiency? 5 ways that data-based decision-making takes your business to better productivity.
Read OnSelling your business: getting a good deal
Here are six important ways to secure the best deal when selling business through negotiation and a deep understanding of your company's strengths
Read On