Attempting to patent a formulation is challenging, but not impossible. A formulation patent is valuable to the patent holder when it is sufficiently broad or strategic for ensuring that the patent cannot be avoided by a simple tweak to the formulation. With a patent, inventors or business owners may
Page 85 of 156
🏷️They contain information which is often not divulged in any other form of literature 🏷️ They have a relatively standardized format including an abstract, bibliographic information, a description of, and in most cases also drawings illustrating the invention and full details on the
📌 Avoid unnecessary expenses in researching what is already known 📌 Identify and evaluate technology for licensing and technology transfer 📌 Identify alternative technologies 📌 Keep abreast with the latest technologies in your field of expertise 📌 Find ready
✅ Producing the good domestically and exporting the protected good directly or through intermediaries, knowing that no other company will be able to legally produce, sell or exploit the same product in the selected market without your authorization (and that most patent laws no longer allow, in