A case sparked much debate over the need for a patent at work today.
Pros
- Protection - it helps to prevent to a certain extent competitors from copying your innovation
- Asset - gives your product credibility, as a patented product will more likely give a wow effect to the consumer
Cons
- Application costs - much money and specialized skill required, as a result, inventors are usually unwilling to fork out additional resources especially in tight situations
- Possibility of failure and thus a waste of money
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