What is the effect of an international patent application?

The PCT is an international treaty with more than 145 Contracting States. The PCT makes it possible to seek patent protection for an invention simultaneously in a large number of countries by filing a single “international” patent application instead of filing several separate national or regional patent applications. The granting of patents remains under the control of the national or regional patent Offices in what is called the “national phase”.

File PCT Patent Application in Vietnam

In general terms, your international patent application, provided that it complies with the minimum requirements for obtaining an international filing date, has the effect of a national patent application (and certain regional patent applications) in or for all PCT Contracting States. Moreover, if you comply with certain formal requirements set out in the Treaty and Regulations, which are binding on all of the PCT Contracting States, subsequent adaptation to varying national (or regional) formal requirements (and the cost associated therewith) will not be necessary.

Who has the right to file an international patent application under the PCT?

You are entitled to file an international patent application if you are a national or resident of a PCT Contracting State. If there are several applicants named in the international application, only one of them needs to comply with this requirement.

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Intellectual Property Rights Pros and Cons

Your company’s name, logo and even your products belong, well, to your company. In a perfect world, that’s how things would remain. These are all forms of intellectual property – you own the rights to that property (intellectual property rights). However, this is far from a perfect world. A quick look at the number of lawsuits revolving around IPR should highlight just how easily one company can infringe on another’s rights, even unintentionally. It also seems to make sense that if you have rights to intellectual property, you should fight for those rights. Is that always the case? Actually, there are quite a few pros and cons here.

Filing Lawsuit to protect intellectualproperty rights in Vietnam

Intellectual Property Rights Pros

There are quite a few pros to protecting your rights in terms of intellectual property. For instance, patents, trademarks and copyrights all give your business important advantages and incentives. Trademarks allow you to build your brand and create a stronger company. That applies to every other company out there, as well. Copyright ensures that a creator continues to own his or her artistic creation (books, artwork, graphic design work, etc.). Patents foster invention and innovation, as well as encouraging inventors to fully explain what’s being invented and how it works.

Intellectual Property Rights Cons

While there are plenty of pros in favor of protecting your rights, there are a few drawbacks here as well. For instance, copyright can be given to works that truly don’t deserve protection under the law, and patents can be given to frivolous things (Amazon’s patenting of “pictures on a white background” is a perfect example of patent frivolity). Other cons involve costs – protecting your rights can be very expensive. Intellectual property rights lawyers (IPR lawyers), court costs, settlement fees, filing fees and numerous other costs can mount very quickly, making protection of intellectual property rights expensive for even very large companies.

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How important is intellectual property protection for a startup?

If you could obtain a patent, that would be a great place to start and you should definitely pursue that. A patent would basically grant you a monopoly on the technology and let you exclude others from using it, or at least they would have to pay you for such use. But, assuming there is no patentable technology like you said, any other intellectual property right  (IP) may or may not be worth it. It really would depend on your business model and plan.

Trademark protection in Vietnam

A trademark on the name of your company is an example of an IP right that could be valuable in building your brand. The trademark would ensure that no one else could use your name and free ride off of any goodwill that you may have worked to build among consumers and customers in the marketplace. On the other hand, that may not be super important to you at the early stages of your startup and you may want to wait until later to get such protection.

IP rights definitely have value because they allow you to differentiate yourself from competitors. However, there will also be a cost of protection. You need to determine whether such value is worth the cost of protection. Sounds easy enough, but if you do decide to pursue IP rights, you should consult with an IP attorney who can help you through the process.

If you are looking for an IP attorney, but are concerned about the typical costs associated with the traditional legal search, you should visit ANTLawyers where we work to trim those costs. We will match you with an experienced IP attorney in Vietnam for a free, no obligation consultation. Hope this helps.

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