The registration or Patent of a car is a combination of alphabetic or numeric characters that identify and individualize the vehicle for the others; they are represented on a metal plate or plastic material engraving the characters in an unalterable way.
A patent is a right granted by the State that allows the exclusive exploitation of an invention or its improvements. This right gives the patent owner exclusivity and prevents third parties from using the patented technology.
- Different types of Patent
- Who Authorizes the Approval of Patents?
- Disadvantages of the Patent Approval Process
Different types of Patent
Utility patents include machines, devices, methods, processes, and products. Design Patents are found in exterior lines, ornamentation, texture, and aesthetics of products and services.
In most countries, automobiles and other vehicles must have one registration plate fixed to the front and another to the rear. However, only the rear license plate is required in some places or on some types of cars.
Who Authorizes the Approval of Patents?
The traffic authorities assign the letters and numbers to each vehicle, usually at the time of purchase, before it circulates on public roads. The combination of letters and numbers is exclusive to a car so that it can be identified in any circumstance by its license plate.
Additionally, copies of said Patent Plaque are delivered to those registering the Patent. This code is unique and definitive for each vehicle until it is canceled, whether due to abandonment, destruction, total dismantling, or simply by the will to cancel.
Disadvantages of the Patent Approval Process
It makes it difficult for developing countries to access new technology, preventing patents’ licenses. Secondly, it discourages research by establishing a period of exclusive use of technology without the need to improve it. Also, it hinders the free continuation of innovations by slowing down technological development.
So, what happens when your patent is approved? (see more here)
1. Know the Benefits of the Patent While It’s Valid
Most people pick up Patent Plaques for the sake of not breaking the law, but few know the advantages and benefits of the Patent. Some of the benefits include:
- It motivates the inventor’s creativity since he can guarantee the protection of his inventive activity for 20 years, and he will be the only one to exploit it.
- If the Patent is successful commercially or industrially, the inventor benefits from the exploitation license or licenses and decides to grant it to third parties.
2. How long is the Patent Valid?
The validity of Patents depends on each country. In most countries, they are valid for 20 years and non-renewable. When the Patent Plaque expires, the protection becomes part of the public domain.
The owner no longer has exclusive rights over the invention, which becomes available for commercial exploitation by interested third parties. The exclusive right to exploit the patented design confers on its owner some prerogatives.
3. Know The Rights for Exploitation
The patent owner has a right to the patented technology. This right allows you to prevent third parties from using your patent plaque without your consent. In the case of manufacturing, using, selling, or importing the patented product, the patent owner can take authority.
Also, suppose the owner’s patented process has been used to sell or import Patent Plaques. In that case, the original owner of the Patent can authorize exploitation and demand payments from third parties.
The owner can allow any of the above activities to a specific person or company, granting a license and receiving a payment known as a royalty.
4. Distinguish the type of Patent Plaque design you want.
This move will require the owner of the Patent to search out the remarkably authorized business to produce and manufacture the plaque. Individual designs, size, layout, number of plaques, and quality should be considered while making the designs.
Also, the color of the plaque, patent number, mounting style, and material to be used to design the plaque should be placed into consideration. In addition, the patent holder should get to know the pricing of the designs and different templates before making a final decision.
5. Buy a patent plaque
Suppose a patent plate of your vehicle has deteriorated or was stolen. In that case, you must process a duplicate of that metallic identification before the Registry where the vehicle is located. However, this is for the owners of cars or motorcycles whose license plate has been damaged or stolen.
Once the value of the plate requested has been paid, a provisional license plate will be granted that will authorize it to circulate for days; a term may extend for 30 days.
6. Prepare to Pitch your Product
The owner of the Patent must define the objective of his event and, in this case, will be to sell the patent plate or the duplicate plates. Secondly, the owner should set a budget and a place to present your idea of selling the Patent.
In addition, the day of the event should be clearly defined. Moreover, create a guest list and prepare your creative resources to pitch the product.
7. Talk to Investors
In case of need arises and the owner would love to sell the Patent knowing the right investors to give it to is essential. The value of a patent, in addition to the applicant himself, is primarily interested in technology transfer institutes, banks, and venture capital firms.
For example, a bank can only resell the Patent in question. But a market operator has all the means to make it productive. In other words, for the market operator, the Patent has a very different value than the bank.
In addition, it’s essential to make an investment that will be beneficial in the long run. Only invest when you are confident that the investor will fulfill the end of the bargain.
Patent approval is crucial since it allows the owner to hold some rights both for exploitation and personal use. There are different types of patent plaques; however, their designation can be repeated within different validity periods. Therefore, it’s essential to consult the authorities to ensure a smooth approval process.