Understanding Patented Technology & Innovation
The landscape for businesses is getting increasingly more competitive, meaning businesses need to find all the ways they can to hold on to their advantages. Patents for technology are a method businesses can use to protect their intellectual property from being replicated without permission, meaning they can keep their advantage.
This is becoming especially prominent within the technology industry, as the largest tech companies, such as Apple and Google, are submitting an increasing number of patent applications, due to the advantages they provide.