What is the use of applying for an overseas patent?

1. Defense, resist risks and reduce losses

Patents are quite a useful tool for businesses. Obtaining overseas patent rights can avoid possible infringement risks in the destination country market and avoid possible high compensation lawsuits. When an enterprise applies for a patent, it has a weapon against patent infringement lawsuits, and it can win the opportunity for the enterprise to sit down with competitors and even cross-license.

2. Attack and create revenue

At present, the patent laws of all countries in the world basically stipulate that the patentee has the right to enjoy the patent license according to law. Comprehensively considering factors such as the technical field to which the patent belongs, the legal status, the term of rights, the quality of the patent, and market demand, the enterprise can control the pricing power of the patent it owns. Enterprises own patents and thus can control the market and take the initiative in the market.

3. Enhance your own value

For companies that are seeking to increase the company's valuation, having overseas patents just fits this need. Possessing overseas patents shows the fact that the company is based overseas and based on the international market, and will also bring substantial capital returns to the company itself.