How to
Protect Invention Patent in Vietnam?
Invention protection shall
bring advantages for the owner of invention including the usage and application
within the duration of 20 years. As Law on intellectual property of Vietnam, an invention
patent shall be valid from the grant date until the end of twenty (20) years
after the filing date.
Besides, Invention patent can bring its
owner the followings:
The steady position on the market: with
the invention patent, the owner of the invention shall have rights to prevent
others from using their invention with commercial purpose. This will reduce the
competitive capacity of competitors and bring preferred position for the owner.
Right to sell and license the invention:
in case owners of inventions cannot use their invention by themself, they can
sell or license the use of their inventions to other people or companies. They
can license only the right of use and sell all of their inventions. This does
not only bring them a lot benefits but also avoid risks because of the
competition on the market.
When your inventions have been
commercialized and got the significant position on the market, other companies
or people might tend to copy and use your invention illegally or sell other
products which are similar to yours. If your inventions were not properly
registered at competent authority, the competitors and violators can use your
inventions without breaching of law.
Therefore, it is essential to register a new invention to protect the
owner’s rights to avoid unfair competition on the market.
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