If you create a new invention, you should consider protecting it by a patent.
A patent gives you the right to stop people from making, using, importing or selling your invention without your permission. A granted patent can remain in force for up to 20 years, if you renew it regularly. A patent also allows you to license others to use your invention which can generate royalties and provide an important source of revenue for your business.
There are strict rules that determine what can and can't be patented. A patent may not always be the best way for you to protect your invention.
It weighs up advantages and disadvantages of getting a patent and tells you how to license a patent to generate income through royalties. Finally, this guide describes some common ways of protecting and enforcing your patents.
Structure your business
Name your business
Register your business
Choose your premises
- How to employ staff for the first time
- National Minimum Wage and National Living Wage rates
- Carry out pre-employment checks
- Ensure your workers are eligible to work in the UK
- Get employers' liability insurance
- Issue a written statement of employment
- Set up your payroll and register for PAYE with HMRC