What is a Patent ?
A patent for an invention is the grant of a property right to the inventor, issued by the Patent Office. A patent allows one to prohibit others from making, using, selling, offering for sale or importing the invention for a period of up to twenty years from the date of filing the application.
The various types of invention, which may be patented, include the following:-
-> Devices Apparatus
-> Products Methods
-> Processed Products from processes
What is the value of your patent?
Research and development costs can be high, but the fruits of that work are inventions, which often can be protected by Patents. Therefore, by controlling the exploitation of these assets patents are themselves valuable assets.

When viewed over the 20 year life of the Patent, it is very cost effective for the protection which is obtained. In addition to the many other benefits patents can be used to gain capital. It can be sold, or mortgaged to raise funds. You can also license your Patent in order to raise funds through royalty payments.
What technology is protectable under a patent?
The invention must be new, useful, and non-obvious. Typically inventions are aesthetic designs, functional items, functional methods, or asexually reproduced plants.