Increased bargaining power : having one or more Prototype Development patents of
invention grants prestige to the owner company and increases its value, which translates into a
better position for negotiating with other companies, and may even enter into mutual license
granting agreements.
Deterrent of infringement of rights: through patent registration, an effective legal tool is obtained
against third parties, especially against competitors and similar technologies.
Positive image of the company and its inventor:having Patenting Innovation in Oil and Gas
demonstrates a high level of technical knowledge, specialization and technological capacity of
the company. In addition, in the particular case of the inventor, it gives a special value in terms
of academic recognition.
All these benefits provided by a patent for Oil & Gas Product Design become incentives for
innovation and healthy commercial competition from the point of view of companies.
Furthermore, it is important to highlight that patent law plays an important role in terms of
knowledge generation, technology transfer and the promotion of economic development policies.
Why to registering a patent
The use of the information contained in patent documents of Unconventional Oil AndGasis an
effective instrument for planning any technological development process, since from these
documents the novelty of an invention and its possible patentability can be determined and, at the
same time, identify free-use technology.