In this article, we will discuss about the 5 key reasons about the Why Choose PCT Filing? How PCT filing is important? This resource will help you to quickly go-through the most important aspects of the PCT applications and National Phase Filing procedure. We have written this content where we have included most important Five Key Reasons for using PCT Filing Route for patent applications and provided the insights or information in the summarized format / in the bullet points. Along with key reasons, we have also include 3 more reasons or benefits that we get when we use the PCT filing route. This content format will help you to easily read and get the relevant information quickly.
First, we will discuss that why you need or why should choose the PCT Filing route?
Why Choose PCT Filing? 🎯
In this part of the article, we will discuss about the importance of PCT filing. Here we will discuss the benefits of PCT and National Phase Patent filing process.
1. Extended National Phase Timeline (30/31 months)
It provides the time-period of 30/31 months to enter national phases from priority date.
- This time benefit actually provides a crucial time for product development and market testing before major international investments.
- It allows for thorough patent landscape analysis in target countries for that patent application.
- It also enables strategic budget planning and filing cost optimization for national phase entries.
- Some other additional benefits:
- It provides time to secure funding or investment partners.
- Patent applicants gets an opportunity / time-period to refine claims based on ISR feedback.
- It also offer the flexibility to adjust patent filing strategy based on business progress and product developments.
2. Extensive Geographic Coverage (150+ Countries)
Through this PCT route, a single application covers 150+ PCT member countries
- The foremost benefit is, this single standardized application process covers majority of geographies / global markets
- It helps in or you can say it is eliminating the need for multiple direct filings in different countries / jurisdictions.
- It works as a wonder route when it simply streamlines the initial patent protection strategy.
- Other additional benefits:
- It offers a consistent priority date across all PCT treaty member countries.
- It also simplify the formality / document requirements.
- It reduces the initial administrative burden and other admin related work.
3. Cost-Effective Initial Protection:
It acts a huge saver in overall filing budget. It saves significant costs compared to direct national filings.
- You can simply delays significant national phase costs until commercial viability is clearer.
- It also reduces upfront patent application translation costs.
- It minimizes the initial foreign patent filing fees.
- Other additional benefits:
- You need to pay a single set of professional fees for primary filing. It saves time and efforts too.
- It offers a consolidated payment system for a easy-convenience.
- It has lot of potential for the reduced search fees through PCT ISR utilization.
4. Market Evaluation Period:
It allows time for market evaluation and business viability before major investments.
- Here you get enough time to assess commercial potential in different geographies or markets.
- It offers an opportunity to identify potential licensees or partners in the given time period.
- This extra time benefit allows patent owners/ assignees / inventors for competitor activity monitoring.
- Other additional benefits:
- It allows for extra time to do market research and market feasibility.
- It provides opportunity to test product prototypes at various levels.
- It also provide time to establish business relationships and do business development in target countries.
5. International Search Report (ISR) Benefits:
Through PCT route, you will receive an international search report to assess patentability of the invention/ patent application.
- It makes fast us to get early indication of patentability across multiple geographies / jurisdictions.
- It always helps in identifying relevant prior art before national phase filing / investments.
- It provides the basis for preliminary examination.
- Other additional benefits:
- It make possible to get an opportunity to amend claims based on search results.
- It enables you to have a stronger position for national phase prosecution.
- It also help you to have a better assessment of patent strength.
6. Additional Strategic Advantages
- It offers the unified publication date across all member states which are the part of PCT route.
- You will always have option to file demand for international preliminary examination.
- It provides a possibility to use Patent Prosecution Highway (PPH) program.
- It also allow us to use a flexibility to withdraw application before national phase costs.
7. Economic Benefits
- It will allow to postpone the examination costs.
- It will decrease / reduce the translation requirements during international phase.
- It save a lot of cost as there will be a consolidated handling fees.
- It allow a longer time for value assessment period before major investments.
8. Legal Advantages
- It will harmonize and make things simple for filing requirements.
- It always provide the standardized patent application format.
- There will be always unified and pre-existing defined response deadlines.
- It will always provide the consistent priority rights across jurisdictions.
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