Patents protect original inventions from being copied without authority. In order for a product to be patented, it does have to fit certain criteria. A patent will legally prevent others from using the idea for their own needs or making their own versions of a product which resemble it too closely available for commercial purposes.
Some patent violations have been of very high profile, with courts forcing companies to remove patent-infringing products from sale and even fining the companies involved heavily in the process, often forcing them to hand over their profits to the violated organization. There may be a long period of time elapsing between a product being patented and released onto a market as discussed in this article on https://www.collegian.psu.edu/xpert_advice/article_1c0ae35e-1916-11e9-a355-13e0947b8cdc.html. The pharmaceutical industry is often associated with patents, preventing other companies from copying the ideas behind their medicines.
In order for Patents to be approved an idea does need to be new, and most be original enough for another expert in the industry to be likely to have thought of it themselves. A patent usually has to be a product of some description and should not be confused with copyright which is usually used to protect works of a non-tangible nature such as music and novels for instance. You cannot use patents to protect a theory or method, a solution or anything illegal or immoral. Once patents have been granted they do need to be renewed every year once five years have elapsed in order to continue to be recognized legally.
You should consider whether patents are suitable for your invention before you do make the leap. A patent can be owned by a single individual, a pair or group of individuals or by a business. It is however important to remember that if your patent application is successful, you’ll only be protected within the government region that you applied for – meaning that you may need to apply for multiple patents in order to protect you anywhere else. You can always hire professional patenting company, such as InventHelp, to do the heavy lifting for you.