In this week's post, we talk about the benefits of obtaining a patent and how they work to protect your invention.

Plus, although companies can take a number of precautions to limit their risks in international transactions, the primary legal tool for such purposes is the sales contract.

Why Get a Patent? How Do Patents Work?

The process of obtaining a patent can be expensive and time-consuming.  Understanding some of the benefits and how patents work can give you a better idea of whether the investment is the best option for you and your invention.  The benefits of pursuing patent protection may include business protection and improvement, and monetary gain.

Read the full article here.

International Business Transactions

In the modern global economy, even relatively small companies are aware of the savings and opportunities available by sourcing or exporting products outside the United States. Of course, these opportunities often involve additional risks, as well. Although companies can take a number of precautions to limit their risks in international transactions, the primary legal tool for such purposes is the sales contract.

In the world of transactional law, unpredictability and ambiguity are “dirty words”. When a contract fails to clearly address a given situation and a dispute arises, it often takes a judge or jury to determine the correct result. Most companies would prefer to know what their rights and obligations are in a contract, rather than leave such decisions to a judge or jury. As such, transactional lawyers go to great pains to eliminate unpredictability and ambiguity — a task made more difficult when the parties to a contract are from different countries.

Read the rest of the article here.

Click to read the previous Weekly IP Buzz on Thriving Attorney.

For more posts, see our Intellectual Property Law Blog.

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In addition to Thriving Attorney, Darin M. Klemchuk is founder of Klemchuk LLP, a litigation, intellectual property, and transactional law firm located in Dallas, Texas. Click to read more about Darin Klemchuk's practice as an intellectual property lawyer.