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Protecting Inventions

Your inventions are likely one of the ways your customers distinguish you from your competitors.  We generally think of inventions as devices (circuits, sensors, etc.), but your software and even “business methods” can be patented in the U.S.  Protecting inventions through the patent process can be cost-effective and can lead to previously overlooked revenue streams.  Deciding whether to protect your invention by trade secret or by patent can be complicated, but doing neither can lead to loss of competitive advantage and diminished margins.