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KSAMC Finalising Programme to Combat Dengue

  Introduction In recent years, the spread of dengue fever has become a significant public health concern worldwide. The Kingdom of Saudi Arabia is not exempt from this mosquito-borne disease, with an increasing number of cases reported each year. To address this issue, the King Saud Medical City (KSAMC) is stepping up its efforts by finalizing a comprehensive program to combat dengue. This article will explore the steps being taken by KSAMC and the impact they hope to achieve in fighting this disease. The Challenge of Dengue Fever Dengue fever is caused by the dengue virus, which is primarily transmitted through the bite of the Aedes mosquito. The symptoms can range from mild flu-like symptoms to severe dengue hemorrhagic fever, which can be fatal. With no specific treatment available, prevention and control are crucial to reducing the impact of dengue. KSAMC's Approach to Combat Dengue The King Saud Medical City has recognized the importance of a multi-faceted approach to c
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Can an engineer/inventor get a patent on their own and then sell the patent rights in exchange for some shares of their company?

 

Getting a patent and selling the patent rights is a subject many inventors and engineers have trouble understanding. The question is: Can an engineer/inventor get a patent on their own and then sell the patent rights in exchange for some shares of their company? Thankfully, the response is more straightforward than it may appear.

Can an Engineer/Inventor Obtain a Patent on Their Own?

Certainly, they can! Engineers or inventors can even do the majority of the work surrounding the patent process and applications on their own, saving on expensive patent attorney fees. However, the process can be complex and time-consuming, requiring technical language and in-depth knowledge about patent laws and regulations. Hence, hiring a patent attorney or agent is often advised especially if the invention is complicated.
The high level steps usually include:

  1. Detailed Documentation of The Invention
  2. Conduct a Patent Search
  3. File a Patent Application
  4. Negotiate with The Patent Office

Selling Patent Rights in Exchange for Shares: Is It Feasible?

Yes, it is. This inventive and strategic move is growing ever more popular with engineers and inventors. Selling patent rights can yield immediate financial returns, but exchanging them for company shares can potentially bring about royalties and long-term benefits, especially if the company dramatically grows in value.
While this method might seem lucrative, inventors must get themselves properly versed with the company’s worth and evaluate the value they are getting in return for the patent.

A Word of Caution

Before choosing to travel down this road, there are some important considerations:

  • Carefully scrutinize the company’s financial prospects and stability.
  • Ensure an in-depth patentability search is done before applying for a patent.
  • Engage a patent attorney or lawyer during the negotiation phase.
  • Protect your interest by thoroughly documenting each step of this process.

Conclusion

In conclusion, straightening out the legal tangles of patent rights can initially seem intimidating. But, with the right information and guidance, an engineer or an inventor can certainly patent their innovations and sell rights in exchange for company shares. Due diligence, however, is a must to avoid unforeseen pitfalls.
Very few people bridge the gap between invention and wealth creation. Can you be one of them?

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