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How to Know If You Need to Patent Your Product

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This story appears in the June 2013 issue of Entrepreneur. Subscribe »

Q: I'm ready to step out of my basement workshop and introduce my invention to the world. Do I really need to get a patent first?

A: You've designed a better mousetrap. And you're anxious to get the production and sales processes snapping so you can sooner start counting your profits. Not so fast. You might first want to think about applying for a patent.

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