We advise our clients to be aggressively seek to evaluate the market for their technology once the Provisional Application is filed. Once the Provisional Application is filed, the product can be marked "Patent Pending" to advise competitors that you are seeking to protect any and all patent rights associated with this product. The competitors do not know whether you have filed a Provisional Application or a Patent Application. If it is a Patent Application, it could have been filed last week or it could have been filed 16 months ago and a Patent is about ready to issue. You cannot sue someone for infringing a Patent Application but need to wait for the Patent to issue. Nevertheless, a competitor will need to invest in manufacturing to build the product and advertising to promote the product not knowing when and/or if the rug will be pulled out from under him at any time. It's a risk many business people prefer not to make. Good luck!
Answered on May 27th, 2015 at 10:47 AM