If you do not have a patent for your invention, it means that you do not have the exclusive right to make, use, sell, or import the invention, and others may be able to copy or otherwise use the invention without your permission. This can make it more difficult to monetize or commercialize the invention, as others may be able to compete with you or produce similar products without the need to obtain a license or pay royalties.
Without a patent, you may also be more vulnerable to infringement or misappropriation of your invention by others, as you would not have the legal recourse and protections provided by the patent system. This could include situations where others copy or imitate your invention, or where others use your confidential or proprietary information to develop similar products or technologies.
However, it is worth noting that patents are not always necessary or appropriate for all inventions. In some cases, other forms of intellectual property protection, such as trade secrets, trademarks, or copyrights, may be more appropriate or cost-effective. In other cases, the invention may not be commercially viable or may be difficult to enforce even with a patent. It is important to carefully consider the costs and benefits of obtaining a patent and to consult with a qualified patent attorney or agent to determine the best course of action for your particular situation.