If you are serious about turning your ideas into a full-fledge product, it is a good idea to obtain patent protection. By having at least a “patent pending” status, we could ensure a degree of protection. Before patenting our ideas, it isn’t a good idea to promote or advertise it. Also, potential investors won’t take us very seriously if we don’t have patent protection yet. Without it, our idea is just an idea, nothing more. Here are things you should know about patenting:
You can turn an idea into an invention: Any inventors would love to see their ideas to become an in invention. The only way to do this legally is by patenting it and it may not always be clear cut in practice. It may be necessary to obtain proper advices from lawyers and other legal professionals.
Discuss our ideas only to appropriate individuals: We should only talk to people who can help us patent our ideas. However, it is also necessary to find out whether our ideas are patentable. There’s a possibility that other people have patented something similar. In this case, we should approach a reputable patent lawyer, who is credible enough to keep our invention confidential.
If our ideas are potentially lucrative and promising, we could take with professionals who know how to promote our invention. In any case, we should have a Confidentiality Agreement as a legally binding document to keep our invention secret. People who sign the document should solemnly promises to keep our ideas confidential. It is clear that such an agreement is only usable for limited purposes. It isn’t suitable for publicizing or advertising the invention.
Find out whether our ideas are really patentable: To make our ideas patentable, we should be clear of their potential usefulness, inventive values, novelties and others. We should be sure that there are definite needs and market demands for the idea. This will make sure that there’s a market for our ideas.
Find out more about patents: Patents are simply documents that are designed to provide legal protections for inventors against unauthorized claims and uses. While a patent is clearly public disclosure, the Confidentiality Agreement is only a personal disclosure.
Find out more about provisional patent: Provisional specifications are an affordable form of legal protection for our ideas and it is appropriate for new investors. The patent office could start by saying that our patent is “dormant” and it won’t be challenged until there’s a legal challenge. As an example, this can happen if other people patent something similar and there’s a doubt who filed for its first.
However, there’s a possibility that an earlier applicant loses out due to poorly written provisional. It is perfectly acceptable legally to write and lodge our own patents to save costs, but it can be a rather foolish thing to do. We couldn’t be sure whether our invention is properly protected or not. This may not be recommended if we seek to get final patent immediately.
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