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The right comes into force after the corresponding patent expires and has a maximum life time of 5 years. Even this patent or new idea can be sold, licensed, mortgaged, assigned or transferred, or simply given away. Getting the idea and funding is only half the battle for most companies and businesses. There are some great concepts, descriptions, definitions and even legalese found on the US Government website for trade and patents at http://www. Used to mark products to alert people to the possible existence of a patent, thereby initiating the date from which damages may be claimed.


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Rivalry and tragedy or conflic and unhealthy competition can also arise if it is not dealt with effectively. Sharing the news and idea is a top priority and one of the most common reasons people want to go through these processes. (iv) covered by contract law Getting a new idea off the ground, is NEVER easy. Copyrights information can be obtained from the U. See also U.

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Defining And Protecting Innovation THREE QUESTIONS - part 2

There are obviously numerous ways to go about each of these individually and collectively. It is up to you to make them each work for its best magic for you and your idea. Market research, talking to experts, others, surveys and more will pay and serve you well in the long run as you go about collecting data and input for your presentation and marketing pitch, define and refine what your idea actually is, offers and could mean to you, others, investors and more.

Claims to originality has to be investigated too. Comparisons and contrasting from existing markets, products, competitors and more will also help you more clearly lineate what makes your idea special, unique and NEW!

Market analysis, financial forecasting and more all form part of this process too. If you are not comfortable to be doing this research yourself, there are numerous specialist and niche providers out there to assist you with this part of the process (see reference and links at the end of this text for some useful parties)


Let us dive in together a little deeper on how to make your million dollar idea a reality utilizing these different processes at your disposal.