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In the end it is all about making the most of your idea, market and the exclusivity rights that go with it, for a period of time, guaranteed by law, giving youre the advantage and competitive edge above all other. All application papers must be in the English language or a translation into the English language will be required along with the required fee set forth in 37 CFR 1. What Is The Potential Of This New Idea Of Patent? However, you also want to show your willingness and enthusiasm of sharing this precious item with the general populace and broader society.
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Frequently Asked Questions Regarding Patents, New Ideas, Copyright And Trademarks (SOURCE: Taken from the US Patent and Trademark Office website http://www. What are the traditional geographic, industrial and marketing barriers to getting your idea into production, to market and in the hands of consumers? Your own money-mill of sorts. Patent law and oppositions, protocol and documentation all become a breeze in the hands of an expert and you will not feel intimidated, demotivated or overwhelmed by the intricacies of the processes at all! See also Inventive step. Getting the details of new technology publicly available, through patents and licensing, for use and exploitation by anyone with your explicit permission and benefitting from it for a period of time can go a long way in getting money and satisfaction in your pocket!
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16. WE CAN NOT OVERSTATE THIS ONE ENOUGH! Keep track of your ideas by actually writing them down these notes and moments of inspiration will come to pay off loads later. You can turn this into a churning money-making machine later on, generating additional income. Your own money-mill of sorts. Date your entries and draw it, bring the concept into reality, describe it, what will it be used for, useful for, who would use it, how is or will it be made, variations on it, refine and define it more over time etc.
17. Get official recognition and registration of this idea if you deem it necessary and prudent. Get notes notarized by an official notary. This will prove date, time and the fact that it is your idea if it ever came to a legal position where you would have to defend your originality and first to idea or market.
18. Do a patent search and research patentability internet or professional patent searcher can be used in and for this process.
19. Prototypes will be next, to see and prove it works. (or look for funding, partners and manufacturers licensing agreements, non-disclosures in place to FAST-TRACK to market)
20. Read up about inventing and inventions and educate yourself on what to expect, what to encounter and what to do.
21. Non-disclosure agreements have to be signed by all parties with whom you are sharing your idea. They attest NOT to reveal anything regarding your idea without your written permission. It safeguards and protects your best interest.
22. Analyze costs, market research, manufacturing, production, distribution, delivery etc. both locally and abroad.
23. Look at the benefits and disadvantages of your product, competitors, marketplace, feasibility, longevity in the marketplace.
24. Professional prototypes and patents filings are next. Provisional and non-provisional patents, with revisions filed by legal counsel representative.
25. Licensing and royalties (3-7% of net sales) licensing agents in field of invention is a wise choice and investment, worthwhile pursuing.
26. Making and distributing the product, financing and capital
27. PROTECT YOUR IDEA! Some have called this process and outcome the product development from concept to consumer find your balance between keeping your idea and sharing it with the world! Turning it into an economically rewarding mutual value proposition in the spirit of the new economy and the commodities that exchange hands there and enable our lives!