Entrepreneurship · Ip

How you can protect your idea & IP in a cost effective manner?

Narendra MBA Chief Marketing & Strategy Officer and Entrepreneur

August 11th, 2016

What separated Alexander Bell (inventor of Telephone) from Elisha Gray were just few hours. The patent for Telephone system was granted to Alexander Bell and revolutionized how we communicate today.

However, filing a patent and getting it approved is a cumbersome process, and it takes long time and the cost could be thousands of dollars.

Find out how you can protect your intellectual property in a cost effective manner. 

Read blog now!: http://bit.ly/1lShxJB

 

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Stephen PMP Project Management Professional

August 12th, 2016

You guys are killing me with the shameless plugs, lol!  For those who care, the Patent & Trademark Office actually offers pro bono (free) attorneys for some applicants.  I won't link it, because if you really want the help I suggest you do the research.  

I will say that as a government Agency, I think we've done a pretty solid job of providing a comprehensive website which provides all of the information and resources one needs to understand the process thoroughly AND file.  Though things may be buried within a few clicks because their is a lot of info.

Again, even as an insider, we strongly recommend obtaining an IP attorney.  

I'll stop my trolling here.  
Cheers!

Wayne Nix RNvention, LLC

August 16th, 2016

Patentability should not be your only defensibility in today's world. I also think its more valuable to know if I'm infringing on someone else's patent but believe one should file a provisional to protect yourself as much as possible and have persons sign Non-Disclosures when in talks. Also note that you have publicly disclosed to the world, certain places like France no longer give you the option to file. And there are lawyers who will give some free pro bono advice. One thing i do is try to write the specification as much as possible to save on my legal fees.

Martin Omansky Independent Venture Capital & Private Equity Professional

August 11th, 2016

My advice is this: if you have some money, spend it on a savvy patent attorney. Get his/her opinion. Not every innovation requires patent protection, and some innovations should not have it. Now it is hard to get a patent on most forms of software, for example, and many process technologies usually should be carefully-guarded trade secrets. Your innovation is your most precious commodity; protect it before you do anything else. Sent from my iPhone

Charlie Downey President & CEO at Downey Insurance Agency, Inc.

August 16th, 2016

Patent Insurance to cover trademark infringement / Patent Infringement starts around $10k.  That's One way to get some help with legal defense. Patent Trademark is a tough issue these days, Insurance or Not. we watched a notorious foreign country grab one of ours recently. 

Irwin Stein Very experienced (40 years) corporate,securities and real estate attorney.

August 11th, 2016

Interesting but I don't see that a DIY patent application is a good substitute for hiring a real patent attorney. When you get ready to set up your crowdfunding platform feel free to give me a call. I can help show you how to do it right so that the companies that you list on the platform actually get funded.

Martin Omansky Independent Venture Capital & Private Equity Professional

August 12th, 2016

Stephen: No contradiction. Patents are fine when you can get one. Getting an effective one is another matter entirely. Also, you must have the resources to defend against infringement, which for early-stage companies is a problem. Some innovations, however, are better protected by not disclosing the secret sauce to anybody. As I said previously, process technologies are particularly vulnerable, because infringers can hide their theft behind walls and fences. My partners and I prefer to see effective patents in place, but we are not religious

Stephen PMP Project Management Professional

August 11th, 2016

Hmmmmmm.... I am a USPTO employee.   Interesting post. 

Stephen PMP Project Management Professional

August 11th, 2016

I like everything Martin said, except there is a bit of a contradiction in your advice. Not every innovation requires a patent vs protect your innovation before u do anything else.  The former advice is a bit better.  

I also don't think DIY is better than hiring an attorney. Good advice Irwin.  However, to Narendra 's credit, First to File is everything these days so for those who have limited resources this is at least the beginning of a sound way to protect your invention.  When possible, hire am attorney.  

David Austin

August 14th, 2016

Rishu - if you didn't follow up a ppa with an npa within 1 year it's legally as if you never filed the ppa. Can not be revived in any way. Note also that only claims supported by the ppa get the file date of the ppa, so "fixing" it in the npa doesn't give you the advantage of filing a ppa. I advise to fix it in real time with multiple ppa's as the "fixes" are fleshed out. If a micro entity this is only $69 per pop so well worth it. Incidentally your ppa is not made public if you did it correctly so Ikea didn't get your idea that first year from that. Morphic resonance? My advice is to keep innovating, don't look back.

Judith Szepesi Founding Partner and Patent Strategist at HIPLegal LLP

August 14th, 2016

There are indeed some great resources sponsored by the Patent Office:  https://www.uspto.gov/patents-getting-started/using-legal-services/pro-bono/inventors

I also often recommend Nolo Press' Patent It Yourself.

But I agree with the other commenters, that if you are not completely cash strapped, talking to a competent patent attorney is worthwhile.  Most will talk to you for a short consult for free.