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

 

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!

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 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

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.

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. 

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.  

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

David Austin

August 12th, 2016

Patent attorneys will always poo-poo DIY patents ... patent agents are generally more open minded about that. In many cases the attorneys are right ... and whether or not you file a PPA (highly recommended) on your own you should definitely get an agent or attorney involved for the NPA, and the sooner the better. It's no secret that I'm a huge fan of PPA's. FITF really makes this important.

David Austin

August 12th, 2016

Not sure what you're talking about Stephen, as it was posted immediately after my post ... I'm not an agent, attorney, nor make $ off others getting patents.  My advice is free, I charge nothing for additional consultation, and I don't give referrals for any kind of kickback.

As for the USPTO website being comprehensive I couldn't agree more.  

It is however atrociously user unfriendly to the bootstrapped entrepreneur who just needs to file a PPA so he can on with developing, seeking VC, and making his startup successful.  Atrociously unfriendly.  No offense intended (I'm sure you have no impact on that process).