Patents and Idea Protection
It has been my experience that it is far more important to spend your
time and money on the prototype of your invention than the patent.
I have four patents on toys and have not made money on those toys in
excess of the expenses of the patents. However, the last product which
brought in royalty money for me, did not have a patent. My partner
and I on this invention decided to wait for it to sell before we spent
any money on a patent. Please note that this is not legal advice.
In order to make money on this most recent invention, I presented at
least thrity other product concepts to them. Can you figure out how
much money I would have had to spend to patent all of them first?
Agents help you protect your idea.
I use agents and act as an agent myself. I feel that when I
use an agent, my invention is in the hands of a professional upon
whom the toy companies rely. They need his inflow of inventions every
year to find the best products, or they cannot compete. A toy company
would not be wise to bite the hand that feeds it.
Types of Intellectual Property
For a Patent Search
- Utility Patent
- Design Patent
|, try this free service from IBM
--use it for quick overviews
Things You Should do to Protect Your Invention
- Register it with the Patent Offices Document Disclosure Program for $10.00
(verify this amount with the Patent Office). Click
HERE for a form you can view and print IF you have Adobe Acrobat software.
- Put the "TM" superscript on all names you plan to use as trademarks.
- Keep your invention records in a bound notebook. Put a date on the
page of each entry and have a non-relative sign at the bottom of
each page: "Witnessed and understood by _____" and the signature date.
- Don't send your invention in a sealed letter to yourself. This method can
be counterfeited and doesn't stand up in a court of law.
- Whenever possible, have persons who must look at your invention
sign a confidentiality agreement.
© 1996-99, Ayers Concepts. Last Updated 02-04-99.