Patents, Copyrights, Trademarks, Industrial Designs
Why It Is Important
When licensing, a patent can add to the revenues and royalties. In other cases a patent on the right product, at the right time, for the right market is a goldmine. Intellectual property should be thought about when you are convinced there is potential for the product and some prototyping has been tested. The reason to wait for the testing of the prototypes is often products change throughout the course of a project. Therefore, patenting too early could make the patent invalid if you don not finish with the same product that you started out with.
What You Should Know
Most patents do not make money. In other cases, 50% are abandoned once they are patented. There are often 10-100 changes in a product before production. Patenting too early may give you a patent that does not reflect reality when it goes to market.
Here is what Mr. Maulsby, the spokesperson of the United States Patent and Trademark Office, said in an article in Business Week: ¨In truth, odds are stacked astronomically against inventors, and no marketing outfit can change them. There are around 1.5 million patents in effect and in force in this country, and of those, maybe 3,000 are commercially viable," Maulsby says. "It's a very small percentage of patents that actually turn into products that make money for people.”
Use intellectual property such as a patent, trademark or industrial design when you have proved that there will be a potential profit—not before.
How We Can Help
Patents should be used as a stratrategy to enhance profits. We can help with the evaluation and potential of your idea from a marketing standpoint before you spend too much money. Then we will optimize the design and work with you and an IP professional on a marketing strategy for your patent, trademark or industrial design. If there is potential, we will help you decide on the right intellectual property from a marketing and monetary point of view for your idea.
Some organisations say they work with agents or lawyers or have pictures of some on their website. They could use these people only to deposit in foreign countries. Otherwise, you could have a patent that is not worth the paper it is written on.
Most patent lawyers and agents are also engineers. After graduating, they are mentored for a few years on how to write a patent correctly before taking the exam to become certified. Imagine, only 15-25% pass the exam with all those qualifications. Why? According to those we spoke with who correct the exams, people fail because they cannot write claims that will stand up in court. If you use a patent writer, the company engineer or software programs you could have expensive wallpaper that won't stand up in court.
Promise & Offers
No hidden costs
Provisional Patent Application
$975 Including taxes and filing fees
USE CERTIFIED PATENT AGENTS/LAWYERS...YOU DON'T WANT THIS TO HAPPEN TO YOU!
'John Rock was originally hired to do R&D and had his first exposure to intellectual-property law in the mid 1990s, when Augustine Medical sued competitors for infringing its patents on Bair Hugger. Augustine had been a firm believer in patents from day one ("If you can't protect it, you shouldn't make it," he says) and had written most of the company's early claims himself, with help from an outside lawyer. Unfortunately, those first filings were flawed; the company won its case in federal district court but lost on appeal a year later.¨