I have an invention but do not have enough fund to get a patent right for it.I have have signed a confidentiality agreement with a product development company.They have assessed my invention and were pleased with my presentation as they evaluated that it's got great prospect.Please tell me what to do.
2006-06-30 23:04:53 · 5 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Hi there
Please note that laws are slightly different for USA and UK. I am answering this question based on UK experiences.
First I would seek some free legal advice on the confidentiality agreement to make sure you are not getting ripped off. Ideally via a friend, or otherwise try these out ...http://www.freelawyer.co.uk/idx/index.asp
Next I would patent the invention. It need not cost a lot but it does also depend on what the invention is. For guidance on costs check this site ...http://www.patent.gov.uk/patent/forms/ukpatsupp.htm
Most importantly I would get the patent in your name, then start discussions with companies. There are lots of greedy people out there who would not think twice about steeling your idea.
Good luck
2006-07-10 21:30:03 · answer #1 · answered by Anonymous · 1⤊ 0⤋
If you have answered one those high powered ads from TV, promising to market, patent, promote, and find a MFG., forget it.
They are not legit. Many inventors have been swindled for up to $10,000.00 & more. They do nothing. These outfits have never turned down an invention. The confidentiality is no problem.
DO NOT sign their contract. DO NOT. I've been there, and after reading the contract, it's worthless, but will commit you to $$$$.
You can apply for a patent yourself but it can be quite involved, and there is a fee. There is a legitimate orginization that will evaluate . The cost is around $250.00.
Attorneys may charge up 5-6,000 dollars., including a patent research, quite involved, but necessary.
After applying 1 1/2 years ago, the USPO has advised my attorney it will be six years to issue a patent. It can be done sooner with an additional fee.
I worked on mine for more than 8 years, and still improving. I don't see a market at the present time. Cost is an issue.
You are welcome to email me if you like.
Good luck!
2006-06-30 23:28:48 · answer #2 · answered by ed 7 · 0⤊ 0⤋
i'm no longer a criminal expert yet i'm interior the very own investment agency. right that's my suggestion: Get a reliable criminal expert who in many circumstances represents small agencies and start up agencies. Get referrals and verify references. Your criminal expert must be waiting to provide you some worry-unfastened documentation to advance money. start up conversing to angel traders - permitted traders who you could sell private securities to via fact they make adequate or are nicely worth adequate. carry conferences on your attorneys workplaces (greater proper look and experience). Make your presentation to traders (in small communities of three-5) without your criminal expert cutting-edge. Ask traders to to take a place $25,000 to $50,000 each and each for an exceedingly small proportion of the agency. keep adequate equiry for your self so which you will advance greater capital whilst needed with a 2nd, third and 4th offering (if needed) on a similar time as nonetheless keeping a significant piece for your self. a reliable criminal expert can walk you via all of those steps.
2016-11-01 01:03:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
if your invention is so good and the company is pleased with what you have,go and ask for a up front payment of them to help you patent it.im sure they know a good investment in what you have shown them.good luck.
2006-07-07 02:49:37 · answer #4 · answered by irlamboyo1 3 · 0⤊ 0⤋
PATENT FIRST YOU IDIOT OR THEY WILL STEAL IT...
ARE YOU A LAWYER? they can have clauses in page 50 in the samll print
2006-06-30 23:10:04 · answer #5 · answered by Joey 4 · 0⤊ 0⤋