I'm possibly getting a product pantented, does anyone know what to expect?

Question

I'm taking my idea in front of a corporation that helps Jo Smoes like me out with inventions and ideas. I think my idea might actually be solid, so I was wondering if anyone knows how it works. What should I expect in terms of partnership and percentages? As with anything else, I should work with more than one company, but what should I expect for starters? Remember, I'm bringing nothing to the table save my idea. Any help would be greatly appreciated.

Answer 1

Patent applications are pretty pricey. You have to have a patent attorney then you have to search out possible infringements not to mention developing working drawings and building a prototype.

Usually companies that "help out" with these things either require some sort of financial participation from the inventor or assuming the product has potential, take the costs of patenting and producing off the top before you see a cent.

Novelty and fad items are seldom worth patenting. Just produce them until you receive a notice of patent infringement then sell whatever you have in the warehouse and move on.

If you've re-invented the wheel, then in addition to entertaining the company that "helps out", I'd suggest you present your ideas to someone in that particular field and get their take on it. In addition to sharing any royalties with you, the latter option might get you a good position in their R&D department.

Good luck but think twice before you sign anything.

Answer 2

Make sure you have a Non Disclosure Agreement written up.That means that they can't discuss YOUR idea/invention with anyone else.If it goes so far as paperwork being drawn up after you have this meeting make sure you take it to a lawyer who works in that side of things.
Getting a patent can take some time so patience is also a key.And it can also cost you some money,unless you're lucky and sell your idea to a corporation in which case make sure you get what you feel your idea is worth.It was your thought put into motion...

Good Luck