I have a product that I have invented, and I want to manufacture,package, and distribute on my own, if that is in my best interest for now. Do you have any better ideas ?
2007-08-10 14:31:07 · 4 answers · asked by Cancerbeater 1 in Business & Finance ➔ Other - Business & Finance
short answer is NO.
Get a good patent attorney
good luck
2007-08-10 14:38:49 · answer #1 · answered by Jan Luv 7 · 0⤊ 0⤋
As soon as you manufacture and sell the product, the invention is in the public domain and you cannot get a patent for it!
So - keep all the information under wraps and get a patent. You CAN do it yourself (NOT advisable though). If you believe you have an unique invention and you believe the potential for monetary gain is very good, then patent it.
I would gladlly pay a reputable patent attorney (ask them for a detailed quote first) to do the work, rather than these guys who promise you gazillions in royalties for your upfront fee. (Ask them how many patents that they have handled have been successfully commercialized)
Before consulting with a patent attorney (or should you decide to do it yourself), have a look at the step-by-step guidelines on patenting on the site listed below.
Best of success!
2007-08-14 15:57:32 · answer #2 · answered by finn 3 · 0⤊ 0⤋
to expand on the short answer ("NO") ... if you use an easy and cheap patent attorney and your product fails ... he was worth what you paid him
however, if you use an easy and cheap patent attorney and your product becomes a commercail success, you'll quickly discover that your patent isn't a serious impediment to copycats and you'll soon be back to square one.
my estimate of the cost of a serious patent firm in the US is about 150,000 USD. half of that will be up front and the other half after one year. in that year, you decide whether you are making enough profits, or likely will make enough, to pay the other 75,000.
if you decide no ... close your business and move on to something else. otherwise, pay the seocnd 75,000 and get to work making your fortune.
GL
2007-08-10 21:44:06 · answer #3 · answered by Spock (rhp) 7 · 0⤊ 0⤋
If you think it's a good idea and you'll make a lot of money off it, get a lawyer and get a patent. Otherwise, someone ELSE will make a lot of money on it.
2007-08-10 21:34:52 · answer #4 · answered by bibliophile31 6 · 0⤊ 0⤋