Regardless of where you live or what industry in which you work, you are sure to find agents who are both reputable and less reputable as is the case with a variety of professionals. These individuals often serve to assist inventors as they move through the manufacturing stages of the invention process. However, before you decide to hire an agent for your invention process, let’s take a moment to define what an agent does and the potential costs as well as things to consider prior to hiring an agent. What exactly is an agent? An agent is an individual who […]
By now, you have probably heard of or been asked about your domain name, which is the term used to describe the name that you want to give your website. As if coming up with an invention was not complex enough, trying to think of a name for your company and/or website is not any easier. As a rule of thumb, it is always recommended to name the website the same name as our business or product. Why? When people search for your product or business in search engines, your website (if under the same name) will come up in […]
The most obvious answer to this question is, of course, to protect your idea. Based on the nature of your idea, there may be people ready and willing to patent your idea if you have not already done so. The application for a patent gives the owner of the idea the best opportunity to profit from the idea while, simultaneously, preventing others from copying it for their own benefit. However, although a patent prevents others from copying your idea, you do not have to have patent an idea to be able to exploit it. It has often been said that […]
The designer will typically use one of a selection of thousands of different types of software on the market today to create your product. Each software typically perform the same actions but in general software is chosen dependent on the industry the designer is trained in. There are 3 levels of software to choose from, the high end, the mid end and the low end and they are priced accordingly from $500 to $20,000 for each license. The reason for the different software and price levels is to do with the functions offered by each software. High end industries such […]
You might be thinking, “How do I make my idea a reality without sharing it with others?” At some point, you will need to share your ideas with designers, manufacturers, distributors and marketing experts. The most common way of protecting your idea is, of course, to obtain a patent. This process, however, can be costly, not to mention time consuming as they can potentially take years to be approved. There are other cost effective strategies that you can use to protect your idea from being stolen. Agreements There are a few legal tools to help protect your idea. These tools […]
Typically there are two types of NDA’s, a unilateral or one sided agreement and a mutual agreement. One Sided Agreement Most NDA’s are one sided and used by the inventor to protect themselves from any information that is disclosed to another party. Mutual Agreement Im sure you could guess this one. A mutual NDA is written to protect both parties who need to disclose information to each other. This mutual NDA is typically used when 2 parties are looking to merge or form a joint venture.
You will lose your right to a patent if you fail to pay maintenance fees to the patent office, which ultimately results in the patent expiring. For this reason is is very important to keep your patent up to date and always inform the relevant patent office of your current address to receive correspondence and fee information.
Pretty simple answer really, you need a design as you cannot progress any further with your idea or invention without one. Designs are created to illustrate how your product will work and also help people understand how it will eventually look. The most important part of the design is actually being able to send the final drawings to a manufacturer who can manufacture the product. You are unable to get a rapid prototype made without a professional design. Everyone getting an invention made will need a design generated professionally to ensure the product will be suitable for manufacturing. If you […]
A trademark is a distinguishing feature that is a sign or indicator, typically used by a business to make their product or services stick out to consumers. Having a trademark usually tells people that your product is the unique version of that product and makes you stick out from competitors. Having a registered trademark adds exclusive rights which can be enforced as trademark infringement. For people or businesses that use an unregistered trademark they generally have rights that restrict people from passing off as the mark as their own. The internet has caused trademarks and trade-names to become more valuable. With the competition so […]
Ensuring your invention is going to be the best you can possibly make, means you need to take your time and don’t rush. A forced invention is more likely going to be a failure as it most likely won’t consider all aspects of the market. Presumably you have a full time job and a life, so treat your new idea as a hobby to start with. Don’t even consider quitting your job based on your assumption that you will make millions instantly. Your idea might make millions, but it will almost certainly take a minimum of 6 months until you […]