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We have written all these topics to help you further understand the Invention Process and what you can do to reduce mistake and keep costs low.

June 8, 2012

Inventors and business partners

Business partners often join together in business with very little paperwork and planning which tends to cause problems in the long run. Most of the time these partnerships end in tragedy due to anger, frustration and most importantly unmet expectations. To avoid the issues mentioned above and ensure a smooth working relationship there are a few things I would suggest you clear up from the start. Financial Goals Are you both working toward the same goals? Be sure to discuss where you see your product going and more importantly how much you are going to sell your product for. You dont want the scenario of one […]
February 24, 2012

Will big companies steal my idea?

So you came up with that great idea that no one else has thought of yet. What do you do with it? There are two directions you can follow: 1. You either do all the hard work yourself and get the design and manufacture, marketing and sales done. or, 2. You approach some of the big companies already out there selling similar products and try and pitch your ideas to them. No matter how great the idea there are always people failing with getting their product to market successfully and end up with a dead end product. The years and […]
February 23, 2012

Non-Disclosure Agreement

A non-disclosure agreement (NDA) is also known as a confidentiality agreement which is a legal contract between you and another party preventing them from sharing your information with others. To be able to share new knowledge and original work, it required a lot of trust. It is essential to consider confidentiality before seeking a company to develop your ideas. What is a Non-Disclosure Agreement? A Non-Disclosure Agreement (NDA) is a low cost way to protect your business. When you and another party sign a NDA its an agreement that allows you to openly talk about the idea you have without them disclosing the idea […]