Don't File For A Patent Too Soon!

So if you think you need to rush out and protect your invention, don’t make the mistake of filing for a patent too soon. One of the biggest intellectual property problems for startups is filing patent applications too soon and setting themselves up for massive costs before they are ready for them and creating unnecessary risk for the company. Instead, wait until just before you start making public discloses, public uses, offers for sale or pitches to investors.
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- My best-selling book, Patents Demystified: amzn.to/2MX5le9
- The top book on licensing your idea or invention: amzn.to/3tDLSib (One Simple Idea by Stephen Key)
- When to file a patent application: www.dwt.com/bl...
- Is software patentable: www.dwt.com/bl...
- My appearance on CNBC’s “The Profit” with Marcus Lemonis: www.cnbc.com/v...
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**** DISCLAIMER: Information in this video is not legal advice and should not be relied on as such. The law can change and the information in this video may be outdated, so you should always consult an attorney regarding your specific issues in view of the current state of the law. *****

[@tracymullane8818]

How could it be too soon? It takes 3 years for it to be granted. Wouldn't having a patent be better than not having one? Better to have a fence around something to keep people off of your property. If they want to try to steal it, let them spend the money to do it.

[@PatentsDemystified]

It's counter-intuitive, but I see filing to early being an issue way more often than filing too late. It's hard to fully explain in a UA-cam short, but this article has the detail on the rationale for why filing too soon is a bad idea: www.dwt.com/blogs/startup-law-blog/2020/08/when-to-file-startup-patent-application This video also discuses this in more detail: ua-cam.com/video/kguf3LllW58/v-deo.html

[@tracymullane8818]

Thank you. My idea is one of those too obvious solutions to a problem. I suppose if after production I get feedback and need to change it, I can just file a provisional patent again. At that point I should have a pretty good brand If I go with high quality construction. I also just realized that you get patent pending status after you file the utility patent. Thanks for your feedback. It's super helpful and I understand it.

[@PatentsDemystified]

Want more detail on the best patent strategies for startups? Check out this video: ua-cam.com/video/zCbEz3AKVoE/v-deo.html