I took notes for anyone who wants to copy/paste what he said to your own computer. see below, but watch the whole video. He is a great source of useful info. 1. don’t tell anyone about your invention without taking precautions. 2. Approach crowdfunding cautiously. The way to stop copycats is to file for a trademark and a design patent. It takes 10 months to get the trademark and design patent back from the place you filed. If you do decide to crowdfund, then you need to get those filed first so you have something to fight the copy cats with. 3. License your invention to a big company. If you do that then they will give you some type of protection because they have more money to fight. 4. Be highly selective of who you work with. Do a background check on them. Type in their name, type lawsuits, and complaints and see what comes up. Find out if that company is in the middle of a bunch of lawsuits or has a ton of serious complaints about them. 5. Don’t share confidential information with anyone before filing for some form of intellectual property. A provisional patent application is the best thing to get. You can do it yourself and it is very affordable. It gives you patent pending status for 1 year. 6. When you go to a company to share your idea with them, share the benefit first. Once they are interested have them sign an NDA (non-disclosure agreement). An NDA sets a tone of professionalism. Don’t get an NDA off of the internet and change the wording around yourself. Get one from a patent attorney that is tailored for me. 7. Leave a paper trail. Document every phone call, meeting, etc. document what they said and what comes next. 8. Out think them. Think of all of the ways that they may try to work around you with the same idea, but designed differently and file for patents on those ideas too. File intellectual property and file provisional patent application on all of the variations. 9. Understand all of the manufacturing techniques related to your invention. It’s really about manufacturing your idea at the lowest price point. You should file a provisional patent application on the method of manufacturing. Include those manufacturing details in the filing of the intellectual property filings. Find the cheapest way to make the product. 10. Understand the landscape of intellectual property in your particular field (relating to the product.) (search for prior patents.) Know what makes my invention different than the prior patent. Its possible that the patent is already made, but the actual product is not on the open market for whatever reason. If there is a prior patent, but the idea is not on the market, then something went wrong. Find out what went wrong and file my intellectual property on lines that make mine different than theirs. The company will likely say “hey there is already “prior art” on this so why would we pay you?” use that point of difference as a selling tool. 11. Hire a great attorney to help you with your intellectual property. Someone with a great reputation for drafting lots of patents. I can go to the USPTO and see how many patents that attorney has filed and how many he has received. If he hasn’t received very many you should probably find another attorney. Also ask them how do they work with patent examiners. He needs to be a charming person who can work with the patent examiners in those office actions.
Hey Steven,Thank you so much for what you do I appreciate you! I am an inventor and a hold three utility patents, if I may suggest, you might want to talk about the attorney you do higher because I went to the biggest patent attorney in Albuquerque and after 18 months I walked out with the same patent pending that I walked in with minus -$55,000. Take care keep on doing what you’re doing. Joseph
Can you elaborate on the manufacturing part in more detail please? I didn’t know you could file a patten on the method of manufacturing? How would that work? I find that particular part very interesting and would like to know more please.
Thank you for your time putting out all these video's! I have already learned so much. Before your videos, I was so afraid of my Patent Shadow that I never dared expose my idea to the light of finally moving forward!
I liked two points: Out-think yourself - i.e. 1. think of the next improvement or close any window for someone to enter, and 2. Do a really thorough prior art search - it arms you with enough ammo to block potential competition. You're also much better prepared to respond when someone does cheat / copy. No unnecessary panic!
@@PureMI-v4g, when you take an idea from early concept to manufacture ready the idea / product will go through some changes and with each change the product improves in some way. Some of the changes along the way will be patentable and if they are covered in your patent then it will make it harder for someone to compete against you.
Stephen Key Thank you for answer, Steven. I will stay in contact with you, maybe we manage great business in the future, the good thing, our market not just in the States, we have the whole world.
This is one of those great videos with all those nuggets of information that I saved to my library. Cherry Pick 6 or 8 of all of the videos that they have their best suited for your taste and watch them repeatedly. The World Cup is coming
Excellent point about using a patent attorney that can "sell" your invention to the patent examiner during an interview because this is critical.........If a patent attorney has no personality do not use them because, as much as the PTO might say that it is all based on the law, it is not. Patent examiners are human and will give more to inventors, and their patent attorney, if they like them!
Wow! I did not realize that examiners actually interacted with inventors and patent attorney. I thought, once you file your patent, you then follow instructions, and your patent is granted, if your patent meets criteria.
@@InnovatewithLes I have filed three patents, all on the same product- first I filed a provisional patent- then I filed a non-provisional patent- for design and utility- (my product can be considered design or utility, so I wanted to cover all bases). I did not consult with an attorney- looked at a bunch of videos on youtube University (LOL), and also read a lot on the USPTO.gov website, and another good source is to call them directly- there has been a few issues, in which they literally walked me through a particular task online. Almost everyone I talked to, are SUPER nice and it was totally unexpected- I was thinking I would get people that would brush me off, because they get a lot of calls, when in fact, they were the opposite. Now, I am registered online to submit my correspondence, and this eliminates your product being exposed through the postal system, and also allows for quick uploading and downloading. If I am not too sure, 100% before I submit something, I call them directly, and they are happy to help. A few have given me their personal office extension number, if I had any other questions. They also have surveys after most calls and the employees are conscious of it. My experience with them has been favorable and in my opinion, better than dealing with a lawyer, waiting on responses, and extra fees, so--please call the USPTO before you submit something if you are not too sure-they will assist you. Sorry this was a long comment, but hopefully, it help someone.
Going back and forth with an examiner is a pretty much guaranteed part of the process! Read our interview with a former patent examiner to find out more: www.forbes.com/sites/stephenkey/2018/07/31/before-you-begin-the-patenting-process-read-this/#f53922152f69
If someone from Inventright can answer this: I have a product prototype and my production is scheduled to be made- I also have a patent- instead of calling several companies- I would like to get a hold of a certain celebrity- because my product goes along well with their product. How can I be connected to this particular celebrity?
ok Questions I hope Steven or anyone that knows can answer: 1. If I do a PPA what is to stop a company waiting the year out and just taking the idea? 2. If I have a PPA and I still have hopes to license it Can I renew the PPA? 3. If I can't renew, can I change it slightly and do a new PPA, and if so how much do I need to change it? It's funny because your videos have given me a lot of good info and knowledge I didn't have but at the same time scare me a little with how much I realize I don't know and don't want to screw up and lose out by making a mistake. Catch 22.
Thank you Robert! Have you read Stephen's bestselling book about licensing, "One Simple Idea"? www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676
Hi InventRight, former student and I wanted to know if you were planning another visit to Michigan Universities Entrepreneurs center. It was very humbling to meet Steven and David though I was nervous as heck haha! Thanks for all your knowledge through consistent attempts I will land a deal just waiting for the right one to find me. Anyway thanks and have a great New Years!
Grant, thanks for asking! No plans to return to Michigan this year, yet. We post all events in our newsletter and then on social media. Stay in touch, and don't hesitate to reach out. We love hearing from and helping former students.
I see how to search for my attorney on the USPTO website but I didn’t see anything about the number of patents he has filed for and received, where is that exactly? Thanks again for another helpful informative video
Please read this information. www.forbes.com/sites/stephenkey/2018/07/31/before-you-begin-the-patenting-process-read-this/#7282ba6252f6 It explains how to check up on your patent attorney. Thanks for watching!
Wow that is great information, you can have a meeting with your examiner??? SAY WHAT???? Lol meetings training events classes oh my! I encourage any first time inventors with very little assets to check that link out.
Binging ur vids ( doing the homework ) and decided to leave a note on a few. Haven't seen a bad one yet :) Love (what i think is a great take-away); replace fear w/knowledge.
Stephen!! I followed your steps and I got a company to email me back asking to send my video presentation, images to review my product and to determine if they're interested!! What do i do?! Im excited, scared, nervous HEEEELP!!
@@inventRight I have an idea for learning language . how do I get in touch with Jim Gallien. I already finish the product ppt . how to start my idea . I live in Taiwan . please tell me ,ths
Thanks for watching! You may also enjoy Stephen's books about inventing and intellectual property: www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676 www.amazon.com/Sell-Your-Ideas-Without-Patent/dp/1507885733/
I filed a provisional patent application last year it got sent back to me 4 times, saying I'm missing this and I'm missing that.I should say I re-applied 3 times from scratch. They waste just enough time to try get you to pay for extensions. Seems the right hand does not know what the right hand is doing there. I wasn't missing anything. Very discouraging.
I sat down with a patent attorney in Charleston, SC. and he just ask a few things about what I needed but talked more about his fees. I ask to sign a confidentiality form and he said " Not needed Im a patent lawyer " I went on showing a proto type, he liked it gave me a price list.. What he didn't know was my gopro was on video & voice it was on the table he saw it and I just said that was my way of confidential proof.. No need " I" got it covered.. To the point is its hard finding a PA close to work with that you can trust.
I had the same issue with a partent attorney. They bounded by law to not disclose your information. But I also didn't enjoy that he didn't want to sign it. I think it puts them to much at risk. I'm not sure you will be able to use a video/recording if they didn't know you were recording. Legally they need to know they are registered so you can use it as proof. Maybe some background checks before choosing the attorney. What I was thinking of using is also anemail following the appointment saying what has been discussed. Then it's dated and you kind of mention what was said in the appointment.
Hello SP @@Melodylova He was the only attorney in that area. and he knew it. There are so many good ideas out there, but hard to get it off the ground. Call Stephen it helps to get feed back to light a fire..
You might find this article helpful. Thanks for watching! www.forbes.com/sites/stephenkey/2018/10/30/signs-your-patent-attorney-does-not-have-your-best-interests-in-mind/#9fce7453b0a2
I need help SO BAD MY FRIEND I TOLD ABOUT MY INVENTION HE LOVES IT SO MUCH ABD WANTS TO GET IT GOING ASAP HE GETTING A BIG SETTLEMENT SOON AND I SHOULD NEVER HAVE TOLD HIM PLEASE PLEASE 🙏 HELP ME AND THANK YOU SO MUCH!!
So what do you do if someone steal your patent pending design after a month . I just release my item in October after filing provisional patent and release the product someone already stole my idea this month and start selling even my listing says patent pending. Thank you
Thank you for all your help ! My question is, if I don’t want to use the venture option? I’d rather go the licensing route. This is idea is a big one I’d like to get tech companies like Apple, or Samsung. It has a medical component to it. Any suggestions anyone?
Stephen, your point 5. Intellectual property; If I file in one country, just provisional, what's to stop anyone then seeing that and then attempting the same in another country? It costs over 50k euro to file the world over, or will the one filing in your country count as "prior art" and therefore as an infringement everywhere else on the planet?
I was talking to my IP Solicitor and he advised me to buy your book, which I did. He also stated, you can licence your idea to companies and gain royalties. What percentage do you charge the companies?
Should I file for both a utility and design patent PPA? I know utility patents are more powerful, but should I file for a design PPA after my utility PPA? Also if I come up with a little tweak to my idea, should I put in another PPA or wait until I have more solid ideas?
My invention is currently bring reviewed for ASOTV, and I'm seriously excited because its definetely not seasonal, and it solves a huge problem that many people didn't know they had. I am interested in working with licensing circuits because I am a investor, entrepreneur, and have several companies I already have constructed into success. I chose licensing path because I need free time in order to keep creating more. Is there a way i can interact with you for possible future licensing?
Merry Christmas !! QUESTION: I live in England and I am reaching out to companies in USA in the next few weeks. I have filed PPA in the UK, will I need to file a PPA in the USA to protect me as the UK PPA does not protect me in the USA or Canada... Do I file PPA in the USA as well?
Yes. Please note, this is not legal advice, as we are not attorneys. For your consideration, we have a program that can help you write a stronger PPA. Check it out: inventright.com/what-we-offer/smartip-offer And good luck!
Hey Stephen really appreciate your channel. product im developing requires me to design a hinge as a key component.Do i need to have a sepreate PPA for that hardware or same as entire product?
I read some time ago that if they steal your invention, you should be very happy. #1. They proved that there is demand for it. #2. You have a company that you can license to, negotiate with or sue in Court. Is that right ? Also if you freely disclose and advertise your invention , if a company sees it and likes it, they are much more likely to contact you for licensing for a low %, instead of stealing it. Most companies rather pay you a small % royalty than bother with expensive time consuming legal headaches. Is that right ? Also in this case if they steal it, back to top paragraph.
Ray, you're thinking smart. We know inventors who have gotten licensing deals by tactfully approaching companies that were infringing on their IP. On your second point, we disagree. It is important and necessary to take your idea to the company - not wait for them to come to you. Thank you for being a valuable member of our community.
Thank you for reply. So on the first point (paragraph) you agree with it ? On the second paragraph how about doing BOTH (your method of reaching out to companies first. And then if that fails you can advertise it on FB or Linked in perhaps or other places ? Advertising can be relatively inexpensive and save the very difficult work of having to call 60 companies and following up with each 4-5 times.
@@inventRightMore than welcome. Big help! I have 10 concepts but finding people who have the same mindset is difficult and vision is rare. The slightest bit of Arrogance and I just move on.
Hi Stephen, How can we protect ourselves from being ripped off from the DRTV companies? Or can we? Even the one's who will sign an NDA, it's their NDA and they know how protect themselves very well, it's always one sided. Do we say that with DRTV companies that's just the way it is and hope for the best?
Hi Guys, thank you so much for the fantastic info, I do have a few questions which you may not have addressed as yet and would love it if you could possibly make a video on. I own a business that designs and makes a line of products currently and we are considering making an application to secure the licensing to make a new line of products with a company which owns a world renowned brand and the relevant IP. They have shown positive interest and asked us to put through a proposal. This is where I would really like advice on how to write that initial proposal, I know my industry backwards but I am completely unaware of the format that I would need to submit this proposal. How might I find out more about going about this? I'm finding limited info online regarding being on the flip side of the coin. Any help would be most appreciated! Kind Regards
@@rayarjomand6533 Yes 2Small companies did, but they messed up my whole concept. They even gained capital while I gained absolutely nothing on indiegogo which is crazy because I created this product and have patents that predate theirs.
Okay so now you have a "Target" company to approach and try to license your creation. My own suggestion is to stay in contact with them and negotiate some kind of Win-Win licensing or partnership with them. If they refuse then you can ask your attorney to sue them for infringement or send several threatening letters that if they don't come to an agreement you will sue them.
@@rayarjomand6533 crowd funding websites can be a big magnet for copy cats looking to steal ideas. You have to make sure you have a properly written PPA, so they can't work around it.
Great video but it's to late since my idea was to make this exact same video. But seriously I sent in 4 ideas back in 2017 to a site called called quarky or something and one is selling at Lowe's and the Snap wire connector set is selling on tv. two that I know of so far
If you want to license your idea to a company, should I file a provisional patent before sending the benefits information to the company? Do you need a drawing of the product on
This article explains the benefit of filing a provisional patent application before contacting potential licensees: www.forbes.com/sites/stephenkey/2018/01/08/dont-file-that-patent-yet-file-a-provisional-patent-application-first These articles describes what your sell sheet should look like: www.inc.com/stephen-key/how-to-create-a-sell-sheet-that-actually-does-the-selling-for-you.html www.core77.com/posts/55950/How-to-License-Your-Ideas-For-New-Products-Using-a-Simple-Sell-Sheet If you haven't read Stephen's book "One Simple Idea," we strongly recommend it! It goes over each of the 10 steps you need to license an idea in great detail: www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676
I want to patent something I have already been selling so I think am already in danger of someone stealing my idea. I just ordered your book which I obviously should’ve done prior🙄 what is the first thing I should do? 😩 Do you guys have material covering this kind of situation? Videos? In your book? it’ll absolutely be too late by the time I get through any book. Ahhhhh!!!!!😱
Erica, you gotta calm down! Every inventor thinks their idea is in danger of being stolen. This does not lead to a good outcome. Here are some resources on patents to get you up to speed: www.forbes.com/sites/stephenkey/2018/01/08/dont-file-that-patent-yet-file-a-provisional-patent-application-first/ www.forbes.com/sites/stephenkey/2018/03/31/how-to-write-a-provisional-patent-application-that-has-value/ www.amazon.com/Sell-Your-Ideas-Without-Patent/dp/1507885733/
@@michaelwebsterdesigns7969 in my opinion use provisional patent applications as a selling tool,not a protection tool.www.forbes.com/sites/stephenkey/2018/03/31/how-to-write-a-provisional-patent-application-that-has-value/#558917505270 you might find this information helpful. Also I highly recommend learning to file a provisional patent application yourself. Check out smart IP on our website. It's the best!
Yes. You can license an idea without a patent. We can help. Here's a summary of Stephen's strategy: www.inc.com/stephen-key/how-to-license-an-idea-without-a-patent.html
If you have an ORIGINAL idea (Not on the market) ... How do you search patents for the same idea OR even create a provisional patent when you haven't even thought of a name for yours yet
You did not mention the foreign markets and China has been making copies of other inventions and copyright infringement, shoes, dresses hand bags are common in the market place. My idea is different as I sell off what my invention makes. So I want to keep this a trade secret and reap the profit for many years of being on top of the market. I can do it much more efficient and thus many will be hard to compete. Ideally as I put the lower cost (more efficient) into the market they will go broke and I can sell them short and reap the profits. As all inventions there are new improvements over time. So I do think the efficiency will increase. I do see markets getting super tight and low profit margins in the capitalist systems. Heads will roll and managers must be a wear of the changing ways and market movements. The future belongs to the most efficient society.
A patent is only good if you have "bank" to back it or to litigate. Most companies have a legal team that would tie you up like a pretzel in time, resources and $$$, which most of us don't have, especially $$$.
We do not agree at all with the assertion that a patent is "only" good for litigation. That perspective comes from the legal side of IP. There is also the BUSINESS side of IP. More here: www.forbes.com/sites/stephenkey/2023/11/29/inventions-rarely-become-products-here-are-3-steps-to-beat-the-odds/
I applied for provisional patent and sent the information to myself thru the Mail, Notarized, then talked to a Co. who told me they have NEVER ripped off a potential inventor. I had they send an NDA, I signed & notarized, sent back. They thought my idea fresh, new and said they never thought of doing anything like my idea. Next thing I know, I was cut out and told my idea was not protectable, and they were not going to sign the NDA. Hmmm. I don't have $$$ to go after them, Now what.? So YES, Do worry you are going to Robbed, You probably will be. William Bissell
If I made another comment, googlepatents.com is another good resource to research before you start spending money on a patent, The invention that you thought was original might have been patented 30 40 50 or 100 years ago and therefore you can just manufacture it without spending money on attorneys if that’s what you want to do. I’m just trying to share some of my experiences and save others some heartache and some “wallet ache”, take care, Joe
There's no easy, simple answer for that. You need to kick the tires of anyone you're thinking about working with (meaning Google their name/name of company followed by 'lawsuits' and 'complaints') and trust your gut. Your best bet in terms of defending yourself is education - no one can take away what you learn for yourself. If you're looking for help bringing your product to market, get in touch with us: www.inventright.com/contact
Key point is : If you nailed a revolutionary invention do not ever speak about it and use it for your self only.No troubles and no issues.If God gave you a chance to make it then be even smarter to grow with it without chasing milions for it.Peace is priceless.Find a way to make you grow through starting your own company or through selling it as idea or a project or simply to make it and use it for your self only.Sometimes world is not worth of your invention and your suffering because you made it.
Great video! What would you recommend if a youtube influencer shows your patent pending invention as their design and gives it to China to manufacture? Oh, and then every business in China starts selling it too?
inventRightTV haha not the answer I was hoping for but thank you. I mean, I can ask them to stop and inform them that they’ll be sued retroactively but should I still continue selling the product? Or the new ones that haven’t been ripped off? I know you’re not here to give advice in the comments portion but I really have a tough time with my patent attorney because he’s in Utah and I’m in San Diego. 🤦♀️ well, when I filed, I didn’t think I would need any help other than filing and doing my thing. Thanks for doing this channel. It’s my new binge!
This UA-cam page is educating and creating millionaires, billionaires, and otherwise SUCCESSFUL people! (Regarding inventions and Intellectual Property)!
No that's not us Sanja. I think you are confusing us with invention promotion companies. We coach, guide and mentor inventors to license their products and have been doing so for 22 years. You can check us out on www.inventright.com. - Andrew Krauss, inventRight Co-Founder
@@inventRight ua-cam.com/video/U3SqBNIowGs/v-deo.html these people are biggest fraudsters scammers crooks crooked business charge 40.000$ for patent application.
I took notes for anyone who wants to copy/paste what he said to your own computer. see below, but watch the whole video. He is a great source of useful info.
1. don’t tell anyone about your invention without taking precautions.
2. Approach crowdfunding cautiously. The way to stop copycats is to file for a trademark and a design patent. It takes 10 months to get the trademark and design patent back from the place you filed. If you do decide to crowdfund, then you need to get those filed first so you have something to fight the copy cats with.
3. License your invention to a big company. If you do that then they will give you some type of protection because they have more money to fight.
4. Be highly selective of who you work with. Do a background check on them. Type in their name, type lawsuits, and complaints and see what comes up. Find out if that company is in the middle of a bunch of lawsuits or has a ton of serious complaints about them.
5. Don’t share confidential information with anyone before filing for some form of intellectual property. A provisional patent application is the best thing to get. You can do it yourself and it is very affordable. It gives you patent pending status for 1 year.
6. When you go to a company to share your idea with them, share the benefit first. Once they are interested have them sign an NDA (non-disclosure agreement). An NDA sets a tone of professionalism. Don’t get an NDA off of the internet and change the wording around yourself. Get one from a patent attorney that is tailored for me.
7. Leave a paper trail. Document every phone call, meeting, etc. document what they said and what comes next.
8. Out think them. Think of all of the ways that they may try to work around you with the same idea, but designed differently and file for patents on those ideas too. File intellectual property and file provisional patent application on all of the variations.
9. Understand all of the manufacturing techniques related to your invention. It’s really about manufacturing your idea at the lowest price point. You should file a provisional patent application on the method of manufacturing. Include those manufacturing details in the filing of the intellectual property filings. Find the cheapest way to make the product.
10. Understand the landscape of intellectual property in your particular field (relating to the product.) (search for prior patents.) Know what makes my invention different than the prior patent. Its possible that the patent is already made, but the actual product is not on the open market for whatever reason. If there is a prior patent, but the idea is not on the market, then something went wrong. Find out what went wrong and file my intellectual property on lines that make mine different than theirs. The company will likely say “hey there is already “prior art” on this so why would we pay you?” use that point of difference as a selling tool.
11. Hire a great attorney to help you with your intellectual property. Someone with a great reputation for drafting lots of patents. I can go to the USPTO and see how many patents that attorney has filed and how many he has received. If he hasn’t received very many you should probably find another attorney. Also ask them how do they work with patent examiners. He needs to be a charming person who can work with the patent examiners in those office actions.
Thank you
Hey Steven,Thank you so much for what you do I appreciate you! I am an inventor and a hold three utility patents,
if I may suggest, you might want to talk about the attorney you do higher because I went to the biggest patent attorney in Albuquerque and after 18 months I walked out with the same patent pending that I walked in with minus -$55,000. Take care keep on doing what you’re doing. Joseph
Thank you very much for sharing Joe, that is $$$.
Make sure your NDA NON DISCLOSURE AGREEMENT INCLUDES A FIVE TO SEVEN YEAR NON COMPETE CLAUSE. ELSE YOUR LETTING YOUR REAR END HANG OUT IN THE WIND.
Top advice. Someone who has done it and knows how to protect, take his advice, this is the best you'll get.
You’re videos have been so helpful Steven. Thank you for doing this as another hustle to help others grow.
Can you elaborate on the manufacturing part in more detail please? I didn’t know you could file a patten on the method of manufacturing? How would that work? I find that particular part very interesting and would like to know more please.
Thank you so much for help! I am in the process of developing a product and I'm currently educating myself on my next steps.
Nellie Rose Spangler good luck
any updates
Thank you . I learn a lot from your UA-cam videos for my commercialisation journey!
This is a great advice. Thank you!
Thank you for watching!
Thank you for your time putting out all these video's! I have already learned so much. Before your videos, I was so afraid of my Patent Shadow that I never dared expose my idea to the light of finally moving forward!
That’s wonderful!
-Stephen
Many thanks .
I liked two points: Out-think yourself - i.e. 1. think of the next improvement or close any window for someone to enter, and 2. Do a really thorough prior art search - it arms you with enough ammo to block potential competition. You're also much better prepared to respond when someone does cheat / copy. No unnecessary panic!
Thanks for watching, and your feedback!
Your #8 is what I do with every idea I have. I call it Predatory Patent, do your best to box out the competition.
how do I do that exactly?
@@PureMI-v4g, when you take an idea from early concept to manufacture ready the idea / product will go through some changes and with each change the product improves in some way. Some of the changes along the way will be patentable and if they are covered in your patent then it will make it harder for someone to compete against you.
You are dead-on regarding crowd funding. Nice job, Stephen.
Thank you Steven. With this huge experience, why don’t u open an office to help beginners and share them their royalties as a fee?
Technically we would be an invention submission company.
Stephen Key Thank you for answer, Steven.
I will stay in contact with you, maybe we manage great business in the future, the good thing, our market not just in the States, we have the whole world.
Saad Albadri
That’s an idea anyway thanks to share with all of us
so who do we trust?
This is one of those great videos with all those nuggets of information that I saved to my library. Cherry Pick 6 or 8 of all of the videos that they have their best suited for your taste and watch them repeatedly. The World Cup is coming
Thank you so much!
Excellent point about using a patent attorney that can "sell" your invention to the patent examiner during an interview because this is critical.........If a patent attorney has no personality do not use them because, as much as the PTO might say that it is all based on the law, it is not. Patent examiners are human and will give more to inventors, and their patent attorney, if they like them!
Wow! I did not realize that examiners actually interacted with inventors and patent attorney. I thought, once you file your patent, you then follow instructions, and your patent is granted, if your patent meets criteria.
@@Effthefbi that's what I thought as well👀
@@InnovatewithLes I have filed three patents, all on the same product- first I filed a provisional patent- then I filed a non-provisional patent- for design and utility- (my product can be considered design or utility, so I wanted to cover all bases). I did not consult with an attorney- looked at a bunch of videos on youtube University (LOL), and also read a lot on the USPTO.gov website, and another good source is to call them directly- there has been a few issues, in which they literally walked me through a particular task online. Almost everyone I talked to, are SUPER nice and it was totally unexpected- I was thinking I would get people that would brush me off, because they get a lot of calls, when in fact, they were the opposite. Now, I am registered online to submit my correspondence, and this eliminates your product being exposed through the postal system, and also allows for quick uploading and downloading. If I am not too sure, 100% before I submit something, I call them directly, and they are happy to help. A few have given me their personal office extension number, if I had any other questions. They also have surveys after most calls and the employees are conscious of it. My experience with them has been favorable and in my opinion, better than dealing with a lawyer, waiting on responses, and extra fees, so--please call the USPTO before you submit something if you are not too sure-they will assist you. Sorry this was a long comment, but hopefully, it help someone.
Going back and forth with an examiner is a pretty much guaranteed part of the process! Read our interview with a former patent examiner to find out more: www.forbes.com/sites/stephenkey/2018/07/31/before-you-begin-the-patenting-process-read-this/#f53922152f69
The USPTO has fantastic customer service! Very glad to hear about your positive experience.
Thankyou Steven Key do much I've been watching your video so helpful and empowering 😊😁😎🙏🙏🙏🙏🙏
You shouldn't be fearful!
You should be knowledgeable!
First quote I liked in video!)
If someone from Inventright can answer this: I have a product prototype and my production is scheduled to be made- I also have a patent- instead of calling several companies- I would like to get a hold of a certain celebrity- because my product goes along well with their product. How can I be connected to this particular celebrity?
Reach out to the celebrities PR person.
ok Questions I hope Steven or anyone that knows can answer: 1. If I do a PPA what is to stop a company waiting the year out and just taking the idea? 2. If I have a PPA and I still have hopes to license it Can I renew the PPA? 3. If I can't renew, can I change it slightly and do a new PPA, and if so how much do I need to change it? It's funny because your videos have given me a lot of good info and knowledge I didn't have but at the same time scare me a little with how much I realize I don't know and don't want to screw up and lose out by making a mistake. Catch 22.
Did you ever find your answer ?
Thank You! Very Very wise advices!
You guys are terrific! So grateful for your information.
Thank you Robert! Have you read Stephen's bestselling book about licensing, "One Simple Idea"? www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676
Thank you.
Hi InventRight, former student and I wanted to know if you were planning another visit to Michigan Universities Entrepreneurs center. It was very humbling to meet Steven and David though I was nervous as heck haha! Thanks for all your knowledge through consistent attempts I will land a deal just waiting for the right one to find me. Anyway thanks and have a great New Years!
Grant, thanks for asking! No plans to return to Michigan this year, yet. We post all events in our newsletter and then on social media. Stay in touch, and don't hesitate to reach out. We love hearing from and helping former students.
I see how to search for my attorney on the USPTO website but I didn’t see anything about the number of patents he has filed for and received, where is that exactly? Thanks again for another helpful informative video
Please read this information. www.forbes.com/sites/stephenkey/2018/07/31/before-you-begin-the-patenting-process-read-this/#7282ba6252f6
It explains how to check up on your patent attorney. Thanks for watching!
Thanks Stephen. I really appreciate your reply as well as all the wonderful videos!
Wow that is great information, you can have a meeting with your examiner??? SAY WHAT???? Lol meetings training events classes oh my!
I encourage any first time inventors with very little assets to check that link out.
Thanks
I like the way you talking straight to the point. Excellent video
hey I really appreciate you taking your time to help people. You are a genuinely good dude.
Amazing content and amazing energy !! thank you !
Thanks for watching and the kind words! Stephen writes about these topics as well.
Great advice. Many Thanks.
This video was extremely informative.
Excellent!
Binging ur vids ( doing the homework ) and decided to leave a note on a few. Haven't seen a bad one yet :) Love (what i think is a great take-away); replace fear w/knowledge.
YES! That's what we're trying to do. Thank you for watching.
Stephen!! I followed your steps and I got a company to email me back asking to send my video presentation, images to review my product and to determine if they're interested!! What do i do?! Im excited, scared, nervous HEEEELP!!
You're in the game! Congratulations! We'd love to help you: www.inventright.com/contact
@@inventRight I have an idea for learning language . how do I get in touch with Jim Gallien. I already finish the product ppt . how to start my idea . I live in Taiwan . please tell me ,ths
Thanks So Much
stephen key
the only key to best inventions !!
ask me ..... i know !!!
aloha from switzerland
Wow. Stephen love the point on manufacturing and I'm wondering if Arin and I should do that with our idea. Could it help us increase a royalty rate?
Sometimes yes sometimes no.
Congratulations on your licensing deal!
Thank You sooo much😊
Thanks for watching! You may also enjoy Stephen's books about inventing and intellectual property:
www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676
www.amazon.com/Sell-Your-Ideas-Without-Patent/dp/1507885733/
I filed a provisional patent application last year it got sent back to me 4 times, saying I'm missing this and I'm missing that.I should say I re-applied 3 times from scratch. They waste just enough time to try get you to pay for extensions. Seems the right hand does not know what the right hand is doing there. I wasn't missing anything. Very discouraging.
Really? There are very few formal requirements in a PPA: www.ipwatchdog.com/2018/01/20/provisional-applications-good-bad-ugly/id=92623/
Call US PTO's 1- 800 number They can help you. Sorry for the confusion. They have great customer service. Thanks for watching!
Hi Stephen thank you for such a helpful video! Can I license food and beverage products?
Maybe!
I sat down with a patent attorney in Charleston, SC. and he just ask a few things about what I needed but talked more about his fees. I ask to sign a confidentiality form and he said " Not needed Im a patent lawyer " I went on showing a proto type, he liked it gave me a price list.. What he didn't know was my gopro was on video & voice it was on the table he saw it and I just said that was my way of confidential proof.. No need " I" got it covered.. To the point is its hard finding a PA close to work with that you can trust.
I had the same issue with a partent attorney. They bounded by law to not disclose your information. But I also didn't enjoy that he didn't want to sign it. I think it puts them to much at risk. I'm not sure you will be able to use a video/recording if they didn't know you were recording. Legally they need to know they are registered so you can use it as proof. Maybe some background checks before choosing the attorney. What I was thinking of using is also anemail following the appointment saying what has been discussed. Then it's dated and you kind of mention what was said in the appointment.
Hello SP @@Melodylova He was the only attorney in that area. and he knew it. There are so many good ideas out there, but hard to get it off the ground. Call Stephen it helps to get feed back to light a fire..
You might find this article helpful. Thanks for watching! www.forbes.com/sites/stephenkey/2018/10/30/signs-your-patent-attorney-does-not-have-your-best-interests-in-mind/#9fce7453b0a2
I need help SO BAD MY FRIEND I TOLD ABOUT MY INVENTION HE LOVES IT SO MUCH ABD WANTS TO GET IT GOING ASAP HE GETTING A BIG SETTLEMENT SOON AND I SHOULD NEVER HAVE TOLD HIM PLEASE PLEASE 🙏 HELP ME AND THANK YOU SO MUCH!!
I am trying to find the forms to file a proventional patent.
So what do you do if someone steal your patent pending design after a month . I just release my item in October after filing provisional patent and release the product someone already stole my idea this month and start selling even my listing says patent pending. Thank you
Thank you for all your help ! My question is, if I don’t want to use the venture option? I’d rather go the licensing route. This is idea is a big one I’d like to get tech companies like Apple, or Samsung. It has a medical component to it. Any suggestions anyone?
Stephen, your point 5. Intellectual property; If I file in one country, just provisional, what's to stop anyone then seeing that and then attempting the same in another country? It costs over 50k euro to file the world over, or will the one filing in your country count as "prior art" and therefore as an infringement everywhere else on the planet?
I was talking to my IP Solicitor and he advised me to buy your book, which I did. He also stated, you can licence your idea to companies and gain royalties. What percentage do you charge the companies?
thank you ......
Should I file for both a utility and design patent PPA? I know utility patents are more powerful, but should I file for a design PPA after my utility PPA?
Also if I come up with a little tweak to my idea, should I put in another PPA or wait until I have more solid ideas?
What about beauty products? Does licensing make sense for beauty products?
Yes, it can. We have videos about the beauty industry and inventing with entrepreneur Laura Hunter.
how do you charge for your services
Find out about our 6 month coaching program and other services here: inventright.com/
ty Steven King
My invention is currently bring reviewed for ASOTV, and I'm seriously excited because its definetely not seasonal, and it solves a huge problem that many people didn't know they had. I am interested in working with licensing circuits because I am a investor, entrepreneur, and have several companies I already have constructed into success. I chose licensing path because I need free time in order to keep creating more. Is there a way i can interact with you for possible future licensing?
Absolutely. We'd love to discuss your plans with you. You can reach our cofounder Andrew Krauss directly here: www.meetme.so/AndrewKrauss
any updates
When is it appropriate to find a patent attorney?
Merry Christmas !!
QUESTION: I live in England and I am reaching out to companies in USA in the next few weeks. I have filed PPA in the UK, will I need to file a PPA in the USA to protect me as the UK PPA does not protect me in the USA or Canada... Do I file PPA in the USA as well?
Yes. Please note, this is not legal advice, as we are not attorneys. For your consideration, we have a program that can help you write a stronger PPA. Check it out: inventright.com/what-we-offer/smartip-offer
And good luck!
Hey Stephen really appreciate your channel. product im developing requires me to design a hinge as a key component.Do i need to have a sepreate PPA for that hardware or same as entire product?
Hi Gabriel. Our cofounder Andrew Krauss can help you. Reach him here: www.meetme.so/AndrewKrauss
I read some time ago that if they steal your invention, you should be very happy. #1. They proved that there is demand for it. #2. You have a company that you can license to, negotiate with or sue in Court. Is that right ?
Also if you freely disclose and advertise your invention , if a company sees it and likes it, they are much more likely to contact you for licensing for a low %, instead of stealing it. Most companies rather pay you a small % royalty than bother with expensive time consuming legal headaches. Is that right ? Also in this case if they steal it, back to top paragraph.
Ray, you're thinking smart. We know inventors who have gotten licensing deals by tactfully approaching companies that were infringing on their IP.
On your second point, we disagree. It is important and necessary to take your idea to the company - not wait for them to come to you. Thank you for being a valuable member of our community.
Thank you for reply. So on the first point (paragraph) you agree with it ? On the second paragraph how about doing BOTH (your method of reaching out to companies first. And then if that fails you can advertise it on FB or Linked in perhaps or other places ? Advertising can be relatively inexpensive and save the very difficult work of having to call 60 companies and following up with each 4-5 times.
Few people stole my few ideas, because I talk to everyone.
Your awesome.
Thank you Chris for commenting!
@@inventRightMore than welcome. Big help! I have 10 concepts but finding
people who have the same mindset is
difficult and vision is rare. The slightest bit of Arrogance and I just move on.
If you need more help, please reach out to us at support@inventright.com
Stephen
How to legal prevent venture capital to stop copy steal your idea
Prior art?
Is mixing two products which both companies benefit an idea? Or innovation?
How do you know who to sell the benefits to ?
Potential licenses!
@@inventRight Thank you
Hi Stephen, How can we protect ourselves from being ripped off from the DRTV companies? Or can we?
Even the one's who will sign an NDA, it's their NDA and they know how protect themselves very well, it's always one sided. Do we say that with DRTV companies that's just the way it is and hope for the best?
Hi Guys, thank you so much for the fantastic info, I do have a few questions which you may not have addressed as yet and would love it if you could possibly make a video on.
I own a business that designs and makes a line of products currently and we are considering making an application to secure the licensing to make a new line of products with a company which owns a world renowned brand and the relevant IP.
They have shown positive interest and asked us to put through a proposal. This is where I would really like advice on how to write that initial proposal, I know my industry backwards but I am completely unaware of the format that I would need to submit this proposal. How might I find out more about going about this? I'm finding limited info online regarding being on the flip side of the coin.
Any help would be most appreciated!
Kind Regards
Bear, we would love to help. This is a unique scenario. You can reach our cofounder Andrew Krauss directly here: www.meetme.so/AndrewKrauss
Learned my lesson from Crowdfunding
What lesson was it ? Did a company steal your idea ? What happened. I am just curious.
@@rayarjomand6533 Yes 2Small companies did, but they messed up my whole concept. They even gained capital while I gained absolutely nothing on indiegogo which is crazy because I created this product and have patents that predate theirs.
Okay so now you have a "Target" company to approach and try to license your creation. My own suggestion is to stay in contact with them and negotiate some kind of Win-Win licensing or partnership with them. If they refuse then you can ask your attorney to sue them for infringement or send several threatening letters that if they don't come to an agreement you will sue them.
@@rayarjomand6533 crowd funding websites can be a big magnet for copy cats looking to steal ideas. You have to make sure you have a properly written PPA, so they can't work around it.
Great video but it's to late since my idea was to make this exact same video. But seriously I sent in 4 ideas back in 2017 to a site called called quarky or something and one is selling at Lowe's and the Snap wire connector set is selling on tv. two that I know of so far
They were good ideas! Keep going.
This man is gonna guide me to being a very RICH MAN.💯🙌🏿🙏🏿👊🏿
I ment, Thankyou so much 😁
If you want to license your idea to a company, should I file a provisional patent before sending the benefits information to the company?
Do you need a drawing of the product on
This article explains the benefit of filing a provisional patent application before contacting potential licensees: www.forbes.com/sites/stephenkey/2018/01/08/dont-file-that-patent-yet-file-a-provisional-patent-application-first
These articles describes what your sell sheet should look like: www.inc.com/stephen-key/how-to-create-a-sell-sheet-that-actually-does-the-selling-for-you.html
www.core77.com/posts/55950/How-to-License-Your-Ideas-For-New-Products-Using-a-Simple-Sell-Sheet
If you haven't read Stephen's book "One Simple Idea," we strongly recommend it! It goes over each of the 10 steps you need to license an idea in great detail: www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676
I would like to know that answer too.
I want to patent something I have already been selling so I think am already in danger of someone stealing my idea. I just ordered your book which I obviously should’ve done prior🙄 what is the first thing I should do? 😩 Do you guys have material covering this kind of situation? Videos? In your book? it’ll absolutely be too late by the time I get through any book. Ahhhhh!!!!!😱
Erica, you gotta calm down! Every inventor thinks their idea is in danger of being stolen. This does not lead to a good outcome. Here are some resources on patents to get you up to speed:
www.forbes.com/sites/stephenkey/2018/01/08/dont-file-that-patent-yet-file-a-provisional-patent-application-first/
www.forbes.com/sites/stephenkey/2018/03/31/how-to-write-a-provisional-patent-application-that-has-value/
www.amazon.com/Sell-Your-Ideas-Without-Patent/dp/1507885733/
Ty sir💪
Thank u
Can a Canadian file a ppa
can referencing other patents in your provisional patent application be a tool against others trying to circumvent said ppa?
I would not recommend it. Please note I am not a patent attorney. Thanks for watching.
@@stephenkey3137 Do you ever use an abstract or summary field in your PPA's?
@@michaelwebsterdesigns7969 in my opinion use provisional patent applications as a selling tool,not a protection tool.www.forbes.com/sites/stephenkey/2018/03/31/how-to-write-a-provisional-patent-application-that-has-value/#558917505270 you might find this information helpful. Also I highly recommend learning to file a provisional patent application yourself. Check out smart IP on our website. It's the best!
There you go. I said it.
Can I do business with a company while having a ppa and not a patent?
Yes. You can license an idea without a patent. We can help. Here's a summary of Stephen's strategy: www.inc.com/stephen-key/how-to-license-an-idea-without-a-patent.html
What about when one year expired patent?
What do you think about Davidson’s?
What company would you recommend to go to for my idea?
If you are looking for help with your invention idea, we recommend checking out our bootcamp coaching and academy programs: www.inventright.com/
Never use Davison. Many law suits with that company.
If you have an ORIGINAL idea (Not on the market) ... How do you search patents for the same idea OR even create a provisional patent when you haven't even thought of a name for yours yet
you rock ty
You did not mention the foreign markets and China has been making copies of other inventions and copyright infringement, shoes, dresses hand bags are common in the market place. My idea is different as I sell off what my invention makes. So I want to keep this a trade secret and reap the profit for many years of being on top of the market. I can do it much more efficient and thus many will be hard to compete. Ideally as I put the lower cost (more efficient) into the market they will go broke and I can sell them short and reap the profits. As all inventions there are new improvements over time. So I do think the efficiency will increase. I do see markets getting super tight and low profit margins in the capitalist systems. Heads will roll and managers must be a wear of the changing ways and market movements. The future belongs to the most efficient society.
A patent is only good if you have "bank" to back it or to litigate. Most companies have a legal team that would tie you up like a pretzel in time, resources and $$$, which most of us don't have, especially $$$.
We do not agree at all with the assertion that a patent is "only" good for litigation. That perspective comes from the legal side of IP. There is also the BUSINESS side of IP. More here: www.forbes.com/sites/stephenkey/2023/11/29/inventions-rarely-become-products-here-are-3-steps-to-beat-the-odds/
I have 3 invention ideas.
Can you just call a company and tell them your idea and then they give you money???
Well, I don’t think that is so simple.
I applied for provisional patent and sent the information to myself thru the Mail, Notarized, then talked to a Co. who told me they have NEVER ripped off a potential inventor. I had they send an NDA, I signed & notarized, sent back. They thought my idea fresh, new and said they never thought of doing anything like my idea. Next thing I know, I was cut out and told my idea was not protectable, and they were not going to sign the NDA. Hmmm. I don't have $$$ to go after them, Now what.? So YES, Do worry you are going to Robbed, You probably will be. William Bissell
William, we can teach you how to protect your ownership of your ideas. Get in touch with us: www.inventright.com/contact
If I made another comment, googlepatents.com is another good resource to research before you start spending money on a patent, The invention that you thought was original might have been patented 30 40 50 or 100 years ago and therefore you can just manufacture it without spending money on attorneys if that’s what you want to do. I’m just trying to share some of my experiences and save others some heartache and some “wallet ache”, take care,
Joe
Yes Joe, searching for patents early on is very important! Thanks for sharing.
Hey do you work with anyone on some good ideas because I can use some help
Bottom line: know your stuff, protect your stuff, be a professional.
Read the article: www.entrepreneur.com/article/324629
So who can we trust?
There's no easy, simple answer for that. You need to kick the tires of anyone you're thinking about working with (meaning Google their name/name of company followed by 'lawsuits' and 'complaints') and trust your gut. Your best bet in terms of defending yourself is education - no one can take away what you learn for yourself. If you're looking for help bringing your product to market, get in touch with us: www.inventright.com/contact
Key point is : If you nailed a revolutionary invention do not ever speak about it and use it for your self only.No troubles and no issues.If God gave you a chance to make it then be even smarter to grow with it without chasing milions for it.Peace is priceless.Find a way to make you grow through starting your own company or through selling it as idea or a project or simply to make it and use it for your self only.Sometimes world is not worth of your invention and your suffering because you made it.
Great video! What would you recommend if a youtube influencer shows your patent pending invention as their design and gives it to China to manufacture? Oh, and then every business in China starts selling it too?
Congratulate yourself for having a great idea.
inventRightTV haha not the answer I was hoping for but thank you. I mean, I can ask them to stop and inform them that they’ll be sued retroactively but should I still continue selling the product? Or the new ones that haven’t been ripped off? I know you’re not here to give advice in the comments portion but I really have a tough time with my patent attorney because he’s in Utah and I’m in San Diego. 🤦♀️ well, when I filed, I didn’t think I would need any help other than filing and doing my thing. Thanks for doing this channel. It’s my new binge!
We might be able to help: www.inventright.com/contact
You da man!
Thank you for watching!
What companies are good? That's what I want to know.
Stephen's new book "Become a Professional Inventor" covers this topic at length: www.inventright.com/pro-inventor
I feel the best way is to have enough mony to do it yourself . and keep the price that cheep that no one will be doing it .......
hi there ...i'm nadia major from Bahamas...need help
Please reach out to us at support@inventright.com
Thank you.
-Stephen
@@inventRight already did ...spoke with Sylvia P
That’s wonderful. Sylvia is awesome!
-Stephen
Hello every one I have an ideea
This UA-cam page is educating and creating millionaires, billionaires, and otherwise SUCCESSFUL people! (Regarding inventions and Intellectual Property)!
Thanks for the kind words. Keep inventing! - Andrew Krauss, inventRight Co-Founder
Do you ripping people's pockets, wallets,bank account?
No that's not us Sanja. I think you are confusing us with invention promotion companies. We coach, guide and mentor inventors to license their products and have been doing so for 22 years. You can check us out on www.inventright.com. - Andrew Krauss, inventRight Co-Founder
@@inventRight How much money you charge, for patent and licensing idea, and for how many years last?
@@inventRight ua-cam.com/video/U3SqBNIowGs/v-deo.html these people are biggest fraudsters scammers crooks crooked business charge 40.000$ for patent application.
👑
Maybe you are the first who ripping off people for money 🤑💰🤑💰