How much does a PATENT COST?
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- Опубліковано 15 вер 2024
- Learn how to make money from your ideas.
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Hi, this is Stephen Key and Andrew Krauss. We are here to help you make money from your ideas. We started our company inventRight over two decades ago to teach people how to license (aka rent) their ideas to companies in exchange for royalties.
This process is called “product licensing.”
On our channel, we show you exactly how you to take an idea and license it to companies in exchange for passive income.
Today, you do not have to start a business to make money from an idea.
With product licensing, you don’t have to write a business plan, raise money, manufacture, market, sell, or distribute any longer.
Visit our website inventRight.com for more information.
If you have a product idea and need some help, please contact us at:
Phone: +1 (650) 793-1477
Toll Free: +1 (800) 701-7993
Email: support@inventright.com
Email us:
stephen@inventright.com
andrew@inventright.com
Learn how to start a business, how to become an entrepreneur, how to protect intellectual property, how to patent an invention, how to stop people from stealing your ideas, how to prototype an idea, how to contact companies looking for ideas, how to design a product, how to make a sell sheet, how to make a promo video, how to negotiate a licensing agreement, how to get a higher royalty rate, how to do market research, and how to work with inventRight.
Stephen Key and Andrew Krauss are the cofounders of inventRight, a coaching program for entrepreneurs that has helped people from more than 65 countries license their ideas for new products. They are also the cofounders of Inventors Groups of America, an organization that hosts a free, popular monthly educational meeting for inventors online. They have more than 20 years of experience guiding people to become successful entrepreneurs.
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inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.
Reference on this video to any specific commercial products, process, service, manufacturer, company, or trademark does not constitute its endorsement or recommendation by inventRight, LLC or its hosts. This video may contain links to external websites that are not provided or maintained by or in any way affiliated with inventRight, LLC. Please note that the inventRight LLC. does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
I have an idea for an invention that will sell out fast. You know the O Cedar mop and bucket with the spinner you step on to wring out the mop? We need a manual washing machine that works like that. If there is a cyber attack or major black out, how will we wash our clothes? And think of all the tiny homes that want to live off grid? I know this idea is a winner. We really only need the strainer/spinner device to fit over a bath tub and the bath tub can be the basin for the washing machine. You run the water, add detergent, soak the clothes than agitate the clothes with the spinner. There should be a way to raise or lower the spinner whether you need an agitator or strain to shake off the water. The, you can either run the shower over the clothes to rinse them or a water hose but then they will need to be spun again to throw off the excess water untill all the detergent and dirt have been rinsed out. I bet this will get your clothes leaner than an electric machine
Sounds great. Keep watching and work on licensing it. - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )
Great summary thank you Stephen! How long does it take to get PPA approved, once submitted, so you can go to market?
Doesn’t take long. You can either mail it in or electronically
Send it. 2 to 3 weeks max.
This is really helpful, thank you. You've spoken previously about having companies pay for your patent application once they're licensing your product. Is that something you'd agree upon as a term in the contract or is that something you would negotiate as a mutually beneficial thing afterward?
Hello Jacob. Thank you for asking this question negotiating the cost of the patent is done during negotiations. This is a big ask so you don’t do it at the very beginning,there is a process, a sequence to get this done. All of my 20 patents we’re negotiated in the licensing agreement. I didn’t pay for any of them.
This is a special skill. I would never do this alone if you haven’t done it before many times. Please subscribe if you haven’t already. Thank you.
-Stephen
@@inventRight Thank you Stephen, that sounds like great advice.
I certainly have and have been steadily digesting all the info you kindly share! Really glad I found your channel and really appreciate your encouraging attitude!
Seeing my product on the store shelves has empowered me. It’s what motivates me each and every day. It’s the most amazing feeling. I want everyone to feel this.
great video, thank you !
Thank you for watching!
Right on ! Thank you !
You're welcome!Thank you!
Hello, could you tell me how do i check if there is an existing provisional patton or non provisional patton for an idea for a product that i have. thank you so much..
You need to do a prior art search.
Thanks
Thanks for watching!
great!
You are the man this info was nice and clear.
Hi Steven, do you have a video that goes through making a patent form, diagrams, text etc that goes into one? Or a video that shows you going through one as an example? Cheers
No, I don’t. If you want to learn this yourself I highly recommend you purchase our software. It’s $99. It’s called smart IP. It’s priceless. Does not include the filing fee at the US PTO.
-Stephen
@@inventRight awesome, is it universal, I'm from the UK, as I'm sure you know we don't do the provisional patent
Most people around the world file their intellectual property/provisional patent application in the US. Later they can designate other countries.
Please note, I’m not a patent attorney and I’m not giving you legal advice. We have amazing members in the UK. A good friend of mine. I had recently landed a deal with Hasbro. You can see it now selling around the world. If you’re on LinkedIn, you can see my post. We’re going to interview him for our channel soon!
Once again, thanks for watching. Please subscribe if you haven’t already. Trying to hit 70,000 subscribers.
-Stephen
@@inventRight bless you, thank you Stephen
No problem.
Who solo patent practitioner that is
Всем привет
This is what I got out of this video. Nothing really. With all due respect all you did is repeat yourself gave prices that range from 0 to 25.000 with no how to at all and tried to sell your own product or kit as you called it. This video could have been much better not a waste of people's time already struggling to understand a system that seems to be so discouraging and complex. Over all thank you for trying.
Thank you for watching.
All I got from the video was screw the patent and just go all in and hope for the best.
Halfway through the video till you mention numbers, and even then it's vague
Thank you for watching!
Hi,
U need attractive thumbnail designer?
Great love to see your work. What is your website?
@@inventRight contact info please.. 🙏
Please reach out to support@inventright.com
A patent costs too much unless someone else pays for it.
I would have to agree. Thanks Jim!
Stephen, do you think a service like LegalZoom would have been suffice to file a patent, like your drug facts twist bottle?
In my opinion, absolutely not.
@inventRightTV thank you so much! i have a fully functional demo somewhat in that realm that the market wants (different industry). i have a big investor who offered a blank check to fund my innovation, but he's a total shark & i want to protect myself the most i can before i have him apart of my LLC. i'm in Los Angeles & i'm very poor, i funded everything myself up to this point with my own two hands.. could you recommend a patent attorney? thank you for your Channel, i just discovered you a few weeks ago & am diving in as much as i can. thank you ✌️
Why do you need a patent attorney? That’s probably the last person you need.