10 Tips for Inventors

Updated on : 2020-Dec-06 17:27:13 | Author :

You don't have to be Alexander Graham Bell or Benjamin Franklin to call yourself an investor. Today, anyone with a brilliant idea and some perseverance will invent a tremendous product or life-saving tool. The question is, what should you do once you produce a first-rate invention. Get a patent?

 

Tips and Strategies for your Invention

 

1.When brilliance strikes and you come up with a great idea, create a record of the invention before going any further with it. The record of the invention should be written in ink and should include:

• a clear description of the concept,

• the date,

• your signature, and

• the signatures of two people you trust who have "witnessed and understood" your invention and also the dates they sign.

 

1.Build a prototype as soon as you can to transform the idea into a physical object.

 

1.Be discreet. Do not talk about your invention with people who are not certain by a confidentiality agreement.

 

1.Keep good, complete, and accurate written records, including:

 

• A written lab book or log, kept up to date as you work on your invention, that documents each day you did           something, describe the efforts you have made in taking your invention from plan to reality (including check results, experiments, modifications).

Note: Have two witnesses sign and date your fact stating that they need "witnessed and understood" the work you have done to build and test your invention.

 

• Copies of all correspondence (including e-mails!) and any receipts concerning your invention.

 

1.don't do too much work on your invention till you get a good plan of whether it'll sell well.

 

•  A suggested rule of thumb to determine whether your invention can sell well is that the total sales will be a minimum of twenty times the cost of inventing and patenting it.

 

• Include in your price calculation the cost of filing fees, hiring a lawyer to assist with your patent filing, and the person who prepares the drawings of your creation.

 

1. Assess whether you will be able to get a patent on your invention. Answer the following questions:

• Is your invention novel?

• What is the previous art?

• If you are upon something that has already been patented, is your invention a brand new physical feature, a combination of previous separate features, or new use of a prior feature?

• If you are improving one thing that has already been patented, is your invention not obvious?

• Does your invention manufacture a new and unexpected result?

 

1. Do a patent search.

 

1.Keep a file for your invention that contains items and information you and your lawyer can want while you prepare your patent application.

 

1.Start exploring and thinking about how you will market your invention.

 

1.Work with an experienced lawyer who is licensed by the Patent and Trademark Office and does patent work for a living.

 

Get Help from a Legal Professional

 

As an investor, you would likely rather spend it slow perfecting your new invention or plan. Leave the legal hassles to a skilled business and commercial law attorney who specializes in makes a specialty of patent law. A lawyer in your space can help make sure you file the correct forms and work with the Patent and Trademark Office on your behalf.

 

 

Additional Resources

 

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