how to sell an invention idea
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- Follow up with a phone call a few days later, asking for the contact person. Arrange a meeting with you, your attorney and the interested company to discuss the licensing deal. License your invention idea to the company for a negotiable price and for a negotiable number of years. Hire your attorney to do the negotiating for you to ensure your interests are protected.
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- If you aren’t sure your patented idea can actually be produced, it’s just that: an idea. The other reason most patents never make any money is because inventors and entrepreneurs cannot — for whatever reason — pick up the phone and start contacting the right potential licensees. They may spend years developing a prototype, but won’t dial. You’re not in the game if you’re not making calls.
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Learn How to Sell Your Idea for a TV Show The Idea. The idea starts from you. You're watching TV, driving your car or just puttering around the house when it hits you. It could be a reality show idea, a game show, a sit-com, whatever. Once you have the idea, you need to flesh it out.. This refers to thinking the idea all the way through.
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10 Myths On How To Patent An Idea Or Invention Patent: A patent is granted by the U.S. Patent and Trademark Office of the right to stop others from making, using or selling an invention in the United States for a limited period of time. An idea itself is not patentable; patents are only appropriate for useful things or methods of doing something.
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Brown & Michaels No. The price of the so-called patent monopoly is that you must tell the world how to practice your invention. If you are manufacturing your invention yourself, and its operation depends on something difficult to reverse engineer, you might want to protect it by a trade secret rather than a patent.
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Choosing Whether to License or Manufacture Your Invention Financing your business to market and manufacture your invention. You will usually need far more financing if you start your own business and manufacture and market your invention. Money is required for: producing a prototype. creating tooling or molds. mass-producing the product.
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- The basis of the demand letter appears to be my use of another’s product. A patent owner has the right to exclude others from making, selling, offering to sell, importing or using a patented invention. Thus, you may be liable for infringement due to your use of someone else’s technology.he basis of the demand letter appears to be my use of another’s product. A patent owner has the right to exclude others from making, selling, offering to sell, importing or using a patented invention. Thus, you may be liable for infringement due to your use of someone else’s technology.
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- Save. Many inventors of games (both board games and computer games) have indeed made fortunes from their inventions, though the odds are certainly against it. The first thing you should know is that you cannot patent a mere idea for a game, anymore than you can copyright a mere idea for a novel.(And it's important to understand the difference between a patent, a copyright and a trademark.ile the patent application with the USPTO. You have a couple of options. You can go ahead and file the regular application, which is going to cost a bundle and may take three years to approve. Or you can first file a provisional patent application, which is simpler, faster and much cheaper.
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How to Protect Your Business Idea Without a Patent A provisional patent application protects your idea for up to one year and allows you to label your idea as patent pending.. You can then use the year to gain valuable insight into your idea. Also, consider applying for a trademark, which you can also easily do online.
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- Patent infringement is the act of making, using, selling, or offering to sell a patented invention, or importing into the United States a product covered by a claim of a patent without the permission of the patent owner.he basis of the demand letter appears to be my use of another’s product. A patent owner has the right to exclude others from making, selling, offering to sell, importing or using a patented invention. Thus, you may be liable for infringement due to your use of someone else’s technology.
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- A: InventHelp has a unique system of submitting client inventions in confidence. We do this by submitting your idea to companies that have signed up in the InventHelp® Data Bank and have agreed to review our clients' ideas in confidence. To our knowledge, no other invention company has a similar resource.
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- The owner of a patent has the right to exclude others from making, using, offering for. sale, or selling his or her invention for a period of 20 years from the filing of the patent. application. An invention is any new or useful process, machine, article of manufacture, or composition of matter.
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You Have an Idea for an Invention ... Now What? At this point, you'll have to convince someone to invest in your invention further, in order to pay for manufacturing costs, marketing and distribution before it starts making a profit in the marketplace. Alternatively, you can sell your idea outright and let the new owner worry about the above-mentioned heavy lifting. You can sell directly to a company in the industry that your product serves, or you can even sell to an independent firm that specifically buys inventions. Also, don't forget that you can license your invention.
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Sell Wholesale to Other Retailers Now you’ll have at least two different types of customers: consumers and retailers. The golden rule is: Don’t undercut your retailers. This means that you should always sell your products to your retailers at a lower price than you do to your consumers.So if you sell widgets for $20 on your public facing website (where ordinary consumers make purchases), make sure you sell widgets for $10 to your retailers so they can make a profit.n order to achieve selling volume to increase your revenues, you’re going to probably want to enforce a minimum order rule. This means retailers (wholesale buyers) must buy a minimum amount of product or dollar value when placing an order.
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How to Register New Inventions How to Register New Inventions. Solidify your idea for an invention and write a detailed description of your invention. Add drawings or technical diagrams if possible.This is the first transition of your invention from being an idea to being something tangible.erform a patent search for those terms and then search through the results to see if anyone has already filed a patent on your idea. If not, proceed to the next step. File a patent on your invention. Return to the homepage of the USPTO Web site.
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- (b) Patents. For most inventions, the most important mechanism for protecting an inventor's intellectual property rights will be to obtain a patent. Essentially, a patent protects the underlying inventive concept and records how an invention works (and therefore the idea which underlies the invention). patent can only be granted if the invention is new, i.e. how the invention works is not already public knowledge. This means that if you explain your invention in public before you take steps to register your patent, you will not be able to obtain a valid patent in many countries.
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An Overview of the U.S. Patent Process Once you can do that, or once the patent attorney or patent agent you hire can, you are ready to file a patent application. If you are struggling at the idea phase please see Turning Your Idea into an Invention and Moving from Idea to Patent. The first step in the patent process should really be a patent search. Doing a patent search is the only way to get a realistic idea about whether the invention is likely able to be protected. There is nothing wrong with inventors doing their own preliminary search, and in fact that is very useful task.
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How to Start Licensing Your Art (and Why You Should) If you want to do toys, create some with your work. If you want to sell yourself as a voiceover, create pretend commercials or jingles that you’d do. The idea is to help them envision your work already on their products. This can take a few months to create and put together, but it’s an important part of your ‘sell’.
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Frequently Asked Questions: Patents The patent owner may give permission to, or license, other parties to use the invention on mutually agreed terms. The owner may also sell the right to the invention to someone else, who will then become the new owner of the patent. Once a patent expires, the protection ends, and an invention enters the public domain; that is, anyone can commercially exploit the invention without infringing the patent.
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Getting Your Invention to Market: Licensing vs. Manufacturing Hiring someone, such as an attorney or licensing specialist to engage in invention marketing activities can get quite expensive unless they work on percentage basis, also known as a contingency. It is very difficult to find reputable people who will work on a percentage basis.
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Can I patent an idea for free? The cost of an agent can vary depending on the complexity of the invention. The patenting process can be complicated but a necessity to secure your business future. If you can obtain a patent it is the preferred method for securing your idea but other forms of intellectual property protection may be available.
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- 1 Maybe you make clothes and you can show how to make great outfits using your product, or how to modify and personalize your product. 2  Maybe you make a food product and you can show recipes that make use of your product.erfect your product for the market. Once you have some feedback about your product and more information about your target market, make any changes that seem appropriate to perfect it for your market.
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- Part 1. Conducting Research. 1. Understand what inventions or ideas are eligible for a patent. You can patent your idea if it's a process, a machine, an article of manufacture, a composition of matter, or an improvement of any of these. Abstract ideas, natural phenomenon, and inventions deemed not useful are ineligible for patents.
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Frequently Asked Questions: Patents A patent is an exclusive right granted for an invention. In other words, a patent is an exclusive right to a product or a process that generally provides a new way of doing something, or offers a new technical solution to a problem. To get a patent, technical information about the invention must be disclosed to the public in a patent application. The patent owner may give permission to, or license, other parties to use the invention on mutually agreed terms. The owner may also sell the right to the invention to someone else, who will then become the new owner of the patent.
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Frequently Asked Questions About Patents A patent novelty search for a mechanical invention costs $475. This price is for mechanical inventions of average complexity. Other types of patent searches are available, see our Patent Search Types & Prices page for more information. The hourly patent search rates: $100 an hour (currency is U.S. dollars).
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Invention & Product Submission When you are ready to submit click the button on the bottom of the submission form make sure you click on the 'Agree With Terms and Conditions' box so that your invention is submitted properly. It will not send without that step being complete.