When it comes to capitalizing on your invention ideas, having ownership of these ideas makes a big difference. You will never benefit from your invention just by dreaming it, first, you need to have all the documentation that proves that you were first to conceptualize your idea.
If it has been proven that you have conceived an idea that belongs to you and is worth pursuing, there are some specific steps you can take to help secure legal ownership of these ideas. These steps are:
A patent gives the inventor full legal rights over their idea. This means they are free to use it in any way they want, including commercial ventures. Once your invention is protected by a patent, an individual who is not the original inventor, or his or her heirs cannot make use of the idea or the product associated with it.
If an individual’s rights to an idea are revoked, it is necessary to seek legal recourse to re-ignite the right to the use of the product or the idea. Pursuing invention ideas through USPTO. There are designated patent offices that will allow non-inventors to file for protection.
However, only those individuals that can establish that they are the original inventors can file for a patent application. Once, the inventor or his or her legal representative secures protection from the USPTO, then an application can proceed to the patent office for processing.
The key to securing invention ideas is to identify relevant resources before submitting a patent application. If a person has the intention of filing for a patent, they should research relevant books, periodicals, websites, and courses that pertain to the invention being patented. If you’re an inventor yourself, this tool will most certainly never fail in helping with your inventions.
There are also resources available online that focus on patent searches and patent analysis. Identifying a qualified patent examiner. While the USPTO provides resources for identifying ideas, it will still be necessary for an individual or business professional to hire an examiner.
Once an invention idea has been identified, it will be necessary to decide whether to file for a patent with the USPTO or to pursue a private patent search. A qualified patent examiner will determine if there are specific issues that require further analysis before deciding whether or not a patent should be filed.
After identifying relevant resources, an inventor must create a written plan detailing the process of development of the invention idea. This plan will include a description of the invention, an abstract, a specification, a design, and a statement of purpose.
The plan should also include a marketing plan including the time, venue, and method of communication used to solicit invention ideas. Selling the idea. Once an inventor has completed his or her research and investigation, it is time to determine how to make money from the invention.
There are several ways to make money from new invention ideas; however, each path has its pros and cons. Typically, selling an idea will allow an inventor to receive a cashier’s check for the amount of the fee that he or she will be paid for bringing the invention into the public domain.
However, some inventions do better than others and will require a significant investment from the inventor in the equipment or time to successfully make money from their invention. One way to bring new invention ideas to market quickly is to develop and manufacture a working model.
If the company or individual can demonstrate that the prototype is capable of doing what it claims to do, then they can patent the product. However, if the company must spend significant funds to develop and manufacture a working model, then they will not be able to patent the product but may be able to limit the scope of the invention.