Activity

Hi, Lucy. Licensing proceeds usually involve a fee paid upfront to you through a signed licensing agreement between the parties. These agreements may also include milestone payments that come due as the technology or innovation is commercialized, and/or a royalty fee set at a percentage of the revenue or earnings from the eventual sale of products…[Read more]

Julian explained it really well, I just want to add one more thing known as Industrial design. An industrial design can be a shape, configuration, pattern, ornament or any combination of these features. You can also register your industrial design with your government organization.

Hi, Lucy no problem. Every kind of question is welcome here. Don’t feel shy we are here to help. So, there are multiple ways through which you can save your idea from a scam. You can always go for the patent, trademarks or copyrights.
Basically, through a patent, the government gives you the right to exclude others from making, using or selling y…[Read more]

There is an ironic story that Maxim write to the Times of London about the genesis of the machine gun:

“In 1882 I was in Vienna, where I met an American whom I had known in the States. He said: ‘Hang your
chemistry and electricity! If you want to make a pile of money, invent something that will enable these Europeans to cut each other’s throa…

[Read more]

I am sure this is confusing but I guess this would be a helpful read. This article explains how each one contributed to the invention of the light bulb that we are using today.

https://www.sciencefocus.com/science/who-really-invented-the-light-bulb/

I am sharing my personal experience with you, Theresa. I hope that helps.

Hi, Theresa. Here are a few steps you can take to help prevent theft as you begin to share your ideas with others besides applying for the PPA (as it is already mentioned by Maia above).
• One of the best ways to secure your idea is to only reveal what is absolutely necessary. If you’re pitching an idea to a potential client, give only the det…[Read more]

Hi. The most important is that you should apply for a patent for your product as getting patent for your product take much time you should always apply for PPA (Provisional Patent Application). This always saves you from getting scammed.

Hi, Lucy. It is best to apply PPA and then license your innovation. PPA doesn’t take much time and it gives you one year time period to find a licensee for your innovation and persuade him to pay for your patent as he will be the beneficiary of this invention too. I hope that helps. Good luck!

According to my experience, most of the companies would license the innovation that has patent or PPA. As you want to save your invention, they too want to save it from competitors’ infringement. And the best way is to get PPA for your invention and then license it.