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Thread: Invention: Next step.

  1. #1
    ^eagle^ is offline
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    Default Invention: Next step.

    Ok I had an Idea and built a working prototype. I have researched patents and found both a similar patent already exists and an actual company that is selling it. I can make it for about half the price and am targeting a new Niche I know will explode in the coming years.

    So far my neighbors think it's a great idea and I will look into seeing how much someone is willing to pay for it.

    1. Because a patent exists already but my product is different in form but not function do I even need a patent?

    2. Forum Has anyone had any experience with these guys? Are they Legit and honest? Or am I giving up too much control?

    3. Should I just wait until I sell a few before I look into patenting?
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  2. #2
    Mike39 is online now
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    I would just get a provisional application
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    Graham Chong is offline
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    A fundamental question we have to ask, which route are you intended to go?
    Licensing?
    Or venturing?

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    yahdmon is offline
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    If you can afford it, start the patenting process. At the minimum, go talk with a patent attorney... then you can start asking question about the hardware and marketing and licensing.

    You might not have anything, ownership-wise at all.

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    vangorilla is offline
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    File a provisional and throw the kitchen sink in it. In other words, include EVERY method or variation in it.
    Approach every manuf that would sell this pdt.
    If there's a demand for the item, you should be able to license it. Let that company handle the IP issues going forward. Chances are they will investigate the IP before they negotiate.

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    Likwid24 is offline
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    Quote Originally Posted by ^eagle^ View Post
    1. Because a patent exists already but my product is different in form but not function do I even need a patent?
    I would check with a patent lawyer to make sure your not infringing on the other product. Yours may be different, but if they had a good lawyer, the patent might be written so broad that your change is protected under it.

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    ^eagle^ is offline
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    Quote Originally Posted by Graham Chong View Post
    A fundamental question we have to ask, which route are you intended to go?
    Licensing?
    Or venturing?
    Right now I just want to get some built to see if there is a market for it. The idea is really simple. The materials are almost free but the labor is intensive which makes it hard to do and not a lot of people would want to do it. But I enjoy hard work and working with my hands so it's not that bad for me. If I can sell a few to neighbors and what not I'll look into patenting it. Honestly I'm not sure I need one. The product is very general. I have a notion to make this into a business. Its something I can do On my own in my spare time so I guess for now it would be a venture.

    If I set up to start mass production at least on a small scale I can look into licensing. I think it could sell in stores. But Until I sell a few on my own I'm not going to make that assumption.
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