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On July 31, 1790, Samuel Hopkins was issued the primary patent for a course of of creating potash, an ingredient utilized in fertilizer. President George Washington signed the patent.
Since that day greater than 6 million patents have been issued.
I noticed some potash/fertilizer the opposite day I have to let you know about. I do not watch a lot TV, however I do benefit from the present Shark Tank. For me, it seems like loads of enjoyable to be on the panel. I’ve large respect for anybody who makes sufficient of a hit of her or him self to be able to speculate. That is what each entrepreneur works in the direction of… that freedom and people selections.
That mentioned, I noticed some recommendation from “Shark” investor Barbara Corcoran the opposite day which made me cringe and I wished to place this on the market as an addendum to her recommendation. You see, Barbara shouldn’t be on this planet of software program. She offers with actual property and merchandise. In an interview with inc.com she mentioned the next on the most important errors small companies make:
“Pissing away cash on patents and PR. The suitable dance steps are:
1) Make the product
2) Get some gross sales
3) Make the large guys envy you, and solely then get a patent.”
On the finish of the article, I’ve linked to that quote (largely so you do not go away)
I cringed once I obtained to #3 as a result of this recommendation may actually put some know-how entrepreneurs in a really dangerous place. #1 and #2 are good!
Here’s what I’ve discovered going by the method of patenting a number of items of know-how:
1) You MUST get a patent lawyer. No, you can not do that your self. No, your spouse’s good friend who’s an lawyer can’t determine it out. Patent attorneys are extremely specialised. Save up the cash and discover a patent lawyer.
2) Not any patent lawyer will do. Most of them are as nugatory because the day is lengthy on the subject of know-how or software program patents, however they are going to take your cash anyway. Discover a patent lawyer who makes a speciality of know-how/software program. Should you want a suggestion, contact me.
3) Patent attorneys are Federally licensed. If you’re in Florida, you do not have to see a Florida lawyer (which is exclusive).
4) Be ready to put in writing! Should you suppose it is as simple as bringing your thought to an lawyer and having her or him write all the pieces up, suppose once more. No fewer than 10 pages of technical documentation, drawings and pictures have been submitted for any of the patents I utilized for. Should you carry your lawyer rubbish, he’ll both produce a subpar patent or cost you a fortune… possibly each.
5) Use the patent lawyer’s artists. The drawings could seem simplistic and so they price an additional $100 or so per picture, however that is one other factor you shouldn’t attempt to do your self except you want rejection and wasted time.
6) Write your patent as broadly as you’ll be able to. Your patent can and can get rejected and that is OK. Go for greater than you want… go massive! You’ll be able to scale the patent again and hone in in your closing patentable piece primarily based on suggestions from america Patent and Trademark Workplace (USPTO). You’ll be able to’t add to parts later in the event that they weren’t there once you began. Wish to enhance your odds of a patent? Go for a LOT and modify as you get suggestions.
7) You MUST have your patent thought SUBMITTED BEFORE you go to market. That is the place Barbara’s recommendation could be very harmful. On the planet of software program, you can not patent one thing that’s being utilized by the general public. As soon as it is out, it is “public Domain” except you will have submitted your provisional patent.
8) Patent legal guidelines change day by day primarily based on court docket circumstances. Many individuals (together with Mark Cuban) suppose the flexibility to patent know-how is dangerous to the evolution of know-how. It’s totally attainable you get rejected.
9) You will get a provisional patent, or a non provisional patent. The definition of the provisional patent is the next: Underneath United States patent law, a provisional utility is a authorized doc filed in america Patent and Trademark Workplace (USPTO), that establishes an early submitting date, however doesn’t mature into an issued patent except the applicant recordsdata an everyday non-provisional patent utility inside one yr.
Briefly, a non-provisional is a “actual patent.”
10) Getting a provisional patent in place is cheaper {that a} non-provisional patent. It features a patent search and assures your home in line. You’ll be able to launch your product when you will have your date in your provisional patent.
11) A non-provisional patent can take as much as 5 years to get authorised or rejected.
12) Most software program patents are rejected as a result of they don’t seem to be mechanical or they do not have a proprietary algorithm.
13) It’s completely attainable you might be issued a patent after which lose in court docket if somebody infringes in your patent. Having a patent and with the ability to implement that patent are two fully separate issues.
14) Once you submit your patent, you might be instructing the world find out how to do what it’s you “invented,” settle for that this has drawbacks as properly.
15) To use for a US patent can price upwards to $20,000.
16) Upon getting your US patent issued, you will have 1 yr of safety/time to file for any particular person international locations you want to be protected in. The “Patent Cooperation Treaty” has 148 international locations, which might be seen right here http://www.wipo.int/treaties/en/ShowResults.jsp?treaty_id=6
17) Every nation you apply for a patent in can have its personal submitting charge. Nothing is free on this planet of IP.
18) If you’re fortunate sufficient to be granted a patent, that patent is granted for a interval of 20 years… holding in thoughts “granted” doesn’t imply “protected.”
19) The large corporations (Apple/Google) have departments which do nothing however file patents all yr lengthy. As all the time, the little man is at a definite drawback. Barbara is true that getting on the larger corporations radar could also be a great factor however not in each occasion. Huge corporations squash little corporations on a regular basis prefer it’s a sport.
20) You’ll be able to decide to have your patent revealed or unpublished within the patent journal distributed worldwide. There are execs (publicity) to being revealed, and cons (possibly being ripped off?) by selecting to publish. That is a selection it’s a must to make.
So there you will have it… what my expertise with software program patents has taught me. Barbara was not speaking know-how when she was quoted about patents, so watch out whom you take heed to on this topic… it may price you massive in case your thought is nice sufficient.
