Category: Licensing
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What Money Do You Spend First
What Money Do You Spend First I’ve been getting a lot of questions lately about what the first steps should be for an inventor and what money needs to be spent on initially. Inventing is not easy, and it is not free. Coming up with your idea may be free, but I can’t sell an…
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When to Use an NDA and when is it Overkill
When to Use an NDA and when is it Overkill When do you need to use an NDA? Well first off, an NDA is a non-disclosure agreement. It means that anyone you speak with about your invention is legally bound to keep it to themselves. You will need to have a template available to…
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What kind of documentation do Inventors Need
What kind of documentation do Inventors Need There are a couple documents that any inventor working on getting an idea to market need as they will be working with service providers. Protecting your intellectual property is critical to success. The first one is a non-discloser/non-compete (NDA/NC). I do a video specific to this topic…
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Be Careful of the Attorney You Pick
So how do you pick a patent attorney? Over the past 20 years, I’ve dealt with a significant number of attorneys. I’m even married to one. He’s taught me a great deal about working with them and how to filter out the good ones. First of all, you need a registered patent attorney. Attorneys…
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Inventor’s Galaxy Guide
Inventor’s Galaxy Guide We’re going to try and focus on some of the basic early steps in the mind to market process with the
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Too Good To Be True
We’ve all heard this before is just above every aspect of life. And in the inventing process, it is absolutely TRUE as well! Listen to
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Filing Your Own Patent (Pro Se)
Filing your own patent (Pro Se) is one of the worst mistakes I see as a licensing agent. It will lead to many avoidable problems
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“Me Do My Own Self” – Take Your Idea To The Marketplace
Are you hoping to take your idea to the marketplace? It is amazing how many inventors tell me they can do everything themselves because they think it is a way to earn/keep more of the money. The reality is no one can do it all! In fact, inventors who live in this state of fantasy,…
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Making the Licensing Deal!
In my last blog post, I said that the patent is not the most important part of trying to get a new product to market; so when is the patent important? The patent is critical when you need to negotiate your licensing deal. No patent-No negotiations. Your patent is the only thing that allows you…
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Inventor Warning: Caution is the Keyword in Dealing with IPHC’s
I recently had a call from a patent attorney who wanted me to introduce him to my clients so that he could offer to buy their intellectual property from them. He has, what is called, an “Intellectual Property Holding Company” or “IPHC”. IPHC’s come in essentially three different flavors. The first category consists of those…
