Man, I have to say that you've done a hell of a job! These videos and the course you have are just beyond useful and informative... I would like to ask you: If you have a provisional patent, would that eliminate the necessary need for an NDA? And will just depend on the provisional? Or maybe provisional + the email agreement you mentioned? And how about recording every single call with them... that would be powerful evidence in case they stole the idea... right? Finally, I wanna thank you for your amazing job, and I've just subscribed and am looking forward to your next upcoming videos!
Yes! Building a good paper trail is a great way to reinforce your rights. The provisional application is necessary to secure your rights, but together with a NDA, you have as much protection as is legally possible.
@PatentToronto thanks for responding. I mean, in case they didn't agree to sign an NDA, recording every single call is powerful since any stupid move from them will lead to publishing everything online, and then later they lose reputation... which I think is far worse than a lawsuit.
What if the person who signed the NDA leaked the information to someone else and registered it as a patent? Or the company that signed the contract established a new company and registered the idea as a patent in its name. Thanks for the nice video ❤
You can sue for breach of contract if they violated the terms of the agreement. If they also file a patent application, then you can sue for ownership of the application or patent.
It’s evidence, but it’s not foolproof. Also, it helps you record when events happened, who you met with and when, and other important details. Judges tend to be impressed by that sort of evidence and they’re usually smart enough to spot a fake.
I have an brilliant idea can I come to you for help on getting me started and taking the right steps if so I would really be a student and would like to learn!!
I’m retired and don’t provide services directly to clients; however, I am releasing courses on subjects like preparing provisional applications and reaching out to potential buyers. Stay tuned for additional information.
What is your advice for people with smaller inventions? I have a number of ideas and even prototypes that may be worth hundreds of thousands or a few million in REVENUE if they could reach the right markets. The profits could be significant to myself, but Companies seem to only be searching for products worth millions in PROFITS. If an idea isn't big enough to start an entire company around, and I can't get an established company to buy it... is it just a worthless idea?
Apple computers was started by Steve Jobs and Steve Wozniak out of a garage where they hand manufactured and sold a single board computer (Apple 1 computer) into a tiny market. The market for personal computers was minuscule at the time, but grew quickly. They could not license the product at the time because the market was too small, so they had to do it themselves. Sometimes, you have to do it yourself and become a manufacturer.
True - the point is, at the time, they decided to become manufacturers because they couldn’t sell their idea any other way. Many inventions are very difficult to license or sell to a company because the market is perceived to be too small or insufficiently profitable, in which case the only option might be to go into production yourself.
Like you, I was highly discouraged to find info like this video duplicated in every book I read and began to think my ideas just collect dust in a notebook. But then I watched a family member's new company follow this advice to the letter. They spent 5 years and over $200k on attorneys and filing charges. They got a patent license with the USPTO and WIPO after about 5 years of hard work. They contacted many companies before the patent was awarded and shared video of the prototype in action and major brands were interested. Once they had a patent license, they took it to the major snow sport company that had been very interested, but they turned them down. Every company did, in fact, citing the 15 years of exclusivity, rather than the standard 20 as the reason. Not one book or attorney mentioned this can happen, but I'll bet it occurs more often than outright patent theft. I realize now that the patent system is extremely hostile towards individuals in favor of huge corporations with entire R&D departments and patent portfolios. Perfect proof is the change to 'first to file' which awards patent rights to the first person with the money to file, even if they are 'sniping' someone else's ideas. I'm not a legal expert, but you might take a look at InventRightTV (I'm not a customer, but I'm looking for an alternative like you) . Maybe something like that would work better for you. They advise against filing a patent before licensing, as well as 'lawyering up' before a company agrees to license something. They claim it's the common advise because everyone giving it is a patent attorney who wants to be hired. They say theft is almost unheard of. So it could be that 'several cases' like he mentions in the beginning means several in his whole career, because actual theft is extremely rare. Like 1 out of millions of licensing/NDA deals.
What a great video!! Thanx! Your awesome!
Wow, you are amazing. If i have trouble in the future i contact you.
Very good video Elias!
Thank you.
Excellent videos. Thank you. A suggestion: could you please explain patent brokerage?
Man, I have to say that you've done a hell of a job!
These videos and the course you have are just beyond useful and informative...
I would like to ask you:
If you have a provisional patent, would that eliminate the necessary need for an NDA? And will just depend on the provisional?
Or maybe provisional + the email agreement you mentioned?
And how about recording every single call with them... that would be powerful evidence in case they stole the idea... right?
Finally, I wanna thank you for your amazing job, and I've just subscribed and am looking forward to your next upcoming videos!
Yes! Building a good paper trail is a great way to reinforce your rights. The provisional application is necessary to secure your rights, but together with a NDA, you have as much protection as is legally possible.
@PatentToronto thanks for responding.
I mean, in case they didn't agree to sign an NDA, recording every single call is powerful since any stupid move from them will lead to publishing everything online, and then later they lose reputation... which I think is far worse than a lawsuit.
Great throughout info and well made 👍 🙏🏼
Thank you!
Thanks for all the info, it's a big help to inventors. 👍.
Glad to help
Great advice, thanks. Do you have any examples of products you have successfully helped to market?
What if the person who signed the NDA leaked the information to someone else and registered it as a patent?
Or the company that signed the contract established a new company and registered the idea as a patent in its name.
Thanks for the nice video ❤
You can sue for breach of contract if they violated the terms of the agreement. If they also file a patent application, then you can sue for ownership of the application or patent.
How can a journal be evidence if you can just invented any date in the pages ? How do they know if a wrote that a year ago or yesterday ?
It’s evidence, but it’s not foolproof. Also, it helps you record when events happened, who you met with and when, and other important details. Judges tend to be impressed by that sort of evidence and they’re usually smart enough to spot a fake.
I have an brilliant idea can I come to you for help on getting me started and taking the right steps if so I would really be a student and would like to learn!!
I’m retired and don’t provide services directly to clients; however, I am releasing courses on subjects like preparing provisional applications and reaching out to potential buyers. Stay tuned for additional information.
I have some innovation and I need your help to find companies to buy them
I will create a video on finding potential buyers. In the meantime, make sure you protect your invention/innovation as best you can.
Thank you so much boss😍
What is your advice for people with smaller inventions?
I have a number of ideas and even prototypes that may be worth hundreds of thousands or a few million in REVENUE if they could reach the right markets. The profits could be significant to myself, but Companies seem to only be searching for products worth millions in PROFITS.
If an idea isn't big enough to start an entire company around, and I can't get an established company to buy it... is it just a worthless idea?
Apple computers was started by Steve Jobs and Steve Wozniak out of a garage where they hand manufactured and sold a single board computer (Apple 1 computer) into a tiny market. The market for personal computers was minuscule at the time, but grew quickly. They could not license the product at the time because the market was too small, so they had to do it themselves. Sometimes, you have to do it yourself and become a manufacturer.
@@PatentToronto Apple was founded 48years ago
True - the point is, at the time, they decided to become manufacturers because they couldn’t sell their idea any other way. Many inventions are very difficult to license or sell to a company because the market is perceived to be too small or insufficiently profitable, in which case the only option might be to go into production yourself.
Like you, I was highly discouraged to find info like this video duplicated in every book I read and began to think my ideas just collect dust in a notebook. But then I watched a family member's new company follow this advice to the letter. They spent 5 years and over $200k on attorneys and filing charges. They got a patent license with the USPTO and WIPO after about 5 years of hard work. They contacted many companies before the patent was awarded and shared video of the prototype in action and major brands were interested. Once they had a patent license, they took it to the major snow sport company that had been very interested, but they turned them down. Every company did, in fact, citing the 15 years of exclusivity, rather than the standard 20 as the reason. Not one book or attorney mentioned this can happen, but I'll bet it occurs more often than outright patent theft. I realize now that the patent system is extremely hostile towards individuals in favor of huge corporations with entire R&D departments and patent portfolios. Perfect proof is the change to 'first to file' which awards patent rights to the first person with the money to file, even if they are 'sniping' someone else's ideas.
I'm not a legal expert, but you might take a look at InventRightTV (I'm not a customer, but I'm looking for an alternative like you) . Maybe something like that would work better for you. They advise against filing a patent before licensing, as well as 'lawyering up' before a company agrees to license something. They claim it's the common advise because everyone giving it is a patent attorney who wants to be hired. They say theft is almost unheard of. So it could be that 'several cases' like he mentions in the beginning means several in his whole career, because actual theft is extremely rare. Like 1 out of millions of licensing/NDA deals.
You still are?