What about the half a million dollars needed for legal defense AFTER receiving a patent when it is challenged at the USPTO's Patent Trial & Appeal Board (PTAB)??? Who will foot that bill Pro Bono? Anyone??? The America Invents Act of 2011 also created this problem. If you don't have this money, you should think twice before you share your invention with the public in pursuit of a patent. Because if someone wants to steal your patent, all they have to do is challenge it at the PTAB, and then you are on your own, and the cards are stacked against you. Here's why: 1. Per the 2017 AIPLA Report on the Economic Survey, the average cost for a patent owner to undergo a patent challenge through appeal is $451,000. 2. A patent only gives its owner the right to exclude others from using her invention; it does not give her the right to produce anything. Thus, there is no guarantee of any income as a result of receiving a patent. 3. Claims for patent challenges instituted at the PTAB are invalidated at an alarming rate of 84% (you only have 16% chance of success). 4.There is no monetary reward if you survive a patent challenge at the PTAB. Therefore, no attorney or investor is going to agree to help you via a contingency fee arrangement. This cost is on the inventor's dime. This is all because Big Tech reached the top and lobbied Congress to pull up the ladder, and as a result, Congress changed the patent law in favor of big business with the 2011 America Invents Act. Inventors are now feeling the consequences. If you want change, go to usinventor.org and join the growing movement to restore patent rights for inventors.
@@musicengineer08 you don't need a prototype. It just has to be something you can describe well enough for someone to go out and make it. A prototype is actually easier than a detailed description though which is why it's opted for.
I think it’s bullshit the prior art excuse my language, but how do you know if something is going to work if you don’t make it a working model of it I mean I’m just supposed to go out there and put somebody on something that don’t work my ideas been being worked on for at least three years privately in my family I don’t know I might not be too smart, but this doesn’t sound right I’m not trying to be a downer I just how do you take something to market in 12 months
This is so needed but not known!!!! #ThankYou
could you please write the links on the video?
What about the half a million dollars needed for legal defense AFTER receiving a patent when it is challenged at the USPTO's Patent Trial & Appeal Board (PTAB)??? Who will foot that bill Pro Bono? Anyone??? The America Invents Act of 2011 also created this problem.
If you don't have this money, you should think twice before you share your invention with the public in pursuit of a patent. Because if someone wants to steal your patent, all they have to do is challenge it at the PTAB, and then you are on your own, and the cards are stacked against you.
Here's why:
1. Per the 2017 AIPLA Report on the Economic Survey, the average cost for a patent owner to undergo a patent challenge through appeal is $451,000.
2. A patent only gives its owner the right to exclude others from using her invention; it does not give her the right to produce anything. Thus, there is no guarantee of any income as a result of receiving a patent.
3. Claims for patent challenges instituted at the PTAB are invalidated at an alarming rate of 84% (you only have 16% chance of success).
4.There is no monetary reward if you survive a patent challenge at the PTAB.
Therefore, no attorney or investor is going to agree to help you via a contingency fee arrangement. This cost is on the inventor's dime.
This is all because Big Tech reached the top and lobbied Congress to pull up the ladder, and as a result, Congress changed the patent law in favor of big business with the 2011 America Invents Act. Inventors are now feeling the consequences.
If you want change, go to usinventor.org and join the growing movement to restore patent rights for inventors.
Thank you for this information.
What if a person has a great invention idea? they do not qualify?
U need a prototype
She specifically said no. You have to put in some actual work.
@@musicengineer08 you don't need a prototype. It just has to be something you can describe well enough for someone to go out and make it. A prototype is actually easier than a detailed description though which is why it's opted for.
I think it’s bullshit the prior art excuse my language, but how do you know if something is going to work if you don’t make it a working model of it I mean I’m just supposed to go out there and put somebody on something that don’t work my ideas been being worked on for at least three years privately in my family I don’t know I might not be too smart, but this doesn’t sound right I’m not trying to be a downer I just how do you take something to market in 12 months
Beautiful