Since we are now in a first to record system instead of first to invent how does the journal differ? Doi inventors still have to sometimes prove that they were the first to invent? With this journal help so that if someone stole your invention if they went and took it and recorded it at the patent office before you did?
It’s useful as evidence in the event there is a dispute as to ownership of the invention between yourself and someone you’re working with on the project such as a company or investor.
Thank you for the information! Quick question, after I write it down on the paper, can I scan it and save it in PDF and save it in the Google Drive? Will that apply to the protection?
Certainly keep a copy as a PDF file. It’s evidence. A paper notebook is excellent evidence and a pdf file/s of copies of that evidence is also good evidence. I think paper notebook is the easiest and possibly the most credible evidence, but do what is most convenient for you. The more convenient the more likely you’ll keep a “paper trail”.
This is a great idea. Though it would seem to me that an app would be more "efficient," the simple process of writing everything down while signing and dating everything on every day that an entry is made would provide a court of law a near-bulletproof record of the entire invention process. Note that this is for a single inventor. If there are multiple inventor partners, each partner inventor should maintain his own journal. 1. Sign and date each time you finish an entry. It may get tedious, but it keeps everything accounted for. 2. Make a note of EVERY receipt and EVERY communication, referencing phone texts, patent pending dates, emails date and To:CC:BCC recipients, purchase and rental receipts. If the reference is hand-generated or contains no timestamp/datestamp, then add your own reference or timestamp/datestamp to the actual reference document and indicate it in your journal. 3. Write down the date/time of every call or text referencing your invention with EVERY party, either partners, lawyers, investors, licensees, or anyone else. Ideally, use the same phone for each contact and use the phone's own timestamps. It even has call lengths which can be helpful. (Note: it is illegal to actually unilaterally record the call for both audio and video, so don't reference any UNLESS both you and the second party agree). 4. The journal entries should be continuous. Any mistakes should be crossed out and initialed. Every page should be numbered on the bottom, and NO page should be torn out. In addition to the journal, keep a small box to house receipts of every transaction involved in the process. In addition, I keep a USB drive where I keep a copy of all images and videos of the invention, using the date-time file naming function on the phone for ease of accessibility. Some courts require corroborative signatures in the journal, so have a trusted non-family member periodically sign the entries. He does not have to understand the content; only that you made the entries themselves. This is what I've done myself. This process is ESPECIALLY important if you plan on licensing the product while under a provisional patent (patent pending), as it gives you near-bulletproof documentation in the case of unsavory lincensees.
Thanks Elias for the info. I wonder if emails exchanged between the inventor and the potential licencee company be considered as evidence of the intellectual property for the favor of the inventor ?
It might be proof that you’re an inventor, but unless a patent is granted, nothing much comes from that. However; there are scenarios where evidence like that can be useful in resolving disputes as to ownership of rights.
I have a hardcover notebook that opens up at the push of a lever top and bottom the three clamps in the middle. Contains the date in the mutation are alterations made of my invention. I'm about to submit a provisional application in the coming weeks to the United States patent office. With a date no words just the transformation into what I'm about to submit in the next few weeks to the patent office. Any feedback? Your video's are informative in smart. Respectfully I can't say that about a lot of other videos out there for inventors so thank you very much💡🎓👍
Hello sir, I have designed a very fast computer algorithm but I don't have enough money to patent it in India...... My friend suggested me for *asking someone to fund me and share my patent with that funder...... Question1: "how should I share my patent"? Question2: "Should I give some fixed amount to him or give percentage wise share"? Question3: "If I don't patent it and contact Google on twitter (it will be like a public announcement), will google stole my algorithm (because I have proof on twitter that I created it)"? Well... I am going through bad phase of my financial condition.......so I have decided to sell my algorithm .....and it would be like a disaster for me if someone stole my hardwork's result! Thank you sir 🙏
Without a patent you don’t have ownership of your invention. Without ownership potential purchasers might not be willing to give you much for your invention. It may be better to transfer ownership of your patent/invention to an incorporated company that is jointly owned with your investor.
@@PatentToronto oh🤔, well sir I am just a college student!.......It will be okay even if I got enough money to patent my other works, as I have many more research works in progress.... By the way,thanks sir....for your valuable thoughts😊
I was in seco d grade when i wanted a wallet. Held my library card, soccer card to traval in southern California for any travel game and a note pad with small pen or pencil. Still do this and keep random pads and paper by counters. Doors, cars, clothes ahead of time This wrks good for messaging self like needs a screw here n date to know n show how lazy i was lol I did a great thing but im a wild child with great looks. Churches tried to get me to settle so i could explain humble gift for ive seen this replay in life many times but the world is hungry for dessert not so much the nutrition plates.
THUMBS DOWN for me... and this is why: It seem overkill to me, or please prove me I'm wrong. On the last 1 000 000 inventions, how many of them got dispute or legal action that a journal would have solved? My guess would be that more than 999 990 inventions out of a millions don't need that. So.. Sure it help, but we are many lightyears away from the Pareto Law (80:20). If you feel that you might be in "risky position" within your organisation, call a meeting and write down a contract about it (instead of taking note for years in case you need to fight).
I understand where you’re coming from; however, the problem of disputes relating to inventorship/ownership are surprisingly commonplace. I have personally seen several such disputes, one of which disrupted operations of a multi-billion dollar company and lead to millions in protracted litigation. It is potentially a real problem in joint venture situations and customer/supplier situations where a customer helps a supplier produce a better product to meet the customer’s needs. It happen less often now precisely because companies are more knowledgeable about maintaining a good paper-trail.
I had a large Australian University try to rip our invention off, literally tried to steal. Definitely would have helped having a journal like this.
Really appreciate your valuable information you give in these videos 👍
Since we are now in a first to record system instead of first to invent how does the journal differ? Doi inventors still have to sometimes prove that they were the first to invent? With this journal help so that if someone stole your invention if they went and took it and recorded it at the patent office before you did?
It’s useful as evidence in the event there is a dispute as to ownership of the invention between yourself and someone you’re working with on the project such as a company or investor.
Thank you for the information! Quick question, after I write it down on the paper, can I scan it and save it in PDF and save it in the Google Drive? Will that apply to the protection?
Certainly keep a copy as a PDF file. It’s evidence. A paper notebook is excellent evidence and a pdf file/s of copies of that evidence is also good evidence. I think paper notebook is the easiest and possibly the most credible evidence, but do what is most convenient for you. The more convenient the more likely you’ll keep a “paper trail”.
This is a great idea. Though it would seem to me that an app would be more "efficient," the simple process of writing everything down while signing and dating everything on every day that an entry is made would provide a court of law a near-bulletproof record of the entire invention process.
Note that this is for a single inventor. If there are multiple inventor partners, each partner inventor should maintain his own journal.
1. Sign and date each time you finish an entry. It may get tedious, but it keeps everything accounted for.
2. Make a note of EVERY receipt and EVERY communication, referencing phone texts, patent pending dates, emails date and To:CC:BCC recipients, purchase and rental receipts. If the reference is hand-generated or contains no timestamp/datestamp, then add your own reference or timestamp/datestamp to the actual reference document and indicate it in your journal.
3. Write down the date/time of every call or text referencing your invention with EVERY party, either partners, lawyers, investors, licensees, or anyone else. Ideally, use the same phone for each contact and use the phone's own timestamps. It even has call lengths which can be helpful. (Note: it is illegal to actually unilaterally record the call for both audio and video, so don't reference any UNLESS both you and the second party agree).
4. The journal entries should be continuous. Any mistakes should be crossed out and initialed. Every page should be numbered on the bottom, and NO page should be torn out.
In addition to the journal, keep a small box to house receipts of every transaction involved in the process. In addition, I keep a USB drive where I keep a copy of all images and videos of the invention, using the date-time file naming function on the phone for ease of accessibility.
Some courts require corroborative signatures in the journal, so have a trusted non-family member periodically sign the entries. He does not have to understand the content; only that you made the entries themselves.
This is what I've done myself. This process is ESPECIALLY important if you plan on licensing the product while under a provisional patent (patent pending), as it gives you near-bulletproof documentation in the case of unsavory lincensees.
Thanks Elias for the info. I wonder if emails exchanged between the inventor and the potential licencee company be considered as evidence of the intellectual property for the favor of the inventor ?
It might be proof that you’re an inventor, but unless a patent is granted, nothing much comes from that. However; there are scenarios where evidence like that can be useful in resolving disputes as to ownership of rights.
I have a hardcover notebook that opens up at the push of a lever top and bottom the three clamps in the middle. Contains the date in the mutation are alterations made of my invention. I'm about to submit a provisional application in the coming weeks to the United States patent office. With a date no words just the transformation into what I'm about to submit in the next few weeks to the patent office.
Any feedback?
Your video's are informative in smart. Respectfully I can't say that about a lot of other videos out there for inventors so thank you very much💡🎓👍
Sounds exciting. Make sure not to tell anyone about your Invention without them signing a non-disclosure agreement (NDA) first.
Well, your notebook have no additional protection over the PPA. It is now 8 months latter, did you file the PPA? How things are going on?
Hello sir, I have designed a very fast computer algorithm but I don't have enough money to patent it in India......
My friend suggested me for *asking someone to fund me and share my patent with that funder......
Question1: "how should I share my patent"?
Question2: "Should I give some fixed amount to him or give percentage wise share"?
Question3: "If I don't patent it and contact Google on twitter (it will be like a public announcement), will google stole my algorithm (because I have proof on twitter that I created it)"?
Well... I am going through bad phase of my financial condition.......so I have decided to sell my algorithm .....and it would be like a disaster for me if someone stole my hardwork's result!
Thank you sir 🙏
Without a patent you don’t have ownership of your invention. Without ownership potential purchasers might not be willing to give you much for your invention. It may be better to transfer ownership of your patent/invention to an incorporated company that is jointly owned with your investor.
@@PatentToronto oh🤔, well sir I am just a college student!.......It will be okay even if I got enough money to patent my other works, as I have many more research works in progress....
By the way,thanks sir....for your valuable thoughts😊
I was in seco d grade when i wanted a wallet. Held my library card, soccer card to traval in southern California for any travel game and a note pad with small pen or pencil.
Still do this and keep random pads and paper by counters. Doors, cars, clothes ahead of time
This wrks good for messaging self like needs a screw here n date to know n show how lazy i was lol
I did a great thing but im a wild child with great looks. Churches tried to get me to settle so i could explain humble gift for ive seen this replay in life many times but the world is hungry for dessert not so much the nutrition plates.
THUMBS DOWN for me... and this is why:
It seem overkill to me, or please prove me I'm wrong.
On the last 1 000 000 inventions, how many of them got dispute or legal action that a journal would have solved?
My guess would be that more than 999 990 inventions out of a millions don't need that.
So.. Sure it help, but we are many lightyears away from the Pareto Law (80:20).
If you feel that you might be in "risky position" within your organisation, call a meeting and write down a contract about it (instead of taking note for years in case you need to fight).
I understand where you’re coming from; however, the problem of disputes relating to inventorship/ownership are surprisingly commonplace. I have personally seen several such disputes, one of which disrupted operations of a multi-billion dollar company and lead to millions in protracted litigation. It is potentially a real problem in joint venture situations and customer/supplier situations where a customer helps a supplier produce a better product to meet the customer’s needs. It happen less often now precisely because companies are more knowledgeable about maintaining a good paper-trail.
Sir, thanks for comming on you tube. I have patent for sale please help me for monetizing. I shall be very thankful to you for this kindness