https://blogs.iu.edu/iutech/2018/02/19/patent-your-idea-before-someone-else-does/ You may have an idea that could help you Begin a company, perhaps make you a bit of cash, or change the entire world. Each and every single day, people like you have managed to take their thoughts and make them into products that have earned them a considerable quantity of money, addressed a need, and also changed the way people live. For People Who have ideas that provide Potential, the first step that is suggested is that you file for a patent once you have developed out the concept. Unfortunately, a lot of people overlook this step of protecting their ideas with patents until it's too late. In so many situations, those that had ideas with actual market potential neglected to patent them properly that resulted in losing a possible gold mine of earnings. Why is patenting your idea so important? Why should you move quickly to secure your idea in the first phases before you fully understand it's potential? You can find good answers to these questions and more when you understand why patent protection is so important. Protection First and foremost, your idea or innovation Needs to be protected so that it's not stolen or duplicated by someone else who managed to file for a patent first. There have been millions of instances in which folks developed a fantastic idea or invention, only not to file for patent protection and see others make the most of their invention. A proper patent is government recognition That your idea or innovation was created by you and those who seek to develop and market your idea must come to you and get consent. Otherwise, they are free to copy your idea and put it to use for themselves. There have been many court cases where ideas are raised from the historians and employed by unscrupulous companies that make millions of dollars which were discovered to be lawful all because the inventor never patented their idea or invention. This really is the most important reason why you Have to patent your idea as soon as it qualifies so you can enjoy the security it gives. Potential While there are people who can take what You've created and make it their very own if you do not file for a patent, then you will find others in the realm of marketing that will not touch your thought if you don't get a patent first. There are good reasons why people who have the moral decency to not slip that which you've created, but instead stay far away so they don't get involved with any legal issues. A patent is the appropriate starting point For companies to then launch into discussions with you over promoting your creation. A patent implies that your notion has overcome the hurdles of this procedure and maybe more importantly, that no similar idea is already patented. This means that they can proceed with confidence in working together with you over making the most from your innovation or idea. In the Long Run, this means that not shielding Your idea or invention with a patent contributes to individuals taking advantage of what you've created or simply needing nothing to do with it. Now that you know the importance of a patent, what's the next step? When to Patent an Idea? Your idea can be patented once it meets Certain criteria that allows it to be eligible for a patent. Remember that if your idea doesn't prove to be profitable, you are out very little even if the idea does not qualify or has already been issued to somebody else. - Create a Record of Creating your Idea or Invention - Understand that the Qualifications for Getting a Patent - Can Basic Research in Assessing Its Commercial Potential - See Whether the Idea has already been Patented Once you have followed the following steps, then You are able to apply for a patent to protect your idea or invention. There are businesses out there who help inventors or idea makers like yourself with the procedure, so if you are uncomfortable in doing it alone, you need to seek out reputable businesses that are interested in helping you get through the process. http://yourhub.denverpost.com/blog/2018/03/how-denver-can-become-an-even-bigger-tech-hub/209009/
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