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   I have an Invention ... Now What? (Moderators: Forum Admin, JimIvey, JSonnabend)
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   Author  Topic: Not sure what to do.  (Read 437 times)
Jason Martin
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Not sure what to do.
« on: Jul 27th, 2006, 10:49am »		 Quote Quote Modify Modify Remove Remove
I am not sure what to do. I have made a lighted license plate that has never been done the way that I did it. It is unique and I have searched the patents just to make sure. I would like to approach some part manufactures with my idea and have them make it. I would just get a percentage. How do I keep them from stealing the idea? ie: Meet with them and they say no, then 3 months later see it for sale just slightly different than my model.
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Wiscagent
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Posts: 843
Re: Not sure what to do.
« Reply #1 on: Jul 27th, 2006, 11:31am »		 Quote Quote Modify Modify
“I would like to approach some part manufactures …”
 
If you approach a contract manufacturer with a non-disclosure agreement (NDA) it is likely they will agree to, and abide by, the NDA, and produce your product for some agreed upon price.  At that point you will be out the cost of your products and have a garage filled with product.  Then it would be your problem to sell the product and make a profit.  Of course as soon as your competitor sees your invention is doing well, they could copy it.
 
“I would just get a percentage.”
 
This suggests that you don’t just want a manufacturer.  You want someone else to manufacture, market, and distribute your product, and pay you a royalty.  That is a much more difficult challenge.  A company that is set up to do all those tasks would probably be unwilling to sign an NDA.  And even with an NDA, if the company makes and sells something similar, it would be difficult for you to successfully sue them for violating the NDA; and you would have no protection against third party copying.
 
You may wish to contact a patent agent or patent attorney and look into obtaining patent protection for you invention.
 
Richard Tanzer
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Richard Tanzer
Patent Agent
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