Intellectual Property Forums (http://www.intelproplaw.com/Forum/Forum.cgi)

(Message started by: dial100 on Oct 12th, 2007, 1:33pm)

Title: Is this common??
Post by dial100 on Oct 12th, 2007, 1:33pm
I have an idea, quite an idea actually. I am techie guy so I could google to see if anyone around even thinking of doing that. Didn't see anything.

1. So great idea but no money for Patent.
2. Excited but scared to share with someone
3. I want to go ahead with the Idea but i am not a self leader.

Looking at the market it will flourish in millions if someone really gets going with it.

I wanted to know from newbies, is this a common feeling. Really do not know which direction to go.

If there are any investors out there, then I can share the idea and get it patented with their money. They can get a big share. I am positive because however small share I get, its going to be in mils..

Question for Forumers is, how should I go about it? I have no money, rather I am completely bogged down with financial responsibilities which by itself I am handling fine but cannot spending 5-6 grands for Patent. Sharing with unknown person is as scary has tossing your valuables on the streets, and keeping it secrete meaning losing its value...

Title: Re: Is this common??
Post by pentazole on Oct 12th, 2007, 1:53pm
Believe it or not, many people come up with these multimillion dollar ideas all the time.  I came up with two this week.  Your best bet is to search around for either pro bono or other volunteer IP practitioners for advice.  Have a non-disclosure agreement prepared (you can find templates on the web, or ask whomever you are consulting with if they can provide one).  Also, several states and universities run some kind of intellectual property clinic to get people in your situation started.  I wish I could give you any links but I don't have any.  Look around though, they're out there.  What state?

Title: Re: Is this common??
Post by dial100 on Oct 12th, 2007, 2:02pm
You may be right. It is just one of those Ideas..

ok.. thanks.

Title: Re: Is this common??
Post by dial100 on Oct 12th, 2007, 2:13pm
Oh by the way, it is more like a one Design Patent idea and 2-3 Utility (Products) patent ideas.

This is not like making a burger, poker game, another ecommerce site or something. This is going to be a serious product.

Title: Re: Is this common??
Post by pentazole on Oct 12th, 2007, 2:14pm
I wasn't trying to discourage you, I was just using a bit of humor.  If you think your idea is worthy, you should really get a professional opinion regarding its patentability.

Title: Re: Is this common??
Post by MattB on Oct 12th, 2007, 4:02pm
pentazole is on the right track.  NDAs are a good start.  You are very vulnerable to anyone who unscrupulously might take your ideas (especially including investors).  Plus you pose an easy target because you probably don't have the financial resources to enforce an NDA.

Lawyers won't often take the case for an interest in the product, those that do may be unethical.  Find someone pro bono, see if you can make a friend with a patent attorney who will watch your back.

If a patent attorney double crosses you, it will be the end of his career.

"I want to go ahead with the idea but I am not a self leader"?

Yikes, you need a trusted compatriot to do all the work and not take off once it is a success.  Hmmm... do you know someone like that?

Title: Re: Is this common??
Post by Bill Richards on Oct 14th, 2007, 4:59pm
Missing from this thread is a very important element:  IP rights.  An NDA is OK as far as it goes, but unless the agreement also addresses ownership of IP that is jointly developed or developed by the other party, it's insufficient.  Be careful, or you may live to regret trying to pinch pennies.

Title: Re: Is this common??
Post by gaby on Oct 27th, 2007, 12:22pm
hi 100  , I am in the same boat as you . I to have an idea and seek the same assistance . The  ONE reality that I have found is to put your idea on paper , then go to a NOTERY  FIRST !, THEN WHEN YOU APPROCH OR ARE APPROCHED , YOU HAVE YOUR IDEA AND ASS COVERED !  
i hope this "bonn mot " helps?
gaby

Title: Re: Is this common??
Post by Bill Richards on Oct 28th, 2007, 5:51am

on 10/27/07 at 12:22:45, gaby wrote:
The ONE reality that I have found is to put your idea on paper , then go to a NOTERY FIRST !, THEN WHEN YOU APPROCH OR ARE APPROCHED , YOU HAVE YOUR IDEA AND ASS COVERED !

Perhaps someone could explain how this "covers one's a**" and how it helps with subsequent IP rights?

Title: Re: Is this common??
Post by MattB on Oct 29th, 2007, 4:02pm
Getting the print description notarized may serve as proof of inventorship. This may preclude another from patenting it, but in no way protects you from others stealing the idea.

You might also want to make yourself aware of patent bars in 35 USC 102 (try google).  Contact patent counsel soon, or you may get yourself into an irreversible situation.

Title: Re: Is this common??
Post by mierz on Dec 6th, 2007, 2:38am
i am ready to make a fair investment if you can convince me that the product will sell!!!    reply to my email if interested  



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