Intellectual Property Forum The Intellectual Property Forum

Please login or register.

Login with username, password and session length
Advanced search  

News:

New registrations are now permitted.

Author Topic: Useful Product?  (Read 5751 times)

IPworld

  • Newbie
  • *
  • Posts: 2
    • View Profile
Useful Product?
« on: 11-29-10 at 01:46 pm »

If I have an idea that would be useful for only a very particular minority of people, would it still be worth getting a patent?
Logged

JimIvey

  • Forum Moderator
  • Lead Member
  • *****
  • Posts: 5931
    • View Profile
    • IveyLaw -- Turning Caffeine into Patents(sm)
Re: Useful Product?
« Reply #1 on: 11-29-10 at 02:53 pm »

Well, would a patent derive enough revenue to justify the cost of procuring the patent?  If so, yes, it's worthwhile.  Otherwise, no, it's not.

Regards.
Logged
--
James D. Ivey
Law Offices of James D. Ivey
http://www.iveylaw.com
Friends don't let friends file provisional patent applications.

Yak

  • Senior Member
  • ****
  • Posts: 543
    • View Profile
Re: Useful Product?
« Reply #2 on: 01-03-11 at 07:41 am »

IPworld,
The fact that you recognize that as an issue puts you ahead of many of your independent inventor peers. 
Logged
Not legal advice... Batteries are not included... Any resemblance to real persons, living or dead is purely coincidental... Eating raw or undercooked meat, poultry, eggs or seafood poses a health risk.

floresjackie8

  • Newbie
  • *
  • Posts: 2
    • View Profile
    • Email
Re: Useful Product?
« Reply #3 on: 04-27-11 at 01:28 am »

Hi thanks for this information. Very informative thread
Logged

MYK

  • Lead Member
  • *****
  • Posts: 1741
    • View Profile
Re: Useful Product?
« Reply #4 on: 04-27-11 at 01:46 am »

Well, would a patent derive enough revenue to justify the cost of procuring the patent?  If so, yes, it's worthwhile.  Otherwise, no, it's not.
Well phrased.

A friend started a small company.  He's up to thirty-five patents now (surprising, last time I checked it was only eleven).  He sells under a hundred units per year.

Each unit sold costs around $250,000.

Without patent protection, the price would be much, much lower.

Of course, if the unit cost was more like $25,000, he might sell a few more, but his product is a specialized research instrument, so sales probably wouldn't even double.
Logged
Disclaimer: not only am I not a lawyer, I'm not your lawyer.  Therefore, this does not constitute legal advice.
 



Footer

www.intelproplaw.com

Terms of Use
Feel free to contact us:
Sorry, spam is killing us.

iKnight Technologies Inc.

www.intelproplaw.com

Page created in 0.129 seconds with 21 queries.