Protection Without A Patent

 

Clients often ask how they’re protected in showing us their invention idea before they get a patent. This is a very reasonable question, and there is a ton of misinformation on the topic. First and foremost is the notion that you can receive a patent without having to show anyone anything about your idea. This is simply not true. The patent office does not hand out patents like serving tickets at the deli. There is a rather lengthy litigation process involved with receiving a patent, and even the USPTO highly recommends that you have a licensed patent attorney/representative file the patent for you. So naturally, your patent attorney will have to understand what your idea is before they go about filing it for you.

Now that we’ve established that you have to show your idea to a licensed professional, what’s to protect your idea from the said professional? There is a long standing myth that you can simply mail the idea to yourself in order to obtain a “poor man’s patent”. The unfortunate thing about the “poor man’s patent” is that it offers absolutely no legal protection whatsoever. Worst yet is that many inventors think that this myth is fact. We are a first to file country, meaning that the first inventor to file a patent on an invention will receive the rights to that invention. Mailing the idea to yourself is not part of the patent process, nor will it hold up in any court. If one attempts to obtain royalties with a “poor man’s patent”, they are going to end up a poor man indeed.

At this point, things are looking rather bleak, as simple protection for an inventor seems non-existent. Luckily, there is one legally binding contract that will protect inventors as they reveal their ideas to those who can help them obtain a patent. A non-disclosure agreement (NDA), also known as a confidentiality agreement (CA), confidential disclosure agreement (CDA), proprietary information agreement (PIA), or secrecy agreement (SA), is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties. It is a contract through which the parties agree not to disclose information covered by the agreement.

We here at For Sale By Inventor have our NDA posted as part of our Record of Invention form. This particular NDA is known as a unilateral non-disclosure agreement. A unilateral NDA is when one party submits information of a confidential nature over to another party. The contract is binding, so even if you choose not to use our services, we are unable to disclose any information about your idea to any third party.

Now that you know that your idea is safe with the NDA, now’s the time to make sure that you are properly protected with a patent! Get in touch with us today, and we’ll show you how to begin.

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Official Record of Invention Form

Statement Of Non-Disclosure and Complete Confidentiality Complete this form for a free, no obligation review of your idea.

This Record of Invention Form certifies that you are the originator of the invention disclosed, including all additional information submitted moving forward from this date. This Non-Disclosure Agreement certifies that nobody within or associated with For Sale By Inventor may knowingly manufacture, sell, distribute or attempt to profit from your invention in any way from the date you submit your invention.

The information you submit may be shared with a separate patent law firm to evaluate patentability and intellectual property rights. The information shared with a separate patent law firm will be bound by attorney client privilege.

All employees and representatives of For Sale By Inventor, including all related companies within the Montgomery IP Associates family of companies, are required to sign confidentiality agreements to ensure complete confidence for you and your invention idea.

*A digitally time-dated copy of your Record of Invention will be sent to you by email immediately upon submission for your records.

Disclosure

Your ideas are safe.

The purpose of the Inventor Disclosure is to inform inventors that the process of creating a new product/concept and developing it into a commercial success is extremely difficult, time consuming, often frustrating, confusing and usually costly. To succeed, inventors normally must accomplish, at a high level: the legal process (patents, copyrights, trademarks, etc); engineering, scientific or technical factors; production concerns; and, market distribution. For an individual inventor, this can be a daunting task and should be carefully considered before risking talents, time, energies and capital.

Although an inventor can always represent themselves, inventors are strongly encouraged to seek advice and assistance only from licensed professionals. For Sale By Inventor’s mission is to provide coordinated, professional services for inventors to help launch their invention ideas into new products onto the market.

For Sale By Inventor specializes in consulting, researching and educating small and micro entity inventors. For Sale By Inventor never evaluates an invention in terms of potential marketability.

For Sale By Inventor refers all patent and engineering work to a separate patent law firm on behalf of inventor clients. Advertising, virtual prototypes, websites and representation services are provided by Advertising – Generation, LLC through their proprietary website ForSaleByInventor.com. This process ensures a coordinated effort and complete confidentiality.

For Sale By Inventor and any related entities neither singularly nor collectively, considers itself to be an invention promoter or developer; regardless, the following is disclosed in the spirit of full disclosure.

The total number of inventors who contacted For Sale By Inventor and any related entities over the past 5 years is approximately 125,000; from that total, approximately 60,000 submitted ideas for review with about 12,000 offered contracts for research services; resulting in 3,974 contracting for professional research services. Following research, 2,162 received positive professional opinions of patentability and feasibility and were proffered development agreements. 1,127 inventors contracted for some combination of our patent, engineering and marketing services.

Of the total clients contracting for our services, 53 received licensing agreements and 27 have reported a net financial profit while hundreds of cases still remain active. Licensing is just one option that an inventor can pursue to commercialize their invention and was not pursued by clients who only contracted for legal, engineering or sales representation services. An additional 182 inventions have reported commercial success meaning that they either have been or are currently available for sale. Since these clients have no obligation to report their specific financial records to us, we are not aware of how many of these have made more than they spent on their invention.

DISCLAIMER: Past performance of professional services can provide no guarantee of future profits or that anyone will agree to purchase, license, produce or distribute any invention idea. Bringing an invention from an idea to marketed product is a high risk venture.

rev. 7/2017

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