Key writes of the importance of finding a licensee willing to pay for the patent process on the innovators behalf. What are the biggest tracker networks and what can i do about them. Patent auction lists patented inventions available for sale or licensing. Thus, you can make a profit without taking the financial risk of going through the patent process, handling the business functions and bringing the product to market. Needing to prevent said company from using or disclosing your idea, if no agreement is reached after your ini. Stephen and andrew discuss stephens new book sell your ideas with or without. You rent your idea to a company and collect royalties.
Stephen key, the cofounder of inventright, authored the book sell your ideas with or without a patent createspace, 2015. This is a simpler and much cheaper process than obtaining a full patent, but provides the same legal protection for a limited period. Sell your ideas with or without a patent by stephen key. Sell your ideas with or without a patent, is out now.
Sell your ideas with or without a patent by stephen key goodreads. To protect your ideas without a patent, see if you qualify for trade secret protection from the court, which covers a broader spectrum of inventions than patents including programs and processes. A court will uphold these rights to stop others from using the idea without the permission of its original inventor. Jokes apart, the tech giant is in fact interested in buying your patents. If you want to capitalize on your idea, its not uncommon to file a patent first. Advice on sharing ideas without a patent for your business from entrepreneur. Know what it takes to protect an idea and it isnt always with a patent. Sell your ideas with or without a patent by janice kimball. How to talk about your nonpatented invention without having your idea stolen. The simple answer is yes, you can contract to sell your ideas and knowhow.
In this episode bestselling author stephen key reveals his insights on his book, sell your ideas with or without a patent, where he shares his secrets to making profits of product ideas. The title of the book will undoubtedly rub patent attorneys and patent agents the wrong way, but you cant always judge a book by. You need a good provisional patent application and an invention. If you dont get broad patent protection, then you will not be able to sell or license your patent. Download it once and read it on your kindle device, pc, phones or. How to protect your ideas without a patent with pictures. Before you even consider approaching prospective companies to sell your idea, be sure youre clear in the following areas.
What are some ways to sell an idea without a patent. Buy sell your ideas with or without a patent 1 by key, stephen m, key, janice kimball isbn. Inventors can list their patented inventions or patent pending for sale. Download sell your ideas with or without a patent pdf ebook. Yes, a patent will protect the rights to the inventors intellectual property in court. I took 5 patents and extended them in major industrial countries. Many of the products stephen key has licensed required no intellectual property protection whatsoever, yet. A lot of the merchandise stephen key has licensed required no psychological property protection by any means, however have made tens of. Sell your ideas with or without a patent inventright. Reviews of the sell your ideas with or without a patent up to now about the ebook weve got sell your ideas with or without a patent responses end users never have but left their report on the game, or not make out the print however. Ast requires at least one granted patent or published application to consider a portfolio for purchase.
When you have a patent idea, but lack the funds or facilities to carry it through, you can sell the idea to a large company. Once youre protected with a patent, you can invent and sell, assuming your idea is a success. Sell your ideas with or without a patent audiobook by. Janice kimball key provides insight into intellectual property protection. The nda would limit the companys ability to use your idea without paying you for it. However, you do not need a patent to sell your idea or invention. It helps you and your patent attorney get a better feel for the invention. If you want to license your product ideas without spending the time and money to get a patent which i believe is unnecessary then you should buy this book. Sell your ideas with or without a patent 9781507885734 by key, stephen m. The uspto refers to the sale of a patent as an assignment. Your patent gives you ownership of your invention for a set amount of time and can be used to prevent others from profiting from your hard. This is because you assign your patent ownership rights to another party.
You need a way to stop them from stealing the idea from you. Assuming us law, the issue then essentially boils down to. However, many inventors wonder if they can sell their ideas before they have a full patent. The best ways to sell an idea without getting a patent. If you have a new idea that you want to bring to market, you should consider a patent. How to license an idea without a patent inventright blog.
Buy sell your ideas with or without a patent book online at best prices in india on. Instead of having to file any documents, you can get trade secret protection by simply keeping your information secret. Get a licensing contract with or without intellectual propertywrite a provisional patent application that stops others from stealing your ideafind and hire a killer patent attorney they are not all created equal. You can sell an idea to a company without a patent. If you decide its in your best interest to sell a patent, its important to know the legal and financial aspects of the deal. He has a new book titled sell your ideas with or without a patent.
Sell your ideas with or without a patent by janice kimball key, 9781507885734, available at book depository with free delivery worldwide. The title of the book will undoubtedly rub patent attorneys and patent agents the wrong way, but you cant always judge a book. Sell your ideas with or without a patent book, 2015. The traditional model write a business plan raise capital source manufacturing develop marketing materials fulfill and distribute orders. While i am very experienced through the patent process with a patent issued, and several pending, the nuggets of knowledge presented make the case to come back and listen again. Stephen keys new book sell your ideas with or without a patent is a must have for anyone who wants to become a successful new product developer. List 23 marketplaces where you can buy and sell patents. To help you with all of this, i wrote a book how to sell your idea with or without a patent. Obtaining a patent can be very expensive and time consuming, but there are ways that you can sell your idea or invention without a patent.
How to sell a patent idea to a large company bizfluent. Most people wont risk this amount of money, and i dont recommend. Without the patent, your idea can become someone elses through something as simple as a brief conversation. When you visit a can you sell an idea to a company without a patent selling an invention without a patent is often a challenging process for inventors because simply put, a product without a patent is not very. Buy sell your ideas with or without a patent book online. Many of the products stephen key has licensed required no intellectual property. Sell your ideas with or without a patent by stephen m. Use features like bookmarks, note taking and highlighting while reading sell your ideas with or without a patent. Is it possible for to sell an idea to a company without. There are several ways you can start selling your idea without going through the expensive and. Innovate can help to protect your idea prior to approaching companies when selling an idea. If your product is patentable andor the design can be registered, then companies will expect these applications to have been filed prior to disclosure.
For your convenience, we had stephen key on our podcast, the entrepreneurs library, to give a deep dive on sell the goal of the book is to teach you how to fill out a patent application for the uspto, save large amounts of money on the legal expenses that come with patenting, find an excellent patent attorney, and win over a licensing contract. In fact you can sell a patent once you have received a patent pending status. Fortunately you do not have to wait until you have a full patent to sell your idea. Do you want to risk the substantial cost to get a patent without any guarantee of payback. How to sell your idea with or without a patent hide content subscribe. It first started its patent purchase program in may of 2015 for a threeweek window. Get a licensing contract with or without intellectual property write a provisional patent application that stops others from stealing your idea find and hire a killer patent attorney they are not all created equal. Key author, don moffit narrator, janice kimball key author try audible free. Key, janice kimball and a great selection of similar new, used and. Save thousands of dollars on legal expenses file patents that have true value negotiate a winwin agreement. A patent ensures that the inventor is the only one with rights to the innovation. Introduction in this episode bestselling author stephen key reveals his insights on his.
A summary of things you should know about sell your ideas with or without a patent according to stephen key. How to sell an idea innovate design how to patent an idea. Is it easy to sell or license your ideas and patents. Turn your dreams into a licensing goldmine while letting others do the work, has been translated into five other languages.
But, if your goal is to sell your product, licensing it quickly may take precedence. Once youve patented an invention, youve got two options if you want to make money off of your invention without producing and marketing the product yourself. Would you listen to sell your ideas with or without a patent again. Sell your ideas with or without a patent key, stephen m, key, janice kimball on. One way to do that without a patent is with a nondisclosure agreement, aka nda. This is a simpler and much cheaper process than obtaining a full patent, but provides the. Yet, many inventors sell their concepts without patents. In 2001, key cofounded inventright, a oneonone coaching program that teaches people how to license their ideas. The inventor of a unique and original innovation can apply to the united states patent and trademark office uspto to acquire a patent for the work. Sell your ideas with or without a patent kindle edition by stephen key, janice kimball key. Save thousands of dollars on legal expensesfile patents that have true valuenegotiate a winwin agreementit also details stephens experience defending his patents in federal courta david versus goliath saga he has never before.
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