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About the Author:
Jason Webb is a lead patent attorney for Advantia Law Group. He has successfully obtained over 1000 patents for his [link widoczny dla zalogowanych] clients. Provisional Patent New Inventions
Provisional patents give you fantastic leverage. [link widoczny dla zalogowanych] Once you get your earth shaking idea, within a [link widoczny dla zalogowanych] week you can have patent pending standing and begin selling it. You don't need to spend the money for a full patent until you are certain that it is a [link widoczny dla zalogowanych] success.
With a [link widoczny dla zalogowanych] provisional patent in hand, you can feel confident that your idea cannot be stolen. You can present it to multiple [link widoczny dla zalogowanych] companies without fear. The enthusiasm and excitement that you have about your revolutionary idea will [link widoczny dla zalogowanych] be your best selling feature.
A provisional patent is only a temporary patent. It is only good for one year. If you have not filed a non-provisional patent within one year, your patent will expire worthless. As you can see, time is of the essence. Think of the benefits of filing rapidly and at minimal cost. You could do this multiple times without breaking the bank.
Filing Your Patent
Consider this scenario: You have an idea that is a disruptive innovation. [link widoczny dla zalogowanych] You feel that it could change [link widoczny dla zalogowanych] a whole industry. If you disclose your idea inappropriately, then the moment (and the money) is gone. It belongs to the public domain. However, you know about provisional patents, and you prepare a detailed description of your idea or invention. The one caveat is that your description of your invention must [link widoczny dla zalogowanych] be accurate or the protection is not there. You must [link widoczny dla zalogowanych] describe your idea accurately. If a person in your industry can't duplicate your invention, then it is invalid. You then submit everything to the US Patent and Trademark Office (USPTO) with a $100 filing fee and you have patent-pending status.
Provisional Patents Are Options to Wealth
Now the fun begins. You can contact the companies in your industry to show them how their products are going to be obsolete with your new technology. When they realize that their business is threatened, if your technology [link widoczny dla zalogowanych] falls into the hands of a competitor, it is very likely that a bidding war will ensue between competitors. When the dust settles, you choose the highest bidder. Your reward will be a [link widoczny dla zalogowanych] healthy stream of royalties flowing to you for the rest of your life. Of course, those royalties can be passed down to your heirs.
Using Provisional Patents to Leverage Your Fortune
While this [link widoczny dla zalogowanych] scenario is idealized, it is by no means impossible. Even if you don't hit a [link widoczny dla zalogowanych] jackpot, your rewards can be a significant cashcow. The final result depends on the quality of your idea-invention. Another factor is that you don't disclose information about your invention before you get the protection of a patent. Your provisional patent effectively gives you an option that you can use [link widoczny dla zalogowanych] to leverage your way into the realm of big business.
Article Source: uPublish.info
Using Provisional Patents To Leverage Your FortuneArticle Summary: How to use provisional patents to leverage equity positiions in major companies.