How to sell your ideas and inventions for cash part 5 of 7
The twelve ways to protect your invention
Hi. This is Mike Rounds and welcome to part five of how to sell your ideas and inventions for cash called the twelve ways to protect your invention
Although most inventors have only ever heard about patenting their inventions, there are actually 12 commonly used methods for establishing the rights to your ideas, inventions, innovations and patenting, the most expensive and least effective of them, is only one.
This part of the invention process is known as utilizing intellectual property law and consists of three different areas of registration and protection:
• Contractual Recourse Documents
• Date of Discovery documents
• Federal Registration documents
Each of these documents is used to establish specific rights and the legal recourse that you have at different phases of development for your invention.
The first are contractual documents which are used during the development phase while you are still creating your product and are used to maintain confidentiality between yourself and other people that you rely on for parts, services, or advice.
They include the
• Confidentiality and non-disclosure agreements
• The invention nonuse agreement
• The work for hire agreement
• The non-competition agreement and
• The contingent commitment agreement
All of these are relatively standard agreements and if you have a basic working knowledge of contract law, you can create and utilize this yourself without the need for attorney.
The second type of registration is known as date of discovery documents and includes:
• The Poor Man's patent
• Notary
• The Provisional patent and
• Inventor's notebooks.
All of these have been used, abused, and thoroughly misunderstood throughout both the invention community and everyday people's lives.
The important thing to consider when using date of discovery documents is that they have no legal standing by themselves but are in fact, used to establish the date of discovery of an invention by a specific individual and must be used in conjunction with some other form of legal registration including contractual documentation and the federal registration formats.
The third form of registration is the federal registrations and includes patents, trademarks, and copyrights.
Please note that each form of federal registration has different criteria, different costs, different periods of longevity, and different levels of protection and recourse under the current laws of the United States of America.
There's even another way to get started called a "Novelty Search" that patent attorneys can do for you for a few hundred bucks that'll tell you if you're even in a position to go ahead with your invention without violating someone else's patent.
Bet your friends and the patent attorney's you've met didn't tell you about that one --did they?
If you're interested in making money with your creative ideas and don't want to spend a lot of time, money or get ripped off in the process, we've got the answer for you.
We've been delivering this copyrighted program, for the past 25 years, to live audiences at over 500 locations throughout the United States including the Harvard School of Business, the University of California, The World famous Invention Convention, Rochester University, and the Los Angeles Public Library.
Now, this same program is available as a complete package including all of the workbooks, audio lectures, videos seminars, and legal support forms for less than $100.
This is a complete, comprehensive program, delivered in everyday language so that you'll be able to understand and apply the process.
We'll show you everything you need to know to protect, package, prototype, and offer your inventions for sale without spending a lot of money for things you don't need, can't use, and that won't make you a profit.
Plus, we'll show you:
• a variety of low cost, no-cost ways to establish the ownership rights to your inventions
• how to make sure that your invention is 'ready to take to the street'
• how to locate potential buyers
• how to solicit their participation, and
• What you can expect in terms of royalties and contractual conditions.
Forget about thousands of dollars -- we'll show you how to do the work yourself and find out if you've got the next great product for a few hundred dollars.
Click the link below to get a lot of information about our Invention Marketing Kit and as a bonus, we have a FREE manual to help you get started making money with your ideas and inventions.
It's called Kit Designing for the Clueless® - How to turn your ideas and inventions into a saleable kit.
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How to Sell Your Inventions for Cash - Seminar Demoby ltmfrounds34 views
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