Patent Attorney and Founder
Hey everybody, I’m J.D. Houvener, and you made it to the Bold Today Show. I’m your host, and this is for you to get your daily inspiration to go make the world a better place. [Music]
We’ve been doing our frequently asked questions series, and this is actually the end of it for now in this season. I want to share with you one of the key questions that we’ve gotten, and I’ve shared with you a few answers to this in weeks past, but this is the question about, okay, well, will I really get a return on investment for my mind, and you know, am I gonna make this money back, right? It’s a burning question even after clients have hired us; they probably still wonder this. Right now, “Oh my gosh, this is taking a while. I spent a lot of money on this. How am I gonna make money? Am I gonna make a return on this?” And what’s cool is that there’s actually a different way to look at it in terms of risk or liability avoidance.
When you do the research, when you do that, do it correctly and try to line yourself up in this process so that you will be financially successful. By doing a patentability search and looking at all the references, all the potential prior art, you know, similar inventions that have already got established rights out there in the industry, you can actually gain insight as to what patents are enforceable right now and get a little sneak peek into what’s called an infringement opinion. So, you can tell whether the product you’re gonna be going to market with may actually step on the toes of another issued patent. You know, whoops, that would be a huge mistake. Instead of spending money and wrapping up the supply chain and then getting in the market, now you’ve got to deal with the lawsuit.
So, being a smart business owner, a smart inventor, do it right and work with Bold Patents to do that. I’m your host J.D. Houvener. It’s been my pleasure going through all of our frequently asked questions this week and in weeks past. I hope you’ll be able to reach out to us if you have any questions and want to schedule time to speak with one of our patent attorneys.