COMMON MISTAKES TO AVOID WHEN PATENTING YOUR INVENTION
So, you think you’re ready to patent your invention, relax and see how millions come in, right? Who knows, you could become a success, but I’ve seen many mistakes obstructing the process that cost valuable time and dollars to the inventors. At Bold Patent, we strive to ensure that our ideas are realized as far as possible and, over the years, we have found many common mistakes.
Here are ten mistakes to avoid that could prove fatal for new inventors.
Bring your invention to a patent attorney when you’re not ready
The key to saving money is preparation. The fewer questions a patent attorney has to ask, the less time he will devote to his watch, taking away the money he does not have. Always answer your questions before you even ask them. Avoid this in advance with detailed technical drawings, a product sample and a summary.
Patent too soon
If all you have is a loose idea of what you want, then it is probably too early to distribute a huge amount in legal and patent fees, not to mention the long-term maintenance costs of patents that will overwhelm you. So, what is the right moment to patent? Well, when you’re ready. we will answer that in a minute.
Patent something that is not negotiable at a price that everyone would pay
Again, knowing how your invention will be manufactured will determine its patentability and cost to the consumer. If it costs you too much, you will have trouble finding someone who will license it and sell it for profit. All of this goes back to the actual detailed drawings for actual manufacturing.
Patent too late
“First, we tell you,” do not patent too soon, “now we say not too late, So when are you supposed to get a patent?”
Patenting too late leaves your invention open to the public domain. This can happen one year after a public disclosure. Now nobody wants that. When you invent something, it’s your baby. You do not want to be scammed or robbed and you would not want to get credit and even earn a few dollars. Once it’s in the public domain, anyone can use it without permission.
Patenting something that can not be done
I know, it should be obvious, but is it? You may have the best invention in the world, but what’s the point? A manufacturer could end up rethinking the entire project simply to bring it together. Then he will keep renewing a new patent to reflect the new product, which will give him more money and more pain than he could have avoided.
A patent without a functional prototype
Did you know that there was a time in the history where inventors had to take a working prototype at the patent office before they could even consider applying for a patent? Well, today you do not need it, but it will make your life easier and the process will be faster.
Presenting too many addendums, when you could have done it right the first time
You have patented your product. You present it to a company. They are interested, but they will not look for more unless you change your design. Hey, it happens one, two or until it’s good for them to engage. So, what you need to do, you have to file schedules or even new patents as you go. Nip the root before it starts.
Target your market and work hard during the development and construction phase to perceive design or marketability issues. Try as much as you can to get it right before filing a patent.
“I have a patent, Now what?”
A patent does not guarantee anything. Someone can protest your patent. Someone can wait for their product to be sold on the shelves and sue for a patent dispute. Inventing is a difficult world and something more than a patent is needed. It takes a great invention, designing and working to get your license and put it on the shelves. It takes spirit, confidence and a heart.
We hope this list helps you. At Bold Patent, we strongly believe in a process with the value of good design, technical drawings, clear summaries, packaging and, most importantly a working sample of your products. These elements speak a lot and simplify patents.