Patent Attorney and Founder
Hi everyone I’m JD Houvener your host to the vault today’s show for you the inventor or entrepreneur gets your daily inspiration so if you can go make the world a better place welcome it is a Monday happy Monday everybody hope you’re all doing good this week I’ve got something special for you to think about last last two weeks we’ve talked about the Super Soaker and in weeks before we’ve talked about all the hard work that goes into doing patent searching and getting the patent rights granted this week I want to talk about some of the fun activities that can happen once you reach that level and what I’m talking about is making sure you’re growing your business right a lot of the main goals of our clients are to start and grow businesses and if that’s your goal you’re gonna enjoy this week’s session but for those you that are just technologists don’t tune out yet there’s a couple of sections this week that are going to be applicable directly to you what I want to talk about today is a question I get a lot from inventors where it’s the David versus Goliath scenario you’ve got your patent rights granted but you know what in the big Amazon or a big Facebook or Microsoft says you know what this little guy is not going to touch me I’m gonna go ahead and do exactly what his patent says and telling the little you know David hey come get me and and there you are the small inventor what do you do now we’ve got three main options right – or sort of not so great the third one the one introduced today is quite compelling so the first option we’ve always told our clients is that what we can do is potentially work on a contingency right and not all firms will do that sometimes our firm well depending on the merits of the case we would be willing to do the work meaning all the patent validity infringement seeks and assists and perhaps even a trial work at a contingency rate so more details on that at a later time the second option is to actually look to sell for since the right to sue right you might think of you know a competitor to this Goliath would say Amazon right think of eBay right eBay may be interested in suing the lights out of Amazon maybe already in a lawsuit today so you can sell your rights to eBay to then take on Amazon that may be infringing your right the third option that we’re going to be talking about this whole week is this idea of patent insurance so before the infringement happens starting at the point when you first file your application you can secure and open up a policy it’s called IP infringement insurance and it’s a policy that does exactly that it will provide insurance benefit if there is indeed an infringement of your patent claims so we’re talking about that and a few other areas of what’s called IP insurance in this whole world patent specific and trade secret specific insurance models they can protect you even before you get your patent granted I’m your host JD Houvener of the bull today show if any of you have any questions about this or patents in general what I want you to do is go visit our website at bold patents com we have tons of information there free resources books and all the good information resources and flowcharts we have to walk you through that on a free 30-minute consultation as well have a great day everybody go big go bold [Music]
[Music]