Ideas are incredibly prized. Billion dollar businesses are often built on a single way of thinking. Lots of million dollar businesses are far too. So if you have a positive idea, you should do one of three things with it: patent it, keep it secret, and publish it.
The suggestion to patent an idea, or try and idea a secret, is most probably not a surprise. Why would anyone publish a priceless idea? To understand why publishing is advantageous, one must first understand the excellent reasons to patent or keep secret an idea.
Patenting an invention provides each patent holder the how do i patent an idea right to prevent anyone else from utilizing that invention. The patent makes the idea more significant because the patent holder has a legal monopoly. Competition can be restrained to greatly increase profits. In addition, after one files to patent an idea, one particular else receive a can i patent an idea patent for that idea. Patents can also be employeed to ward off patent infringement lawsuits.
Unfortunately, patents as well expensive. Patenting all good ideas can be prohibitively expensive, even for large corporations. Still, one's best ideas should be protected with a certain.
The biggest issue with a patent, besides cost, is even just a single must disclose plan seems to be to get the patent. For many inventions this makes no difference. For example, for the price of the product, everyone can see the inventive improvements to a new television set or possibly a more efficient carburetor. However, if the invention is any situation that is hard to see, like a more economical way to produce high-grade steel or route cellular telephone calls, then so invention public using a patent might not be a good proposition. Instead, it may be more profitable to maintain your idea a secret, protecting the idea without a certain.
Using trade secret laws, one can stop employees yet others that learn the secret from you from profiting from which it. Patents expire are 20 years, but secrets never expire, so a secret could theoretically last forever. Unfortunately, trade secret laws will not protect your secret idea if someone else discovers it one her own. Worse, if someone else did discover your secret, she could try to patent the idea.
Publishing an idea shares advantages and cons with both patenting and secrecy. Like keeping an idea secret, publishing fundamentally free. Like a patent, publishing also protects by preventing others from patenting the idea. As quickly as an idea is published, a single else in society can patent it.
However, in the United States, the inventor still has one year after publication to file a patent resume. So you could publish your idea, preventing every else from patenting it, and then wait a year before filing for about a patent. This essentially gives the inventor free protection for only a year.
If an how to get a patent on an idea inventor doesn't file with the patent on band is supposed to within a year of its publication, the idea becomes part of the public domain. However, even if the public domain, a published idea is still valuable intellectual property. The published idea is prior art that could be used to invalidate patents that are asserted against the inventor. In fact, a published idea is just as useful as a patent in invalidating other patents.
If you don't patent or keep secret an idea, you should publish it. There are seven billion people in the world, and if they generate two million patent applications every year, plus countless other publications. Someone will have your idea soon. Ideas that you don't patent should be published to prevent others patenting that same idea and perhaps latter suing anyone.