California,
I have already submitted a Full Patent application. Since my invention has to do with Freeway billboards, it is virtually impossible to keep it a secret until the patent issues. I am trying to decide the business plan to market the invention.
Most probably you would say no to making an infomercial CD that explains the
invention with samples and send it to the top 100 companies to see if they
like it. You might recommend not to do it since the patent has not issued
yet, and if one of the companies, say one in South Carolina, decides to go
ahead and use it without our permission, we have no recourse since we do not have a patent yet and we have not even asked them to sign an NDA.
The next scenario: We try to sell the product to only one company without
asking them to sign an NDA and they like it and they decide to go ahead and
do it on their own. You would say that we have no recourse since we do not
yet have a patent and we should have asked them to sign an NDA.
Third scenario: We are being professional and show it to a company and we
ask them to sign an NDA and they like it and ask us to go ahead and make one for them to put on top of their one story building next to the Freeway.
Perfect, we sold one. Now we have 1000 people every hour looking at it whom
have not signed an NDA. They decide that they want to go and do it
themselves without our permission. You would say that we have no recourse.
If the above scenarios are accurate, due to the nature of my invention
(could not be kept secret) then the best business plan would be to expedite
the patent application process according to section 708.02
Petition To Make Special.
Is the above a correct analysis?
Thanks
Celia
I have already submitted a Full Patent application. Since my invention has to do with Freeway billboards, it is virtually impossible to keep it a secret until the patent issues. I am trying to decide the business plan to market the invention.
Most probably you would say no to making an infomercial CD that explains the
invention with samples and send it to the top 100 companies to see if they
like it. You might recommend not to do it since the patent has not issued
yet, and if one of the companies, say one in South Carolina, decides to go
ahead and use it without our permission, we have no recourse since we do not have a patent yet and we have not even asked them to sign an NDA.
The next scenario: We try to sell the product to only one company without
asking them to sign an NDA and they like it and they decide to go ahead and
do it on their own. You would say that we have no recourse since we do not
yet have a patent and we should have asked them to sign an NDA.
Third scenario: We are being professional and show it to a company and we
ask them to sign an NDA and they like it and ask us to go ahead and make one for them to put on top of their one story building next to the Freeway.
Perfect, we sold one. Now we have 1000 people every hour looking at it whom
have not signed an NDA. They decide that they want to go and do it
themselves without our permission. You would say that we have no recourse.
If the above scenarios are accurate, due to the nature of my invention
(could not be kept secret) then the best business plan would be to expedite
the patent application process according to section 708.02
Petition To Make Special.
Is the above a correct analysis?
Thanks
Celia