The Inventor's Bible: How to Market and License Your Brilliant Ideas (4th Edition)

The Inventor's Bible: How to Market and License Your Brilliant Ideas (4th Edition)

Ronald Louis Docie Sr.

Language: English

Pages: 422

ISBN: 2:00305394

Format: PDF / Kindle (mobi) / ePub

The definitive guide for inventors, newly updated with the latest patenting laws, information on crowdfunding, and online resources.
The path to success is clearer than it's ever been! Thanks to experienced inventor Ronald Docie, the process of commercializing your invention and receiving royalties is no longer complicated. The Inventor's Bible is an in-depth how-to manual for both beginners and skilled entrepreneurs alike that helps you develop a realistic, workable plan, research your market, target potential business partners, and strike a good deal for your inventions. It tackles vital concerns, such as: What is my invention worth? What steps should I take first? Is free government help available? Who can I trust, and how can I keep from getting ripped off? Revised to reflect recent changes and innovations, this fourth edition includes:

• Crowdfunding and Crowdsourcing

• Open Innovation

• Free Patenting Help

• New U.S. Patent Laws

• America Invents Act

• Freedom to Use Law

• Online Help for Inventors

With The Inventor's Bible, your dream can become the world's next great invention.













___________________________________ 123. Are there industry experts who may provide additional beneficial information? Where to find them? ________________________________________________ ________________________________________________ WHEN ALL RESPONSES ARE NEGATIVE When the responses you receive from each and every company are all negative, you need to determine why. Are there insurmountable barriers in the industry? Do you need to redesign your invention to get the cost down or make it

you learn, the better you are able to anticipate these challenges and possible barriers. If this is the case, the examiner who reviews your patent application may decide that it would be obvious to someone skilled in your art to combine these various elements if they knew they existed. This is a hypothetical argument, but this one argument alone, the “obviousness rule,” is cited in the majority of patent rejections at the USPTO. It is because of these intricacies that a thorough patent search

out that market conditions change, manufacturing processes change, and there could be a host of other considerations that would cause your invention to have worth in the future. The decision you have to make is: “Is it worth the cost of patenting and paying the maintenance fees to wait out potential changes that might affect my invention’s commercial viability?” Why Interviewing Works Interviewing key people in your industry provides insights you can’t find in a book or a database. And it

Foreign patents can help you take advantage of this. Or you might find a foreign company that is willing to do the initial manufacturing and marketing in its country without any patent, but saving the U.S. rights for you should you obtain a U.S. patent. Although you may not earn royalties from sales in a foreign country, the results of the marketing in that country may encourage a U.S. company to take on your invention once it has been proven overseas. This would be analogous to a free test

invention. It is your duty as the inventor to put the rest of the world on notice that your product is indeed covered by a patent(s). If someone infringes on your patent, you may not be able to claim damages unless you have the proper marking on your product. You would think that such a clause would be obvious, if not unnecessary. However I have found it extremely helpful to include such a clause. In today’s age of products being manufactured overseas, it is easy for a licensee to become lazy

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