5 easy steps to file for a patent
DESCRIPTION
Felix Grovit is an inventor with 23 approved patents and 77 still pending. He holds patents for online industries dealing with money transfers and transactions. The Internet is an increasingly large marketplace for patents these days, so if you are an inventor, it is important to understand these steps to stay ahead of the competition.TRANSCRIPT
Record Your Invention
In the US, patents are granted to the
first who invent, not the first who apply.
Write up a detailed description of your
invention process and have a witness
sign it. You will also want to keep your
idea confidential. If your invention has
been in a publication, in public use, or
sale for over a year before applying for
you patent, you can’t obtain a patent.
Do a Prior Patent Search
There are over 7 million patents in the
United States, so hire a patent attorney
or agent. They will run a prior art search,
which compares your invention with prior
inventions to see if your invention
qualifies for a patent. Patent attorneys
will also strengthen your application so
that it is more competitive.
Market ResearchIf your patent search results come back
promising, you will want to do market
research to make sure you want to go
through with the patent application.
Find out the costs of creating your
invention and what the competition is
like. Can your product be sold? To
who? Your patent attorney can help
with professional recommendations,
but the ultimate decision is up to the
inventor.
Chose a Patent Application
Be sure to review the US
patent and trademark office
website rules and regulations.
There are several different
types of patent applications
according to the invention
and type of protection you
may need.