Patents
May 17, 2010
Remember only 3% of patents worldwide make money for the patent holder from actual product sales. If you are not ready to defend your patent against infringement you may want to reconsider your options? My last patent cost about $42,000. If you are an individual inventor you may want to consider filing for a Provision Patent (PPA), copyrights, trade secrets, trade marking ect… This gives you a year plus to find out if you have a marketable idea and/or a formal business deal. If your product doesn’t appeal to anyone then you have not lost much money. If you do find a market you can reinvest your money to start the Patent Process. Or, if you develop a business deal most likely the OEM will take on protecting the idea. If anyone has any questions you can email me at ENDunlap@Par3Technology.com. Please be patient for a return email as I am a busy person running my own Product Development company. I have been fortunate and like to help the little guy sometimes. We have help inventors from this website before with their product development questions and needs.