Welcome to the forums!

Our encouraging community is a dedicated resource for innovators everywhere.

Learn about industry trends, common questions,
and stay informed of the latest happenings at Edison Nation.

Foreign patent applications

solberg's Avatar

In reading about the contact with Great Star and their search for tool ideas, I'm wondering whether it is advisable in a situation like this for inventors to apply for patent protection overseas considering that Great Star's market is primarily in Asia. Does the agreement that Great Star signs with Edison Nation only apply to the domestic market or are they free to commercialize an invention in markets where patent protection does not exist? This is a hypothetical question since I am trying to gain some knowledge about the contract between inventors, Edison Nation and investors.

Thanks for any input.

posted    Report this topic
Reply
magurn's Avataren_staff_badge

Hi Robin!

As far as patenting, Edison Nation does not provide legal guidance - you'd need to consult with a patent attorney on next steps.

Regarding our process, we do not require patent protection to have ideas considered. The Great Star presentation will be made to their US team here in North Carolina. All our sponsored searches are governed by agreements made with the sponsors that include confidentiality language for any ideas presented to them.

It is always in our best interest, and beyond commercialization, our #1 goal, to protect the intellectual property (filed or not) associated with the ideas we present as that IP is what would ultimately be licensed.

Hope this clarifies and best of luck!

posted    Report this post
magurn's Avataren_staff_badge

Hi guys!

A point of clarification around process. If an idea is selected, Edison Nation would handle all required patent filings for the concept. Until it is licensed, the IP responsibility (should the inventor chose to file on their own), lies with the inventor.

Thanks!

posted    Report this post
sunto's Avatar

Interesting as most of the people that cannot afford to bring a product to market have to find the money to patent the product as others profit from it . Overseas patents are  a costly business guys and not to forget the translation cost. I think it is a bottomless IP money pit . And it doesn't stop at patents. 

posted    Report this post