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The duration of a project with Schlueter Design Group can vary depending on its complexity and scope. During the initial consultation, we'll provide you with an estimated timeline based on your specific project requirements.
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Actually finding a similar product to yours can be a good thing. It means there is a market for this type of idea. But you must determine if you have a point difference and that is marketable and something that can potentially be protected.
When you discover similar prior art, you can design around the patent and use what you find to write yours differently, especially if the patent isn’t very strong. You will need to narrow down how your innovation differs and why it deserves to be patented.
On the other hand, you can contact the inventor to try to license the idea from him or her, if the patent hasn’t expired or you could just walk away right then and there.
We can almost guarantee you will find a similar product idea. Good ideas don’t emerge out of thin air. They improve upon what’s come before them. If you have any doubts we highly recommend contacting us to determine what your next steps should be.
The way inventors feel about an idea has a habit of overriding critical analysis. Many inventors charge ahead blindly, not really understanding what makes some ideas more challenging to market than others. Simple ideas take less time, money, and work to bring to market. So it’s no surprise more often than not, simple ideas are the most successful ideas.
Is your new product idea worth investing in? Take the following into consideration to help you make an evaluation. If it passes, move forward with it. But if it doesn’t, you might be better off abandoning or seriously altering it. Ask yourself the following
In today’s world companies have to innovate to stay competitive, so they’re always looking for good ideas and it is in their interest to be in good standing with inventors.
I’m sure you’ve heard stories about companies stealing ideas, and yes! It has happened. But this is not the norm. That being said, it’s very important to do your homework on any company that you are working with to make sure they are inventor-friendly. Here are some things you can do to protect yourself from unscrupulous actors:
We recommend finding good companies and submitting effective marketing materials that show the benefits of your idea, i.e., sell sheet and product video. If they ask for additional information, then that would be a good time to ask for an NDA. Typically they will not sign yours, so you’ll need to review and sign theirs. Make sure to read all the fine print, and if there is something you don’t understand, have us take a look at it.
The first step is to educate yourself then call us. And we highly recommend you find your local inventors group. Your local inventors group typically holds meetings once a month to help educate you to the process.
But for now take a deep breath. It seems extremely daunting but it can be done. Historically what has been taught is that in order to launch a product or service you need to start a business. It’s called venturing. It definitely has its pros and cons. The other option is to license your product or service for royalties. These two methods are completely different from one another and require a different set of skills, time, experience and investment.
The subject of nondisclosure agreements is unfortunately complicated. It’s not immediately clear that an NDA will guarantee the protection of your product idea in the long run.
We recommend that you file a provisional patent application before you show your product to anyone. Don’t rely on an NDA, because publicly disclosing your invention prior to securing the protection of a patent pending status can hurt your chances of receiving a patent and you run the risk of having to prove your ownership in court.
An NDA can be very helpful when you have an idea that cannot be protected with traditional intellectual property or if you have trade secrets.
NDA stands for Non-Disclosure Agreement. It is also known as a Confidentiality Agreement (CA), Confidential Disclosure Agreement (CDA), or Proprietary Information agreement (PIA)
These agreements are legal contracts between at least two parties who want to share confidential material, knowledge, or information with one another, but wish to restrict access to and by third parties.
This type of contract usually specifies the information to be guarded and the conditions under which the parties agree not to disclose it. An NDA creates a confidential relationship between the parties to protect confidential and proprietary information, which includes non-public business information and trade secrets.
There are three general types of NDA:
We recommend that you file the PPA before you share your product idea with anyone.
Schlueter Design Group, LLC products are available for purchase on our website, as well as on popular online retailers such as Amazon and Best Buy.
A patent is a legal property right granted to the person or entity who designs, invents, or cultivates a new and original product, process, technology, or service, any of which can be assigned a monetary value. A patent holder is granted the ability to make, sell, and use the idea for a specified period of time, while excluding others from doing so. During that time, the patent holder may sell (assign) the right to another person or entity so they can manufacture, sell, or use the idea.
Patents are issued by a governing agency of the country in which the patent application is filed, and they are enforceable only within the country. In the United States patents for inventions that meet statutory criteria are granted by the United States Patent and Trademark Office (USPTO). The patent system is designed to encourage inventions that are unique and useful to society. Congress was given the power to grant patents in the constitution, and the federal statutes and rules govern Patents.
The USPTO issues three types of patents:
Some ideas might benefit from more than one type of patent, usually both utility patent and a design patent.
Sometimes you do and sometimes you don’t. There’s no cookie cutter answer.
Having intellectual property can definitely have an advantage. Products that are patented have a higher perceived value in the marketplace, because having a patent can stop, or at least discourage, others from copying your product.
Filing a non-provisional patent application can cost anywhere between $10,000 and $25,000. We highly recommend that you investigate the possibility of filing a provisional patent application which is easier to do and more affordable.
A PPA does not require a claims section, which greatly simplifies the process. Please note that if you plan on filing internationally, typically one claim will be required, and we highly recommend having our patent agent handle the claim construction. A provisional patent application gives you one year to test the market, for the duration of which you have “patent pending” status. During that time, you can determine if you have a marketable product before spending large amounts of money on a non-provisional patent application. From our experience, most licensing agreements only require that you have a well written provisional patent application.
Doing a patent search is extremely important before you spend time, energy, and money trying to commercialize your product idea. You have to gain an understanding of the patent landscape before you begin. You might find a similar idea/invention, at which point you can decide to redesign, find a work-around, or abandon your project. With a little time and education, you can actually do this on your own, but using our professional patent search agent to provide results is your best bet.
Patent searches are more of an art than a science. It’s nearly impossible to find all prior art relating to your idea/invention, because there is too much of it. Over time, you develop a sense for what’s important. You can find information at the USPTO website on how you can become proficient in doing this.
Schlueter Design Group is deeply involved in the patent process, assisting clients with both provisional and non-provisional patents. With over 30 years of experience, they guide clients through every step of the process, ensuring their ideas are protected.
Provisional patent applications (PPAs) were introduced into USPTO practice in 1994. as a means to make it easier for independent inventors and small companies to obtain protection for their ideas, enabling them to market their ideas more securely without large capital expenditures. Please note a PPA is not a patent, and does not guarantee or even result in a patent. A PPA it’s just an application which gives you the priority filing date for the protection of your idea if a patent is granted. It also allows you to use a “patent pending” mark on any presentation or communication related to your idea, or even on a product that may come as a result of it.
Several countries including China, Japan, the United Kingdom, Australia, and the United States offer provisional patent applications. In the United States, you can only file a PPA for a utility patent. The PPA is in force for 12 months, after which you can either let it expire or file for a non-provisional application. The USPTO allows the inventor with a PPA to obtain a priority date, a patent pending designation, and the corresponding filing number. Filing a PPA is much simpler, faster, and less expensive than filing a regular non-provisional patent application. Correspondingly, it offers less protection – up to one year, instead of 20.
Filing the PPA has several advantages over filing a non-provisional patent application:
Yes, Schlueter Design Group has extensive experience in navigating the complexities of patent protection. They provide guidance and support throughout the patent filing process to ensure clients' intellectual property rights are safeguarded. Please refer to our different packages to assess which suits your needs.
There are different kinds of licenses. Essentially, and especially for the purposes of inventors like yourself, licensing is the renting of an idea.
When you license your idea out, you give a company with established resources the privilege of bringing your intellectual property to market in exchange for compensation to you in the form of royalties. You’re temporarily yielding to the company the rights to sell, market, and manufacture your idea for a given time and in a certain territory, usually in exchange for a percentage of the price. The terms under which you extend this privilege differ, because no two licensing agreements are the same. Royalty rates are negotiable, but generally fall between three (3) and ten (10) percent, and they are paid out per unit sold each quarter. If you consider the great volumes that large companies are capable of supplying, the royalties can add up fast.
Essentially, when you choose to license an idea, you tap into the boundless finances and massive infrastructure that large companies have. You get them to manufacture, sell, market, and –best of all–distribute your innovation. In other words, if they supply 20,000 stores, then your product can be in 20,000 stores! More and more inventors are looking at licensing as the best way to commercialize their product ideas, while minimizing the financial risk and the amount of work it takes.
In most situations all you need is a good sell sheet explaining the benefits of your product, including a photograph, picture or drawing of your idea, and a few features along with your contact information.
In today’s internet age a one minute video is also a great sales tool. Your one minute video should dedicate 15 seconds to stating the problem and then 45 seconds explaining how your product offers a solution.
Typically, companies want to see you as the owner of your idea and they may require you to have filed at least a Provisional Patent Application. Some industries may need to see that you have filed a copyright or trademark that has value as well. Doubtless, there will be companies that require an approved patent as a prerequisite to review your product submission.
After they review your sell sheet or video, if they are interested they will most likely ask to see a virtual or tangible prototype, as well as documentation of any IP protection you have. At this point we recommend that you ask to sign an NDA. In most situations, you will also be asked to sign one drafted by the company.
Please read any document/contract/NDA to fully understand what you’re committing yourself too. It’s always best to have a good patent attorney review all legally binding documents before affixing your signature to them
Today, many companies have embraced “open innovation.” There’s simply no reason for them not to. Companies that want to stay competitive understand that great ideas can come from anywhere—and anyone. They’ve realized they can’t hire every creative person out there. Open innovation is thriving worldwide because it makes good business sense: At the same time that companies are able to lower their internal R&D costs, they increase their chances of finding that next great idea. As a result, some companies have established procedures in place for reviewing outside product submissions. Submitting your ideas to these companies should be a straightforward experience. Other companies may have less experience reviewing outside product submissions, but that doesn’t mean they aren’t open to it. You’ll find them in all industries, but especially toys, hardware, kitchen and household, novelty gifts, back-to-school, music, as seen on TV, among others.
These companies want and need your product idea submissions and finding them is fairly straightforward. Visit stores to examine the products being sold there. Find the aisle where your product idea would be sold. What companies are producing these products? These are your potential licensees. You can use the internet in the same way. But make sure to reach out to them and ask them about their policies regarding outside product submissions. Always read the fine print. There will be many companies that have not really embraced open innovation. That’s perfectly fine, because you can just go to the ones which have. You only need to do your homework on any company you work with: Type in their names into the google search bar, and then type in “complaints” to learn more.
Schlueter Design Group assists clients in negotiating and securing licensing agreements for their products, leveraging their expertise in intellectual property rights and industry standards to maximize clients' opportunities for success.
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