Man, I have to say that you've done a hell of a job! These videos and the course you have are just beyond useful and informative... I would like to ask you: If you have a provisional patent, would that eliminate the necessary need for an NDA? And will just depend on the provisional? Or maybe provisional + the email agreement you mentioned? And how about recording every single call with them... that would be powerful evidence in case they stole the idea... right? Finally, I wanna thank you for your amazing job, and I've just subscribed and am looking forward to your next upcoming videos!
Yes! Building a good paper trail is a great way to reinforce your rights. The provisional application is necessary to secure your rights, but together with a NDA, you have as much protection as is legally possible.
@PatentToronto thanks for responding. I mean, in case they didn't agree to sign an NDA, recording every single call is powerful since any stupid move from them will lead to publishing everything online, and then later they lose reputation... which I think is far worse than a lawsuit.
What if the person who signed the NDA leaked the information to someone else and registered it as a patent? Or the company that signed the contract established a new company and registered the idea as a patent in its name. Thanks for the nice video ❤
You can sue for breach of contract if they violated the terms of the agreement. If they also file a patent application, then you can sue for ownership of the application or patent.
It’s evidence, but it’s not foolproof. Also, it helps you record when events happened, who you met with and when, and other important details. Judges tend to be impressed by that sort of evidence and they’re usually smart enough to spot a fake.
I have an brilliant idea can I come to you for help on getting me started and taking the right steps if so I would really be a student and would like to learn!!
I’m retired and don’t provide services directly to clients; however, I am releasing courses on subjects like preparing provisional applications and reaching out to potential buyers. Stay tuned for additional information.
What is your advice for people with smaller inventions? I have a number of ideas and even prototypes that may be worth hundreds of thousands or a few million in REVENUE if they could reach the right markets. The profits could be significant to myself, but Companies seem to only be searching for products worth millions in PROFITS. If an idea isn't big enough to start an entire company around, and I can't get an established company to buy it... is it just a worthless idea?
Apple computers was started by Steve Jobs and Steve Wozniak out of a garage where they hand manufactured and sold a single board computer (Apple 1 computer) into a tiny market. The market for personal computers was minuscule at the time, but grew quickly. They could not license the product at the time because the market was too small, so they had to do it themselves. Sometimes, you have to do it yourself and become a manufacturer.
True - the point is, at the time, they decided to become manufacturers because they couldn’t sell their idea any other way. Many inventions are very difficult to license or sell to a company because the market is perceived to be too small or insufficiently profitable, in which case the only option might be to go into production yourself.
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What a great video!! Thanx! Your awesome!
Very good video Elias!
Thank you.
Excellent videos. Thank you. A suggestion: could you please explain patent brokerage?
Wow, you are amazing. If i have trouble in the future i contact you.
Man, I have to say that you've done a hell of a job!
These videos and the course you have are just beyond useful and informative...
I would like to ask you:
If you have a provisional patent, would that eliminate the necessary need for an NDA? And will just depend on the provisional?
Or maybe provisional + the email agreement you mentioned?
And how about recording every single call with them... that would be powerful evidence in case they stole the idea... right?
Finally, I wanna thank you for your amazing job, and I've just subscribed and am looking forward to your next upcoming videos!
Yes! Building a good paper trail is a great way to reinforce your rights. The provisional application is necessary to secure your rights, but together with a NDA, you have as much protection as is legally possible.
@PatentToronto thanks for responding.
I mean, in case they didn't agree to sign an NDA, recording every single call is powerful since any stupid move from them will lead to publishing everything online, and then later they lose reputation... which I think is far worse than a lawsuit.
What if the person who signed the NDA leaked the information to someone else and registered it as a patent?
Or the company that signed the contract established a new company and registered the idea as a patent in its name.
Thanks for the nice video ❤
You can sue for breach of contract if they violated the terms of the agreement. If they also file a patent application, then you can sue for ownership of the application or patent.
Thanks for all the info, it's a big help to inventors. 👍.
Glad to help
Great throughout info and well made 👍 🙏🏼
Thank you!
Great advice, thanks. Do you have any examples of products you have successfully helped to market?
How can a journal be evidence if you can just invented any date in the pages ? How do they know if a wrote that a year ago or yesterday ?
It’s evidence, but it’s not foolproof. Also, it helps you record when events happened, who you met with and when, and other important details. Judges tend to be impressed by that sort of evidence and they’re usually smart enough to spot a fake.
I have an brilliant idea can I come to you for help on getting me started and taking the right steps if so I would really be a student and would like to learn!!
I’m retired and don’t provide services directly to clients; however, I am releasing courses on subjects like preparing provisional applications and reaching out to potential buyers. Stay tuned for additional information.
What is your advice for people with smaller inventions?
I have a number of ideas and even prototypes that may be worth hundreds of thousands or a few million in REVENUE if they could reach the right markets. The profits could be significant to myself, but Companies seem to only be searching for products worth millions in PROFITS.
If an idea isn't big enough to start an entire company around, and I can't get an established company to buy it... is it just a worthless idea?
Apple computers was started by Steve Jobs and Steve Wozniak out of a garage where they hand manufactured and sold a single board computer (Apple 1 computer) into a tiny market. The market for personal computers was minuscule at the time, but grew quickly. They could not license the product at the time because the market was too small, so they had to do it themselves. Sometimes, you have to do it yourself and become a manufacturer.
@@PatentToronto Apple was founded 48years ago
True - the point is, at the time, they decided to become manufacturers because they couldn’t sell their idea any other way. Many inventions are very difficult to license or sell to a company because the market is perceived to be too small or insufficiently profitable, in which case the only option might be to go into production yourself.
I have some innovation and I need your help to find companies to buy them
I will create a video on finding potential buyers. In the meantime, make sure you protect your invention/innovation as best you can.
Thank you so much boss😍