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Stephen Key

Monday, 06 August 2018

How Can You Save Thousands of Dollars and Still Protect Your Idea? Write the Best Provisional Patent Application!

Patents

You've heard me say this before - a Provisional Patent Application (PPA) is the inventor's best friend. And here's why. If you have an idea/invention take a deep breath before you do anything. Everything will be fine. Don't listen to friends or family members that have never brought a product to market. Don’t be sold on fear that someone is going t...

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product idea product developer patent PPA Provisional patent application

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Stephen Key

Wednesday, 06 June 2018

How to invent right!

Licensing Ideas Inventing Patents

Why do most inventors struggle to commercialize their inventions? Why are 97% of all patents worth less than what it cost to obtain them? In my opinion inventors have been going about this all wrong! The information they have is outdated. And, a lot of inventors get their advice from folks who don't have the experience to offer sound opinions - and...

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inventors inventors struggle patents opinion inventors information

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Stephen Key

Monday, 23 April 2018

Should you show your Provisional Patent Application (PPA) to a potential licensee?

Inventing Patents

At inventRight we get asked this question all the time. As I travel around the country and speak to inventors, it's a familiar dilemma. You've submitted your product to a company and they have asked to see a your PPA. Should you show it to them? The simple answer is yes if they ask. But the real question (and advice I'd like to of...

Tags:

company product time . inventors dilemma .

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Stephen Key

Wednesday, 11 April 2018

How to License an Idea Without a Patent

Licensing Patents

Stephen Key's Forbes.com article - In Today's Market, Do Patents Even Matter? You share your idea with a friend and he or she says “You’d better get a patent on that”. You watch Shark Tank and come away thinking you need a patent to sell your product. You go to a meeting of your local inventors group and speak with several people, including patent ...

Tags:

Stephen Key Forbes.com article patent Shark Tank need

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Stephen Key

Tuesday, 23 January 2018

Royalty Rates - How to get a Higher One!

Licensing Ideas Patents

Royalty rates are an important party of licensing – after all, it’s how you get paid! Everybody wants to know: how do I get the highest royalty rate? First let me tell you that royalty rates average about 5%. Over and over, across different industries and lots of different products, a royalty rate of 5% is standard. Once in awhile it might be 3% if...

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royalty rates licensing – royalty rate 5%

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Stephen Key

Friday, 12 January 2018

When Do You File a Patent? You’d Be Surprised!

Ideas Inventing Patents Uncategorized

I want to talk about when you should file a patent. And based on my experience, I have a different approach to this than many other folks. Trust me, I know exactly what it feels like to come up with an exciting new product idea, and Boom! That’s when fear takes over. Is someone going to steal my idea? 25 years ago, that fear hit me, and...

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Stephen Key

Wednesday, 03 January 2018

18 Tips to Protect your Ideas

Licensing Ideas Inventing Patents Uncategorized

Disclaimer: I am not an attorney and this is not legal advice. Happy New Year! Today I am going to go over 18 ways to protect your product ideas. It’s a lot of information that I think will help you both protect and license your idea successfully. I’m going to share the traditional methods of course, with the USPTO as your main resource, but I’m al...

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attorney advice 18 ways product ideas

Reality Check for Inventors: No One Else is Going to Do it All for You

Licensing One Simple Idea Ideas Inventing Patents

Today I want to talk about that magic person or company that is going to come along and do everything for you. They are going to take your idea, they are going to license it from you, and they are going to send you checks. All you have to do is come up with a great idea. Sounds like a miracle, doesn’t it? That’s because it is! It doesn’t happen tha...

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idea ?” magic person company

How to Patent an Idea

Patents

Patenting an idea is not difficult. All you is need is a good patent attorney and a wallet full of cash. The real challenge is patenting an idea that is profitable. According to the United States Patent and Trademark Office, more than 8.5 million patents have been issued. That is a lot of invention ideas! But very few of them ever make any money. I...

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Stephen Key

Tuesday, 05 December 2017

Do You Really Need A Patent?

Patents

Everyone wants to know, do they need a patent? Most inventors are extremely fearful their ideas are going to be stolen from them. The question really isn’t that simple, though. What you need to do is think critically and develop a business strategy. What are you really after? How are you going to get there? When it comes to intellectual property, i...

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