So you think you may have come up with the proverbial better mousetrap and you hope the world will beat a path to your door?
The majority of patents today are filed by and owned by large corporations. But this has not always been the case. Historically, independent inventors created many of our nation's greatest inventions. Some examples include Eli Whitney's Cotton Gin in 1794, Samuel Morse's Telegraph in 1840, Alexander Bell's Telephone in 1879, Orville and Wilbur Wright's Flying Machine in 1906, and so forth. Occasionally, independent inventor's patents protect and foster a fledgling company and help it to successfully grow by protecting vital technology that might otherwise be exploited by a large competitor corporation. Often times good ideas are never fully exploited. Some patentable ideas simply do not equate to good business opportunities. Patents are expensive to obtain. The reality today is that most patents do not result in a successful business venture, and most likely will not yield a favorable return on investment. However, the US letters patent does represent the best vehicle for protecting a good idea due to the statutory law that provides a patentee may exclude others from making, using, selling, or importing into the US, the patent's claimed invention. Thus, enabling a patentee to potentially monopolize the patented technology during the life of the patent.
It is our experiences that many independent inventors have an expectation that a patent attorney can not only assist in obtaining patent protection, but also assist in promotion of a product or business. While there are certain things a patent attorney can do to aid in protection, licensing and enforcement of a patent and its surrounding technology, the promotion of a business and marketing of a product are not things that we at Dan Brown Law do for our clients. We suggest that independent inventors carefully consider the business opportunity related to their novel ideas separately from the actual task of obtaining patent protection. If the inventor can make a good business plan based on the technology they have created then perhaps the investment in patent protection makes good business sense. Once this hurdle has been overcome, then the inventor can proceed with obtaining patent protection, and generally protecting the core technology their business plan relies upon. This is where Dan Brown Law can be of service. Not only by obtaining patent protection, but also in protecting technology from inadvertent disclosure, licensing technology, trademarks, and Internet law issues.
If you have the better mousetrap and you want to explore patent protection for your idea, please contact Dan Brown Law for a free initial consultation, we're always interested in helping people with good ideas.