I took notes for anyone who wants to copy/paste what he said to your own computer. see below, but watch the whole video. He is a great source of useful info. 1. don’t tell anyone about your invention without taking precautions. 2. Approach crowdfunding cautiously. The way to stop copycats is to file for a trademark and a design patent. It takes 10 months to get the trademark and design patent back from the place you filed. If you do decide to crowdfund, then you need to get those filed first so you have something to fight the copy cats with. 3. License your invention to a big company. If you do that then they will give you some type of protection because they have more money to fight. 4. Be highly selective of who you work with. Do a background check on them. Type in their name, type lawsuits, and complaints and see what comes up. Find out if that company is in the middle of a bunch of lawsuits or has a ton of serious complaints about them. 5. Don’t share confidential information with anyone before filing for some form of intellectual property. A provisional patent application is the best thing to get. You can do it yourself and it is very affordable. It gives you patent pending status for 1 year. 6. When you go to a company to share your idea with them, share the benefit first. Once they are interested have them sign an NDA (non-disclosure agreement). An NDA sets a tone of professionalism. Don’t get an NDA off of the internet and change the wording around yourself. Get one from a patent attorney that is tailored for me. 7. Leave a paper trail. Document every phone call, meeting, etc. document what they said and what comes next. 8. Out think them. Think of all of the ways that they may try to work around you with the same idea, but designed differently and file for patents on those ideas too. File intellectual property and file provisional patent application on all of the variations. 9. Understand all of the manufacturing techniques related to your invention. It’s really about manufacturing your idea at the lowest price point. You should file a provisional patent application on the method of manufacturing. Include those manufacturing details in the filing of the intellectual property filings. Find the cheapest way to make the product. 10. Understand the landscape of intellectual property in your particular field (relating to the product.) (search for prior patents.) Know what makes my invention different than the prior patent. Its possible that the patent is already made, but the actual product is not on the open market for whatever reason. If there is a prior patent, but the idea is not on the market, then something went wrong. Find out what went wrong and file my intellectual property on lines that make mine different than theirs. The company will likely say “hey there is already “prior art” on this so why would we pay you?” use that point of difference as a selling tool. 11. Hire a great attorney to help you with your intellectual property. Someone with a great reputation for drafting lots of patents. I can go to the USPTO and see how many patents that attorney has filed and how many he has received. If he hasn’t received very many you should probably find another attorney. Also ask them how do they work with patent examiners. He needs to be a charming person who can work with the patent examiners in those office actions.

Hey Steven,Thank you so much for what you do I appreciate you! I am an inventor and a hold three utility patents, if I may suggest, you might want to talk about the attorney you do higher because I went to the biggest patent attorney in Albuquerque and after 18 months I walked out with the same patent pending that I walked in with minus -$55,000. Take care keep on doing what you’re doing. Joseph

Top advice. Someone who has done it and knows how to protect, take his advice, this is the best you'll get.

You’re videos have been so helpful Steven. Thank you for doing this as another hustle to help others grow.

Make sure your NDA NON DISCLOSURE AGREEMENT INCLUDES A FIVE TO SEVEN YEAR NON COMPETE CLAUSE. ELSE YOUR LETTING YOUR REAR END HANG OUT IN THE WIND.

I liked two points: Out-think yourself - i.e. 1. think of the next improvement or close any window for someone to enter, and 2. Do a really thorough prior art search - it arms you with enough ammo to block potential competition. You're also much better prepared to respond when someone does cheat / copy. No unnecessary panic!

Can you elaborate on the manufacturing part in more detail please? I didn’t know you could file a patten on the method of manufacturing? How would that work? I find that particular part very interesting and would like to know more please.

Thank you so much for help! I am in the process of developing a product and I'm currently educating myself on my next steps.

Thank you . I learn a lot from your KZfaq videos for my commercialisation journey!

You shouldn't be fearful! You should be knowledgeable! First quote I liked in video!)

Thank you for your time putting out all these video's! I have already learned so much. Before your videos, I was so afraid of my Patent Shadow that I never dared expose my idea to the light of finally moving forward!

Your #8 is what I do with every idea I have. I call it Predatory Patent, do your best to box out the competition.

This is a great advice. Thank you!

This is one of those great videos with all those nuggets of information that I saved to my library. Cherry Pick 6 or 8 of all of the videos that they have their best suited for your taste and watch them repeatedly. The World Cup is coming

Thankyou Steven Key do much I've been watching your video so helpful and empowering 😊😁😎🙏🙏🙏🙏🙏

Many thanks .

Excellent point about using a patent attorney that can "sell" your invention to the patent examiner during an interview because this is critical.........If a patent attorney has no personality do not use them because, as much as the PTO might say that it is all based on the law, it is not. Patent examiners are human and will give more to inventors, and their patent attorney, if they like them!

You are dead-on regarding crowd funding. Nice job, Stephen.

ok Questions I hope Steven or anyone that knows can answer: 1. If I do a PPA what is to stop a company waiting the year out and just taking the idea? 2. If I have a PPA and I still have hopes to license it Can I renew the PPA? 3. If I can't renew, can I change it slightly and do a new PPA, and if so how much do I need to change it? It's funny because your videos have given me a lot of good info and knowledge I didn't have but at the same time scare me a little with how much I realize I don't know and don't want to screw up and lose out by making a mistake. Catch 22.

Thank You! Very Very wise advices!

Thank you.

You guys are terrific! So grateful for your information.

hey I really appreciate you taking your time to help people. You are a genuinely good dude.

Thank you Steven. With this huge experience, why don’t u open an office to help beginners and share them their royalties as a fee?

Thanks

I like the way you talking straight to the point. Excellent video

Great advice. Many Thanks.

Amazing content and amazing energy !! thank you !

If someone from Inventright can answer this: I have a product prototype and my production is scheduled to be made- I also have a patent- instead of calling several companies- I would like to get a hold of a certain celebrity- because my product goes along well with their product. How can I be connected to this particular celebrity?

Hi InventRight, former student and I wanted to know if you were planning another visit to Michigan Universities Entrepreneurs center. It was very humbling to meet Steven and David though I was nervous as heck haha! Thanks for all your knowledge through consistent attempts I will land a deal just waiting for the right one to find me. Anyway thanks and have a great New Years!

Binging ur vids ( doing the homework ) and decided to leave a note on a few. Haven't seen a bad one yet :) Love (what i think is a great take-away); replace fear w/knowledge.

stephen key the only key to best inventions !! ask me ..... i know !!! aloha from switzerland

I see how to search for my attorney on the USPTO website but I didn’t see anything about the number of patents he has filed for and received, where is that exactly? Thanks again for another helpful informative video

ty Steven King

Thanks So Much

This video was extremely informative.

So what do you do if someone steal your patent pending design after a month . I just release my item in October after filing provisional patent and release the product someone already stole my idea this month and start selling even my listing says patent pending. Thank you

Thank You sooo much😊

I am trying to find the forms to file a proventional patent.

Thank you for all your help ! My question is, if I don’t want to use the venture option? I’d rather go the licensing route. This is idea is a big one I’d like to get tech companies like Apple, or Samsung. It has a medical component to it. Any suggestions anyone?

thank you ......

Wow. Stephen love the point on manufacturing and I'm wondering if Arin and I should do that with our idea. Could it help us increase a royalty rate?

Should I file for both a utility and design patent PPA? I know utility patents are more powerful, but should I file for a design PPA after my utility PPA? Also if I come up with a little tweak to my idea, should I put in another PPA or wait until I have more solid ideas?

Hi Stephen thank you for such a helpful video! Can I license food and beverage products?

Stephen!! I followed your steps and I got a company to email me back asking to send my video presentation, images to review my product and to determine if they're interested!! What do i do?! Im excited, scared, nervous HEEEELP!!

Your awesome.

Stephen, your point 5. Intellectual property; If I file in one country, just provisional, what's to stop anyone then seeing that and then attempting the same in another country? It costs over 50k euro to file the world over, or will the one filing in your country count as "prior art" and therefore as an infringement everywhere else on the planet?

Ty sir💪

I was talking to my IP Solicitor and he advised me to buy your book, which I did. He also stated, you can licence your idea to companies and gain royalties. What percentage do you charge the companies?

I sat down with a patent attorney in Charleston, SC. and he just ask a few things about what I needed but talked more about his fees. I ask to sign a confidentiality form and he said " Not needed Im a patent lawyer " I went on showing a proto type, he liked it gave me a price list.. What he didn't know was my gopro was on video & voice it was on the table he saw it and I just said that was my way of confidential proof.. No need " I" got it covered.. To the point is its hard finding a PA close to work with that you can trust.

This man is gonna guide me to being a very RICH MAN.💯🙌🏿🙏🏿👊🏿

Hey Stephen really appreciate your channel. product im developing requires me to design a hinge as a key component.Do i need to have a sepreate PPA for that hardware or same as entire product?

When is it appropriate to find a patent attorney?

Read the article: www.entrepreneur.com/article/324629

Merry Christmas !! QUESTION: I live in England and I am reaching out to companies in USA in the next few weeks. I have filed PPA in the UK, will I need to file a PPA in the USA to protect me as the UK PPA does not protect me in the USA or Canada... Do I file PPA in the USA as well?

What about beauty products? Does licensing make sense for beauty products?

I ment, Thankyou so much 😁

My invention is currently bring reviewed for ASOTV, and I'm seriously excited because its definetely not seasonal, and it solves a huge problem that many people didn't know they had. I am interested in working with licensing circuits because I am a investor, entrepreneur, and have several companies I already have constructed into success. I chose licensing path because I need free time in order to keep creating more. Is there a way i can interact with you for possible future licensing?

Thank u

I filed a provisional patent application last year it got sent back to me 4 times, saying I'm missing this and I'm missing that.I should say I re-applied 3 times from scratch. They waste just enough time to try get you to pay for extensions. Seems the right hand does not know what the right hand is doing there. I wasn't missing anything. Very discouraging.

Hi Guys, thank you so much for the fantastic info, I do have a few questions which you may not have addressed as yet and would love it if you could possibly make a video on. I own a business that designs and makes a line of products currently and we are considering making an application to secure the licensing to make a new line of products with a company which owns a world renowned brand and the relevant IP. They have shown positive interest and asked us to put through a proposal. This is where I would really like advice on how to write that initial proposal, I know my industry backwards but I am completely unaware of the format that I would need to submit this proposal. How might I find out more about going about this? I'm finding limited info online regarding being on the flip side of the coin. Any help would be most appreciated! Kind Regards

Prior art?

you rock ty

Few people stole my few ideas, because I talk to everyone.

Is mixing two products which both companies benefit an idea? Or innovation?

how do you charge for your services

Great video but it's to late since my idea was to make this exact same video. But seriously I sent in 4 ideas back in 2017 to a site called called quarky or something and one is selling at Lowe's and the Snap wire connector set is selling on tv. two that I know of so far

There you go. I said it.

Hi Stephen, How can we protect ourselves from being ripped off from the DRTV companies? Or can we? Even the one's who will sign an NDA, it's their NDA and they know how protect themselves very well, it's always one sided. Do we say that with DRTV companies that's just the way it is and hope for the best?

How do you know who to sell the benefits to ?

How to legal prevent venture capital to stop copy steal your idea

If you want to license your idea to a company, should I file a provisional patent before sending the benefits information to the company? Do you need a drawing of the product on

I want to patent something I have already been selling so I think am already in danger of someone stealing my idea. I just ordered your book which I obviously should’ve done prior🙄 what is the first thing I should do? 😩 Do you guys have material covering this kind of situation? Videos? In your book? it’ll absolutely be too late by the time I get through any book. Ahhhhh!!!!!😱

Learned my lesson from Crowdfunding

I read some time ago that if they steal your invention, you should be very happy. #1. They proved that there is demand for it. #2. You have a company that you can license to, negotiate with or sue in Court. Is that right ? Also if you freely disclose and advertise your invention , if a company sees it and likes it, they are much more likely to contact you for licensing for a low %, instead of stealing it. Most companies rather pay you a small % royalty than bother with expensive time consuming legal headaches. Is that right ? Also in this case if they steal it, back to top paragraph.

can referencing other patents in your provisional patent application be a tool against others trying to circumvent said ppa?

Can a Canadian file a ppa

A patent is only good if you have "bank" to back it or to litigate. Most companies have a legal team that would tie you up like a pretzel in time, resources and $$$, which most of us don't have, especially $$$.

You did not mention the foreign markets and China has been making copies of other inventions and copyright infringement, shoes, dresses hand bags are common in the market place. My idea is different as I sell off what my invention makes. So I want to keep this a trade secret and reap the profit for many years of being on top of the market. I can do it much more efficient and thus many will be hard to compete. Ideally as I put the lower cost (more efficient) into the market they will go broke and I can sell them short and reap the profits. As all inventions there are new improvements over time. So I do think the efficiency will increase. I do see markets getting super tight and low profit margins in the capitalist systems. Heads will roll and managers must be a wear of the changing ways and market movements. The future belongs to the most efficient society.

Can I do business with a company while having a ppa and not a patent?

What do you think about Davidson’s?

I applied for provisional patent and sent the information to myself thru the Mail, Notarized, then talked to a Co. who told me they have NEVER ripped off a potential inventor. I had they send an NDA, I signed & notarized, sent back. They thought my idea fresh, new and said they never thought of doing anything like my idea. Next thing I know, I was cut out and told my idea was not protectable, and they were not going to sign the NDA. Hmmm. I don't have $$$ to go after them, Now what.? So YES, Do worry you are going to Robbed, You probably will be. William Bissell

Hey do you work with anyone on some good ideas because I can use some help

If I made another comment, googlepatents.com is another good resource to research before you start spending money on a patent, The invention that you thought was original might have been patented 30 40 50 or 100 years ago and therefore you can just manufacture it without spending money on attorneys if that’s what you want to do. I’m just trying to share some of my experiences and save others some heartache and some “wallet ache”, take care, Joe

Key point is : If you nailed a revolutionary invention do not ever speak about it and use it for your self only.No troubles and no issues.If God gave you a chance to make it then be even smarter to grow with it without chasing milions for it.Peace is priceless.Find a way to make you grow through starting your own company or through selling it as idea or a project or simply to make it and use it for your self only.Sometimes world is not worth of your invention and your suffering because you made it.

What about when one year expired patent?

You da man!

If you have an ORIGINAL idea (Not on the market) ... How do you search patents for the same idea OR even create a provisional patent when you haven't even thought of a name for yours yet

Bottom line: know your stuff, protect your stuff, be a professional.

This KZfaq page is educating and creating millionaires, billionaires, and otherwise SUCCESSFUL people! (Regarding inventions and Intellectual Property)!

👑

I feel the best way is to have enough mony to do it yourself . and keep the price that cheep that no one will be doing it .......

What companies are good? That's what I want to know.

So who can we trust?

I have 3 invention ideas. Can you just call a company and tell them your idea and then they give you money???

Great video! What would you recommend if a youtube influencer shows your patent pending invention as their design and gives it to China to manufacture? Oh, and then every business in China starts selling it too?

hi there ...i'm nadia major from Bahamas...need help

Maybe you are the first who ripping off people for money 🤑💰🤑💰

👍🏼✅

💞