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Q: How do I prevent someone from stealing my idea? I want to show it to a company next week but its not patented yet...
A: That's a tough one. Before you show it to them, ask if they'll sign
whats called a 'confidentiality agreement'. The agreement basically
names your invention and verifies that on such and such a date you showed
it to them with the understanding they wouldn't disclose it to anyone
or use it themselves without compensating you. But sometimes companies
will refuse to sign it. Theyre afraid they may already have a similar
product in the works and they dont want to restrict themselves.
They may even act insulted, but an 'honest' company will understand your
concerns even if they refuse to sign.
An additional option is what is known as a 'Poor Man's Patent'. (I know,
I know, it should be called the 'Poor Persons Patent' but, hey,
we cant change the world overnight). You describe your invention,
with drawings or photos if possible, seal it in an envelope and mail it
to yourself by regsitered mail. Make sure the post office date-stamps
it on the back with their date-stamp covering the sealed flap of the envelope
(that way, if you ever go to court, the judge can verify it's never been
opened and altered.). When it arrives at your door, you sign for it and
file it in a safe place without ever opening it! Since I do this regularly,
(pathetic, but fun, and its affirmative) I have collected tons of
envelopes. So, which invention is in which envelope? I write the name
of the invention on the outside of the envelope as a reminder! Remember
- the Poor Mans Patent only proves you had the idea on a certain
date. You may not have been first, however! And thats the curious
thing about inventions. Ever noticed how lots of poeple seem to get the
same idea all at once? If you tried to defend it in court youd need
tons of money for legal fees, so presumably you wouldnt be 'poor'
- you'd have invested $20,000 in a proper patent to start with, right?
Its a catch 22...
The best advice I can give is to identify the best company to work with
and then trust them. When they say 'ideas are a dime a dozen', they mean
an idea is important, but it's only the beginning... successfully getting
it to market is the key. Besides, you have lots more ideas where that
one came from.
Best regards,
Inventor Mentor
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