You Don't Need a Patent to License an Idea

Find Stephen's book "Sell Your Ideas With or Without A Patent" here: goo.gl/3rv9OT
Stephen pulls back the curtain on strategies to use to license your product without a patent - which the majority of inventRight students do!
There are also times when more protection is needed and he shares his experience obtaining more than 20 US and international patents as well as his successful case in Federal Court to stop infringement.
How do you decide when you need a patent? What is "perceived ownership" and how do you create it? How do you find a good patent attorney?
In this video Stephen introduces his book "Sell Your Ideas with or Without a Patent" which answers all these questions and more. Interested?
Invest in your own education.
goo.gl/3rv9OT
Bringing an invention to market? Let inventRight, the world's leading experts on product licensing, show you how. Co-founded by Stephen Key and Andrew Krauss in 1999, inventRight has since helped people from more than 60 countries license their ideas. Visit www.inventright.com for more information and to become their student.
Call #1-800-701-7993 to set up an appointment with Andrew or another member of the inventRight team to discuss how we can help you license your ideas.
New to licensing? Read inventRight cofounder Stephen Key’s bestselling book “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: amzn.to/1LGotjB.
Want to learn how to license your product ideas without a patent? Stephen's book “Sell Your Ideas With or Without a Patent” explains exactly how. Find it here: amzn.to/1T1dOU2.
inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.

[@sectormentor6265]

Great book Stephen! Everyone remembers One Simple Idea, but seem to forget this book for some reason!

[@healthmann]

I enjoyed reading “One Simple Idea”, now I just got “Sell Your Ideas With Or Without A Patent”, and I’m enjoying every bit of it. This has opened my eyes, and I’ve reclaimed my creativity. Looking forward to when I join. Thank you.

[@stephenkey3137]

Wonderful! Thank you for watching and reading!

[@inventRight]

Thank you for reading Health Man! If you would consider writing a review of the books on Amazon - if you have not done so - we would greatly appreciate that.

[@healthmann]

Stephen Key, I just finished writing a few reviews for the two books of yours that I read. My father had a big interest in this too, so I ordered him those books too.😀. Looking forward to when I can be a student. I would like to thank you and Andrew for everything you are doing, and appreciate anything your inventRight team shares too. 👍

[@rockskipper5353]

So perceived ownership (previsional patent) is good to start licensing a big idea?

[@DennisChambers113]

Hi Stephen, great content. Is it possible for a company to license your idea even without perceived ownership/provisional patent? Or is it absolutely required, legally, for me to get royalty out of the deal? I am asking this considering the company waves the potential risks and is content on licensing my idea. Sorry if this question makes no sense.

[@inventRight]

Interesting question. Andrew is going live on our channel today at 4pm Pacific to answer questions from viewers - please attend to ask and get your question answered! kzbin.info/www/bejne/oZKqm3SfibqLotU

[@kaylareid8247]

I have an idea so should I patent the idea and trademark the logo?

[@sanjanewmoonlife]

I also need patent application it last for 20 years,and after that I can renew again.

[@darrylryan5568]

I have filed a provisional patent application and have a receipt with an application number, however, I don't seem to be able to find the patent application anywhere on uspto website. Any ideas why?

[@inventRight]

The USPTO does not publish provisional patent applications.

[@pdub2762]

Ty sir💪

[@kalebdickson826]

Stephen, What if the company responds saying it's their policy to only review products if they are patented? Should I ask if a PPA will suffice?

[@inventRight]

In our view, they aren't serious about open innovation: www.inc.com/stephen-key/5-telltale-signs-a-company-isn-t-taking-open-innovation-seriously.html

[@TheDoubleO420Show]

Sweet dude

[@phoenixgautam3781]

Sir I dont have money to get a patent and neither do my parents support me about my idea and I want to sell it to tesla, can u help me with an advice

[@gregmay1392]

If your invention requires a disposable tank who would you consider calling? The products that fill the tanks or the companies that would build my invention that the tanks go on?

[@inventRight]

For licensing, you want to focus on companies with distribution. More here: kzbin.info/www/bejne/apK6pp6nm8yGmLc

[@joshdenton611]

The best way to protect your idea is to program a fault into the design. And if someone copies or steals the design..........it comes apart or financially buries whoever is stealing intellectual property from you. So, it backs them into a corner. Either A. they have to give you credit and money for your idea..........................or B. they have to "eat the cost" of the damage done by stealing.

[@inventRight]

Hi Josh, You mean if they copy the product exactly and there are letters or some kind of identifying marks in the mold or something? I'm not sure i fully understand. - Andrew Krauss, inventRight Co-Founder

[@eduardomatos2874]

How do you know if you have an idea or invention big enough to deserve filing a utility patent application for?

[@stephenkey3137]

Great question.Like I said in the video, inventions that required capital to implement and take most companies like to have a wall of patents. Usually in the packaging, pharmaceutical, auto etc. Any invention that has a short life span and doesn't require large amount of capital to produce I would file a provisional patent application then spend 1 year trying to licenses it.

[@eduardomatos2874]

Stephen Key I like the fact that you said that at the very least inventors should file a ppa. There a lot of inventors out there that think that you don’t need to file any ip at all and that don’t think to ask the companies that license their inventions if they are willing to pay for the filing of the patent applications and etc. because they erroneously believe that patent applications are a waste of time or think the companies won’t pay for it. I believe that it doesn’t hurt to ask during the licensing negotiations.

[@stephenkey3137]

@@eduardomatos2874 you should always file a well written provisional patent application. Thank you for watching!

[@wezzkeion7593]

Whats your take on design patents. Will this same idea work for a design patent.

[@inventRight]

You can use a design patent to help you license an idea. More on that here: www.inc.com/stephen-key/how-to-license-a-design-patent.html

[@moonlightmelodrama]

This is an infomercial.

[@inventRight]

You're right. We genuinely hope people read and benefit from Stephen's book "Sell Your Ideas With or Without a Patent": www.amazon.com/Sell-Your-Ideas-Without-Patent/dp/1507885733/

[@goggleboy2464]

"Noone ever makes money selling books" Wow that's hilarious.

[@sanjanewmoonlife]

What I need ? Can I patent my book?

[@pamcolechadwell1302]

Wish I Knew you sorry about this but I new Invent Help before I knew you! Anyway, so I paid Invent Help to check if my Idea was already out there and I didn't have to? Don't matter they broke me so my Ideas went to hell in a handbasket anyway!

[@stephenkey3137]

Always do a background check on everyone. Type in their name then lawsuits and complaints. Impossible to hide on the Internet today.

[@AnnaMishel]

The pet rock sold.

[@icecreamwednesday7862]

Are there any catch phrases or anything that should be looked out for in a contract when making a deal?? Anything that should be known when there is no patent attorney to help you??

[@stephenkey3137]

We see a signed licensing agreement once a week. We never use a patent attorney when negotiating a contract.

[@stephenkey3137]

You can obtain a licensing attorney. Very expensive. Once you bring your licensing attorney to the table, they will bring in their attorney. Not a great strategy.

[@joenieves3872]

Great way to sell your book

[@inventRight]

Glad you think so!

[@amypertimos7943]

Patents and license?

[@icecreamwednesday7862]

Can u get an invention licensed without a patent attorney?

[@stephenkey3137]

yes

[@icecreamwednesday7862]

Are there any catch phrases or anything that should be looked out for in a contract when making a deal?? Anything that should be known when there is no patent attorney to help you??

[@icecreamwednesday7862]

Thank you

[@icecreamwednesday7862]

Thank you

[@rtate5098]

Yes! I am a 39 year old nearly tech illiterate manual machinist from PA. I am also a former Inventright student who has done just that. I have since filed a utility patent on my invention. But, I made the deal first!

[@pennwood7]

Thisxwas called Home inventions, not watching chopping twigs, show invention working then go to next one..shorten example...

[@jamesallen4368]

I this guy real

[@inventRight]

Yes James, Stephen and i are real. Confirmed. ;-) - Andrew Krauss, inventRight Co-Founder

[@MA-oe1pu]

But wouldn't you agree that for approaching the DRTV companies, a published patent would be good. Some of these companies would be very happy to hear that you only have a PPA. Bunch o' Balloons had a patent and if they didn't, we know what the outcome would have been. And Ryan worked with the same DRTV company Telebrands and he also had a published patent. Otherwise......we know what would/could happen.

[@stephenkey3137]

DRTV companies don't care. Please watch this video kzbin.info/www/bejne/ZpnLp6SNaryegs0 Bunch o' Balloons have a patent, and they do have one copycat. They have spent $22 million defending their patent with no end in sight.

[@inventRight]

If only having a patent were enough to stop companies from copying you.

[@happyandhealthy888]

no they want tell that. it not true! no lawyer will tell that you have a patent if you don´t have it!

[@iWookie911]

Click bait videos to raise awareness on a product in order to increase sales only work with products/brands people actually know. Because nobody has ever heard of you, you just come off as disingenuous. 7 and a half minutes of "Buy my book" is absolutely worthless if we already have no knowledge or faith in your product.