Business Law

When an inventor eventually does file a regular patent, they will do so for a product that they know will sell and earn profits and at the same time the product is protected from copyright infringement. The validity of the Provisional Patent application starts from the date of filing the application, and is non-extendable.

Licensing is an entrepreneur's dream: it's the opportunity to make money from someone else's success. As a business owner, here are two ways that you can make money from licensing. Does your business allow you to use one or the other (or both)? Can you build this great idea into next year's business plan?

Since I have been in the business of product development for almost 40 years, I have certainly had many learning experiences. Here are a few of the lessons I learned:

When you build a product, take steps to protect it. Here's how to get started.

Patenting can cost thousands of dollars, but it may save you millions.

A checklist of what you will need when pitching your ideas to investors.

Part 2: How to build and price your products.

A picture, or better yet, a physical model, of your product can help you sell much better than a description of it.

How to decide whether to start your own business.

Know what you can and can't do with your proprietary material.