Ideas are incredibly treasured. Billion dollar businesses are often built on a single clue. Lots of million dollar businesses are too. So if you have a high quality idea, you should do one of three things with it: patent it, keep it secret, and publish it.
The suggestion to patent an idea, or take care of the idea a secret, is more than likely not a surprise. Why would anyone publish a priceless idea? To understand why publishing is advantageous, one must first understand the why patent or keep secret an idea.
Patenting an invention provides each patent holder the in order to prevent anyone else from using that invention. The patent makes the idea worth more because the patent holder has a legal monopoly. Competition can be restrained to greatly increase profits. In addition, after one files to patent an idea, no one else receive a patent for that idea. Patents can also be employeed to ward off product patent patent infringement lawsuits.
Unfortunately, patents are also expensive. Patenting excellent ideas can be prohibitively expensive, for large corporations. Still, one's best ideas should be protected with a obvious.
The biggest downside of a patent, besides cost, is any particular must disclose the idea to get the patent. For many inventions this isn't important. For example, for your price of the product, everyone view the inventive improvements to a new television set quite possibly more efficient carburetor. However, if the invention is any situation that is hard to see, like a lower priced way to produce high-grade steel or route cellular telephone calls, then proper invention public having a patent might do not be a good idea. Instead, it may be more profitable to take care of the idea a secret, protecting the idea without a certain.
Using trade secret laws, one can stop employees other people that learn giving from you from profiting from the site. Patents expire are 20 years, but secrets never expire, so a secret could theoretically last forever. Unfortunately, trade secret laws will not protect your secret idea if someone else discovers it patent idea one her own. Worse, if someone else did discover your secret, she could try to patent the idea.
Publishing an idea shares advantages and downsides with both patenting and secrecy. Like keeping an idea secret, publishing is basically free. Like a patent, publishing also protects by preventing others from patenting the idea. As quickly as an idea is published, 1 else in society can patent that it.
However, in the United States, the inventor still has one year after publication to file a patent application. So you could publish your idea, preventing every else from patenting it, and then wait a year before filing to acquire a patent. This essentially gives the inventor free protection for a year.
If an inventor doesn't file for their patent on band is supposed to within a year of its publication, the idea becomes part of the islands domain. However, even in the public domain, a published idea is still valuable intellectual property. The published idea is prior art that will be used to invalidate patents that are asserted against the inventor. In fact, a published idea is just as useful as a patent in invalidating other patents.
If you don't patent or keep secret an idea, you should publish it. There are how to patent an idea seven billion people in the world, along with generate two million patent applications every year, plus countless other publications. Someone will have your idea soon. Ideas that you don't patent should be published to prevent others patenting exact same idea and perhaps latter suing anyone.