How do you preserve your trade secrets when shopping your invention? There are two popular strategies: file a provisional patent application (PPA) or use a nondisclosure agreement (NDA). Filing a PPA allows you to claim patent pending status and it preserves your place in line at the U.S. Patent and Trademark Office for one year. An NDA prohibits someone from disclosing your secret invention or its trade secrets.
Questions What remedies are available for patent infringement? When does patent protection end? What are the different stages of a patent's life? What constitutes infringement of a patent? What remedies are available for patent infringement? A patent owner may enforce his patent by bringing a patent
A license is an agreement in which you let someone else commercially use or develop your invention for a period of time. In return, you receive money: either a one-time payment or continuing payments known as royalties. A license of patent rights can be either an exclusive license (only the licensee
Questions What does it mean to "license" an invention? Can inventors who are employed by a company benefit from their own inventions? How can an inventor make money with a patent? What does it mean to "license" an invention? A license is written authorization to exploit an invention. An inventor usually