Many people are under the impression that a patent is an easy
road to getting rich. A commercial is running on TV right
now depicting poor inventors who missed out on lots of money
because although they thought of the greatest invention, they
didn’t patent it. This commercial is for a company known
in the trade as an "Invention Mill." I will not name
the company or any other company for that matter, but I am sure
that you are familiar with them. The problem with these
companies is they imply that they can take you through every
step necessary to make money off an invention. In general, this
is a "too good to be true" offer. The best way
to obtain protection for your intellectual property (IP) is to
seek help from either a patent attorney or a patent agent.
The difference between a patent attorney and a patent agent
is that a patent attorney is a member of at least one state bar
as well as the patent bar and is therefore an attorney, where a
patent agent is a member of the patent bar only and is not an
attorney. In my opinion although I am a patent attorney, either
one is really just as good for almost all IP issues. Of
course if you need some help incorporating your business or you
need to stop an infringer, you need an attorney. To finance your
invention, you need investors or bankers or family members etc.
To build your invention, you need to find a good
manufacturer for your product.
Unfortunately, although it would be great if there really was
a company that could put this all together, in my experience it
doesn’t really exist. This is not to say that there are not
associations and chambers of commerce, etc. that can’t help
you make contacts and network. I encourage all inventors
to join such associations. They are a really good resource, but
they will require you to get out there and do the footwork.
The companies that promise you lots of money by just
submitting your idea to them just isn’t true for 99.9 % of the
inventors. I have seen the testimonials of a few
individuals who claim that some company did that for them, but
it is hard to verify and in general, if you are going to make
money off your invention, you have to get out there and be a
promoter. There is no magic company that can provide
everything. In this issue of the Patwrite IP Newsletter, I
will begin the first of a series of articles on the basics of
patents. You can consider this Patent 101. I will start out with
some basic definitions and give you an idea of just what a
patent is and is not.
First, a patent is not a "gift" from the government
to make you rich. When the founders of our nation met to draft a
constitution, a leading American intellectual by the name of
Benjamin Franklin was very impressed with the role that science
plays in advancing a nation. Many of the founders were a product
of the scientific revolution that had begun in Europe and was
especially evident in the French Revolution. The idea of how
best to promote the advance of science and technology was
debated. However, as a nation they were also acutely aware of
the monopolistic hold that both the "crown" and the
trade guilds had on society in Europe. We as a people wanted
freedom and the founders took a dim view on monopolies. As our
nation has grown and matured, we still have a deep seated
distrust of monopolies and Microsoft has most recently
experienced the result of our effort to ensure free competition
in the market place. In the past the phone company was broken up
into all the baby bells, etc. So in the context of competition,
what about a patent? It epitomizes the opposite result. It gives
the inventor a virtual monopoly on his or her invention.
Why would our government grant a patent given our strong
distrust of anything monopolistic? The founders of our nation
decided that the best way to encourage the national intellectual
growth and prosperity was to promote the "Arts and
Sciences" by allowing inventors to profit from their
inventions while requiring them to disclose as much as possible
about their invention. That is the basic purpose of a patent; to
increase the knowledge base of the nation. It is not
because Uncle Sam wants to be nice to inventors, it is because
our founders felt that inventors needed to be encouraged to
bring their inventions to market and the grant of a limited
monopoly was the tradeoff. Knowing the basic purpose of
the patent helps you as an inventor to realize what a patent is.
It is first and foremost a document that tells the world
how to best make your invention. Second it also allows you a
limited amount of time to control your invention. In the
United States you have twenty years from the date you first file
your patent application to exclusively control the making and
selling of your invention.
In the next article, I will discuss the patenting process in
the United States and give you an idea of what to expect in the
typical patent application.
Mark David Torche
Patwrite (866) 42-IPLAW (866-424-7529)