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Protecting your business

5 Tips on Researching Your Invention or Idea Before You Patent

Written By SCORE "Counselors to America's Small Business"

 

  1. An idea, without knowledge of how to make it work, is not patentable. You must be able to present an illustrated description of a specific useful product, which achieves the desired objective, in sufficient detail to enable others to make and use it.

  2. Even then, not every invention is patentable. The U.S. Patent and Trademark Office Web site at www.uspto.gov sets forth applicable requirements and procedures.

  3. A patent takes 1½ years or more to obtain, expires within 20 years and is not renewable. Total costs are typically $8,000 or more, about 50-50 government and attorney fees.

  4. Beware of invention promotion scams. Read the Federal Trade Commission's warnings on such scams at www.ftc.gov.

  5. U.S. patents have no effect elsewhere, but a U.S. patent can be used to block importation of infringing products from abroad. Foreign patents are harder and more costly to obtain.

Brought to you by SCORE, America's small business mentors, at www.score.org.
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Author SCORE "Counselors to America's Small Business":

SCORE is America's premier source of free and confidential small business advice for entrepreneurs. We offer advice online and in-person at one of our 364 offices nationwide. Get biz advice today.

SCORE "Counselors to America's Small Business" is a nonprofit association dedicated to educating entrepreneurs and helping small business start, grow and succeed nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA).

SCORE's 12,400 volunteer counselors have more than 600 business skills. Volunteers are working or retired business owners, executives and corporate leaders who share their wisdom and lessons learned in business.

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