Inventors Handbook

© Copyrighted, All Rights Reserved. 2008 3

He who builds a better mousetrap these days
runs into material shortages, patentinfringement
suits, work stoppages,
collusive bidding, discount discrimination--and
taxes."
H. E. Martz

This is patently absurd;
but whoever wishes to become a philosopher
must learn not to be frightened by absurdities.
Bertrand Russell (1872 - 1970)

Everything that can be invented has been
invented.
Charles H. Duell, Commissioner, U.S. patent
office, 1899 (attributed)

Inventors Handbook

© Copyrighted, All Rights Reserved. 2008 4
TABLE OF CONTENTS

Introduction, Foreword, Overview And Layout Of The Book 4-7

Creation And Birth Of Ideas, Innovations, Patents And Brilliant
Million Dollar Thoughts, Products And Services (From Need To
Needed!) 8-18

Defining And Protecting Innovation – THREE QUESTIONS 18
- Is There A Need For This?
- Is This A Truly Original Idea?
- What Is The Potential Of This New Idea Of Patent?

Patents, Copyright And Trademarks 20

Packaging, Pitching And Presenting Your New Idea Or Patent 21

Securing Capital, Funding And Dollars 24

The Intricacies And Complexities That Are Contracts And Profits 27

New Economy And Online Marketing, Virtual Marketplace 30

How Licensing Helps You Optimize Your New Idea, Patent And
Innovation 31

A Frequently Asked Question About Ideas, Patents And New Ideas 32

Conclusion 33-43

Glossary 44-50

Resources 50-54

To invent, you need a good imagination and a pile of junk.
Thomas A. Edison (1847 - 1931)

Inventors Handbook

© Copyrighted, All Rights Reserved. 2008 5

Introduction, Foreword, Overview And Layout Of The Book
For most of us coming up with our ideas, especially innovative ones
sometimes seem like the easy part of doing things and making money off it,
the harder, more challenging part of the equation and process! Both can be
challenging.
These days, working smarter, NOT harder, seems to be the way to go.
Commodities, products, as well as innovations change with the times and
advancements in society. New needs and demands drive the market and
many capitalize on these types of opportunities.
There are THREE main ways you can profit from a new idea:

Licensing to a manufacturer

Licensing to a full service firm

Manufacturing your product on your own
It is all about limiting your exposure and financial risk as the ‘inventor’ .
This guide is about how to make the most of your patents and new ideas.
How to capitalize (make it count FOR YOU!) on what the market has to
offer, tapping your ingenuity, innovation and invention, for all it has to give
and MORE! It would attempt to answer some of the more practical questions
surrounding how to get a million dollar idea to market, profit and pocket!
But, what is an ‘idea’ and what does it have to be, in order for it to be
considered ‘NEW’ or patentable? How can we make the most of these
ideas?
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© Copyrighted, All Rights Reserved. 2008 6
These TWO questions will form the core of this brief musing provided here.
Coming up with and making these ideas count, making money off them!
How we deal with these ingenious IDEAS, moments, planned or otherwise,
is enabled, regulated and governed by intellectual property rights and patent
law.
Patents have a direct relationship with ideas! How we bring them to market,
how we improve them and how they are executed an dealt with in business
is at the center of our musings here. Intellectual property and/or copyright,
exclusivity or legal monopoly on ideas, relating to the use, copy,
production, sale or other form of profitization from the idea or idea itself.
Copyright for example does not pertain to the intellectual ‘rights’ or
properties of an idea, just the usage and application of same. In business
there are complex guidelines and rules governing ideas. Here are some
examples of them:
The FREE online encyclopedia (www.wikipedia.org) defines an idea
(Greek:
) as a specific thought which arises in the mind. We would
argue, in order for it to be new, you will either have to be the first person
ever to think it up, OR be the first to market, to capitalize on it!
We can come up with ideas all the time because of our human capacity for
reason and self-reflection. Ideas give rise to concepts, which are the basis
for any kind of knowledge, invention, innovation etc. Ideas can also
happen spontaneously as well, without reflection or planning, sheer
genius in-the-moment! All is possible…WELCOME TO THE WORLD
OF NEW IDEAS!
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© Copyrighted, All Rights Reserved. 2008 7
(i) Confidentiality agreements
(ii) nondisclosure agreements
(iii) legal instruments that assist corporations and individuals in
keeping ideas from escaping to the general public.
(iv) covered by contract law

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