StartPad Countdown 3 - (Patent Pending)
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Transcript of StartPad Countdown 3 - (Patent Pending)
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How can you protect an idea?
Trade Secret
•Unlimited time(in theory)
•Easy to lose
•Constant vigilance
Patent
•Limited time
•Hard to challenge
•Easy to maintain
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Trade Secrets
Generally require a binding agreement…
…with nondisclosure language (NDA)…
…that nobody wants to sign…
… and that nobody ever reads.
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Losing a Trade Secret
Try Googling “RC4 Source Code”
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Trade Secret Summary
Use in limited circumstances
Use for manageable periods of time
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Patents
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What can be Patented
“Anything under the sun made by man.”
U.S. Supreme Court in Diamond v. Chakrabarty
However, the invention must be:•New
•Useful
•Not obvious
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Patents are Exclusive
Infringers cannot:•Make
•Use
•Sell (or offer to sell)
•Import Last for 20 years from filing date
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Base Patent (ABCD)
Frisbee
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Improved Patent (ABCD+E)
Lighted Rotating Flying Body
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Why Obtain Patents?
A. Exclusivity in the marketplace B. Revenue from licensing C. Access to other IP/markets via
cross-licensing D. All of the above
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Parts of a Patent Application
Written description
Drawing(s)
Claim(s)
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Provisional Patent Applications
No claims needed Not examined
•“Option to buy“ a utility application in one year Useful for:
•Rush filings or when disclosure is imminent
•When the funds for a full utility application can be better used for something else
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Patent Coverage Territorial
• Patents cover only the region/country they are issued in.
• First to invent in the U.S.
Foreign countries:• First to file• “Absolute novelty“
International/Regional filing:• Less up front costs• Potential cost savings with less prosecution in
individual countries
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Good Patent Practices Keep Records:
•Conception date and details•Reduction to practice date and details•Diligence until filing patent application
Preserve U.S. and foreign filing rights by:•Early filing of a U.S. application•Maintaining work in confidence until U.S.
application is filed•Binding nondisclosure agreements