If you are currently pursuing an idea that you have for a new product, business, or service, and you worry that someone has already thought of it or will want to steal your idea, you want to get the idea patented. There are a lot of different things that you should take into consideration when sharing your ideas with anyone, and you want to limit exposure of the idea. Here are the actions you want to take if you want to turn this idea into a reality.
Confidentiality Notices
How many people have you talked with about your idea, or how many people are working on the idea for you? You want to have all these people sign confidentiality notices right away to be sure that they aren't tempted to steal the idea that you have, sell it, or claim that it's their intellectual property and not yours. You can get those online or from a local law office.
Patent Attorney Consultation
Arrange to meet with a patent attorney so you can start to get legal documentation that this is your idea that you came up with on your own. An attorney like those at Lingbeck Law Office can help you patent your idea, so you can start turning your idea into a business and to make it profitable. The patent attorney will tell you if your idea can be trademarked or patented, what steps you need to take to pursue it and more.
Financing Options
Look into the costs you'll have to dish out to get the project going. You'll want a breakdown of the expenses so you can share the information with anyone that is interested in becoming an investor or a partner in your company. If you are already working with a bank, apply for a loan to see if you can get the money to get your idea off the ground.
There is a lot that goes into launching a new product, application or another idea. If you're not sure if your idea is worth the investment, or if someone else has already put a patent on it, you want to talk with a patent attorney so you can the facts. Make sure that you have disclosed the information about the product you want to invent, and that someone is isn't running around trying to make your idea a reality before you can, and set up that first legal consultation as soon as you can.
