Confidentiality Agreements

In the last decade, patents have gotten a lot of attention. We think of them as denoting products that are “high tech.” We think of a lone inventor toiling away at a workbench, trying in Herculean fashion to solve some intractable problem. Lately, we’ve been taught to think of tech titan versus tech titan, battling for millions of dollars. Yet we do not often take the time to think about what a patent actually is, and what it is not.

Patents are awarded for specific embodiments of an idea, not for a general idea. That is why it is usually necessary that an inventor have a prototype before beginning the patent process. When you begin speaking to people about your invention, you must make sure that anyone you speak to will sign a confidentiality agreement and make sure that you maintain the rights to your invention, by having anyone that you hire to help you, such as the patenting agency like InventHelp, sign the Work For Hire agreement.

If you disclose your invention to others without having a Confidentiality Agreement signed, you may begin the ticking of a one-year grace period within which you must file for a patent. Also, you may affect your rights to apply for patent protection in foreign countries if you disclose your idea before filing for patent protection.

Under US patent law, patents must be filed in the name of the actual inventor. If you hire someone to assist you with the development of your product, they may invent improvements that would require them to be named in your patent application. A Work For Hire Agreement ensures that you maintain all of the rights to the patent.

InventHelp agency is all you need to get started on the road to profiting from your ideas.

Leave a comment

Your email address will not be published. Required fields are marked *