Should you get a patent? What are the biggest pros and cons? Watch for find out! (FREE resources included below...) ⏬ Registered USPTO patent attorney, J.D. Houvener from Bold Patents Law Firm, talks about the advantages and disadvantages of patents!
Below we have provided resources and timestamps with brief explanations for each aspect of this subject.
Quickly find what you are looking for by clicking on the timestamps below.
➡️2:04 Pro #1: 20 Years of Protection
✔️For two decades, only you can make, sell, or import your invention!
➡️2:28 Pro #2: License to Transact
✔️If you don’t want to make your invention yourself, you can make money selling patent rights.
✔️You can also license just the abilities to sell or import.
➡️2:57 Pro #3: Getting It Off Your Chest
✔️Keeping your intellectual property under wraps longterm can be very difficult!
➡️3:32 Con #1: Cost
✔️Patents are a significant monetary investment.
✔️Working with a patent attorney, your cost will be split up over time and will almost definitely pay off in the end.
➡️4:25 Con #2: Time
✔️There is also a significant time investment to keep in mind.
➡️4:59 Con #3: Trade Secrets Instead?
✔️If your invention isn’t reverse-engineerable, you may want to consider protecting it as a trade secret instead.
✏️ BONUS RESOURCES✏️
🔹 Check out our detailed blog article that explains the advantages of patents:
🔹 Check out the blog article and video on the cost of patents:
🔹 Check out the blog article and video on how long patents take:
🔹 Ready for the next step? Learn how to patent an idea!
🔹 Get your FREE "Inventor’s Guide to Patents:"
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