What should inventors know about their new ideas?

On Behalf of | Sep 13, 2021 | IP protection |

A new idea can come from anywhere. You may discover that a difficult task at home could be simpler, or you may find a new way to manage your projects at work.

After the initial excitement of the idea, it is time to start tinkering with ways to make it part of your reality. As you work, you may find that your invention could be helpful for others with the same challenges.

Here’s what you should keep in mind as you develop new ideas for your invention.

Get it on the record

There are several myths and half-truths about how to protect your idea and your work. As you work through the initial idea, it is essential to create a record that includes:

  • A clear description of your invention
  • Your signature
  • Two witness signatures
  • The date

Creating a detailed and dated record of your initial idea can help you support a claim if there is a competing claim when filing for a patent.

Safety in secrets

Sometimes you do not know how loyal someone is until they have an opportunity to get ahead at your expense. While you may be excited to share your invention, you should be cautious about sharing your idea. Even if you know your friend will not take your idea, they may share it with someone who could.

When you decide to share your idea with a close friend or family member, you should ask them to sign a non-disclosure agreement. A non-disclosure agreement will protect you if a friend shares your idea with someone who decides to take advantage.

Know (or learn about) your market

An idea to make a task or project more straightforward may seem beneficial. Still, it may not be worth pursuing if the solution is not in demand.

Before you start investing significant time and money into your idea, you should also investigate whether your invention is truly a novel idea. Often, many ideas are slightly different approaches to another invention that already exists.

While you are researching, it is critical to start considering your market. Learn what you can about people who would be interested in buying your proposed solution.