Advice for First Time Inventors

There are a lot of important steps that individuals have to take during the road of creating a product

before it will end up on the shelves of your favorite local store.

Lice

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g:• Whenever a product becomes licensed, it is considered to be an

agreement where another party will help develop the product or use it commercially for a contacted amount of time. There are a lot of benefits of doing this, but be aware of what you are signing in an agreement. Some companies do a one-time payout, and others give more money over time through sales, known as “royalties”.

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• This is the perfect course of action for all those out there who are still in the part of creation known as “the idea phase”. Having a copyright is something that will prevent someone else from putting out your invention first, even if you are still only in the beginning stages.

Patents:

• Idea Design Studio shares that any smart inventor will look into getting a patent for their product. It’s always a good idea to contact a patent lawyer early on, because in the end it’s someone that you will need by your side through the process, and also because in the end, it will be them who secures the actual patent for you. Requirements vary in different regions, but the best move is to get a provisional patent (one that gives you a year to finalize everything else).