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    Great Invention! Now What?: Evaluate, patent, trademark, and license your new invention
    Great Invention! Now What?: Evaluate, patent, trademark, and license your new invention
    Great Invention! Now What?: Evaluate, patent, trademark, and license your new invention
    Ebook120 pages44 minutes

    Great Invention! Now What?: Evaluate, patent, trademark, and license your new invention

    By Charles B. McGough

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    About this ebook

    Great Invention! Now What? gets your best new idea to the marketplace fast. This quick-read will ask you the key questions every inventor needs to answer. You'll get steps to evaluate the marketability, easy tips on patents and trademarks, lessons on how to license your product, invention or ideas at any stage. Author Dr. Charles B McGough is a veteran chemical engineer and inventor of products selling at major retailers including Sam's Club and Lowe's. He has six issued patents, one trademark and seven provisional patent applications. His products currently available at retailers sell in millions of units.
    LanguageEnglish
    PublisherSelf-Counsel Press
    Release dateApr 15, 2015
    ISBN9781770409507
    Great Invention! Now What?: Evaluate, patent, trademark, and license your new invention
    Author

    Charles B. McGough

    Dr. Charles B. McGough has a BS from Gonzaga University and MS and PhD degrees from the University of Pittsburgh, all in Chemical Engineering, twenty-five years in senior management positions in large U.S. technical corporations, fifteen years as president of two industrial laser companies, six issued patents, one trademark, seven provisional patent applications, and many publications. One of his products, which is currently sold nationwide in Lowe’s, Sam’s Club, and other outlets, is rapidly approaching one million units sold, and several of his other new products will soon be distributed nationally. Dr. McGough and his wife Elizabeth have four grown sons and live in Savannah, Georgia.

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      Book preview

      Great Invention! Now What? - Charles B. McGough

      Chapter 1

      The Inventor’s Yellow Brick Road

      This is an exciting time for inventors! On September 16, 2011, the Leahy-Smith America Invents Act (AIA) was signed into law. This act marks the first significant change to United States patent law in 60 years. Among its provisions, the new law allocates additional funds to the United States Patent and Trademark Office (USPTO) so it can hire more examiners to reduce its huge backlog of patent applications.

      When President Barack Obama signed the bill into law, he said, Somewhere in that stack of applications could be the next technological breakthrough, the next miracle drug. We should be making it easier and faster to turn new ideas into jobs.[1]

      Many Americans today have had at least one great idea for a new product. These ideas are inspired by work, hobbies, recreation, sports, TV, children, travel, medical experiences, or from simply walking around and observing what people do and need in their everyday lives. Our country has, arguably, the most innovative and creative society in the world. We are a nation of problem solvers, and we solve many problems by inventing exciting new products.

      This book was written to help the creative but inexperienced independent inventors who have ideas for new products for consumers and industries. These products may include ideas for new and better tools; board games; manufacturing fixtures; toys, computer games; garden items; athletic equipment; environmental products; hobby aids; apparel; kitchen items; auto accessories, cookware; holiday decorations; medical devices; electronic gadgets; agricultural or farm products; and dozens of other new inventions for work, play, and everyday living.

      Although new product ideas will differ greatly, the fundamental steps necessary to evaluate, protect, and market them are quite similar. Depending on the idea, the details will vary in the application of these steps. The sequence and actions, however, will remain basically the same for all.

      Many creative people ask: I have this idea for a great new invention. But now what? How do I turn it into a successful new product? New inventors are often afraid of explaining their products to others and then having their ideas stolen. These inventors have only a vague understanding of patents and trademarks. They don’t know if, when, or how to hire a patent attorney; and they don’t have a clue as to how they can successfully market their ideas.

      Do not be intimidated. This little book will help you, the new independent inventor, to navigate your way step by step through this scary maze. It is designed to help inventors turn a great idea into a successful commercial product. However, as important as it is to protect an idea with a patent, there are other tasks in this book. The chapters will help you through the complex process of of evaluating your idea, building and testing a working model, obtaining a trademark and patent and finally, finding a good licensee. The book will not force you to wade through a lot of nonessential verbiage, but rather it will help you stay focused like a laser beam on your true objective: To develop and make some money from your great new invention!

      This book tells you not just what to do, but also exactly how to do it. It will help to guide you, chapter by chapter, down the inventor’s yellow brick road to a successful commercial product. Some of you will make it all the way, while others may simply want the fun and satisfaction of getting the idea patented and trademarked.

      Readers of this book will find the steps helpful for pursuing their ideas while minimizing money spent on patent attorneys. Patent attorneys typically charge $200 to $300 per hour, and the cost of having them fully prepare and obtain your patent may cost $5,000 or more.

      To work through the chapters in this book, you will require the following:

      • Access to a computer with an Internet connection and browser (e.g., Chrome or Explorer) and search engine (e.g., Google), word processing software (e.g., Microsoft Word), and a good printer. You don’t have to be a computer expert, but you should be able to use these tools.

      • The ability to think and write clearly. This means you should be able to understand straightforward instructions and forms, and write in clear, plain English (not legalese or Pulitzer Prize-quality prose) to describe your idea and how it works.

      If either of these requirements exceeds your comfort level, and you don’t have someone to help you, consider enrolling in basic computer and business writing courses to improve your skills. After you have the basics, you will find it easier to proceed with this book.

      If you’re ready, let’s begin your independent journey down the inventor’s yellow brick road on the way to fame and fortune.

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