Patent Pending Made Simple Outlier Patent Attorneys

In this episode of Patent Pending Made Simple, Jamie and Samar interview Stephen Key, one of the foremost experts in the world of patent licensing.  They discuss the patent licensing process, the role of a provisional patent application in that process, steps to bringing an idea to market, prototyping, prior art searches, and so much more!
SummaryStephen Key, a patent licensing expert, shares his insights on how to protect and commercialize ideas. He emphasizes the importance of focusing on the benefits of an idea rather than just the features. Key recommends starting with a Google search to see if the idea already exists and then reaching out to companies that may be interested in licensing the idea. He suggests using tools like provisional patent applications, sell sheets, and videos to test the market interest before investing in prototypes. Key also discusses the importance of teamwork with patent attorneys and agents to create a valuable patent.
TakeawaysFocus on the benefits of an idea rather than just the features.Start with a Google search to see if the idea already exists.Reach out to companies that may be interested in licensing the idea.Use tools like provisional patent applications, sell sheets, and videos to test market interest before investing in prototypes.Work with patent attorneys and agents as a team to create a valuable patent.
00:00 Welcome to the Patent Pending Made Simple Podcast00:15 Introducing Stephen Key: The Patent Licensing Expert00:48 Stephen's Journey: From Ideas to Innovation03:16 Demystifying the Patent Process for Inventors04:35 The Initial Steps of Bringing an Idea to Market07:12 Licensing Ideas: Stephen's Strategy for Success08:42 Prototyping and Testing: Essential Steps Before Patenting11:38 The Power of Provisional Patent Applications14:05 Testing Your Invention in the Real World17:17 Stephen's Advice on Prototyping and Filing for Patents19:55 Navigating Patent Applications: Insights and Strategies20:40 The Importance of Matching Claims with Business Objectives22:10 Leveraging Patents as Negotiation Tools23:29 Crafting Patents with Manufacturing and Detail in Mind27:01 The Role of Prior Art in Shaping Patent Strategy27:28 Building a Strong Team Beyond the Patent28:28 A Real-World Example: Overcoming Prior Art Challenges33:32 The Art of Patent Writing: A Collaborative Approach36:55 Closing Thoughts and Appreciation

What is the difference between a patent and a license?In this episode, Jamie and Samar discuss the differences between a patent and a license.  Topics include:
Key differencesDo you need an issued patent to get a licensing deal?Are there benefits of securing a licensing deal during the patent pending phase?Overcoming fears and uncertainties around licensing an inventionWhat is a license (a contract that allows someone to use your patented invention in exchange for payment)Licenses can be exclusive or non-exclusiveMost common patent licensing deal structures (lump sum payment, royalty rate per unit sold, percentage of profits)Finding potential licensing partnersTips for writing a patent application with licensing in mind (understand potential partners’ portfolios, draft claims accordingly)Timestamps:0:00 - Introduction2:30 - Do you need an issued patent to get a licensing deal?5:15 - Overcoming inventor fears about licensing7:00 - Defining what a license agreement is10:30 - Exclusive vs. non-exclusive licensing12:45 - Typical licensing payment structures15:00 - Finding potential licensing partners (teaser for future episode)17:30 - Writing patents with licensing in mind

Happy Thanksgiving to all! On today's episode, Jamie and Samar discuss the top mistakes that inventors make in writing and filing their provisional patent applications. For show notes, visit: https://outlierpatentattorneys.com/top-mistakes-provisional-applications

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In this episode of the Patent Pending Made Simple Podcast, Jamie and Samar discuss patent related deadlines, including:

The importance of patent deadlines (00:00-01:56)

Pre-filing Deadlines (01:57-02:55)

Public Disclosures and Associated Nuances (02:56-10:13)



Post-filing Deadlines (10:14-10:49)

Responding to Final and Non-Final Office Actions (10:50-19:14)

Other Deadlines (19:15-19:56)



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In this podcast episode, the hosts Samar Shah and Jamie Brophy are interviewed by Jamie's two sons, Griffin and Jordan. The boys have questions about patents, which they ask during the episode.
They learn that a patent is a legal document that gives inventors rights to protect their inventions from being made, sold, or used by others. The process of getting a patent involves writing a patent application and submitting it to the Patent Office for review. It can take several years to obtain a patent due to the backlog of applications at the Patent Office. The cost of obtaining a patent, and more.
Once you have a patent, you need to mark your product as patented when selling it. This notifies others that you have the exclusive rights to the invention and discourages them from copying it. If someone does copy your invention, you can send them a letter asking them to stop. If they refuse, legal action can be taken by filing a lawsuit in federal court.
Overall, patents are important for protecting inventions and preventing others from copying them without permission. And, if someone does steal your invention, patents give you the right to sue infringers.

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