can someone steal my patent idea so I got a great question for one of my
got a great question for one of my
got a great question for one of my youtube viewers love you guys Adarsh who
youtube viewers love you guys Adarsh who
youtube viewers love you guys Adarsh who wrote in to say let us consider if we
wrote in to say let us consider if we
wrote in to say let us consider if we have a totally theoretical idea with the
have a totally theoretical idea with the
have a totally theoretical idea with the viable business plan can we go out sir
viable business plan can we go out sir
viable business plan can we go out sir pattern for this theory you want to be
pattern for this theory you want to be
pattern for this theory you want to be put out on a particular domain possibly
put out on a particular domain possibly
put out on a particular domain possibly open to some pilferage threatened
open to some pilferage threatened
open to some pilferage threatened without benefiting us so Adarsh yes
without benefiting us so Adarsh yes
without benefiting us so Adarsh yes absolutely when you go for a patent you
absolutely when you go for a patent you
absolutely when you go for a patent you have to explain how your idea works
have to explain how your idea works
have to explain how your idea works right you have to lay out here is
right you have to lay out here is
right you have to lay out here is exactly how my idea works and there are
exactly how my idea works and there are
exactly how my idea works and there are people who go out and look at patents
people who go out and look at patents
people who go out and look at patents and just try to find one little tweak to
and just try to find one little tweak to
and just try to find one little tweak to it to say that it’s their own idea right
it to say that it’s their own idea right
it to say that it’s their own idea right so your patent can only protect a
so your patent can only protect a
so your patent can only protect a certain way of doing things and there
certain way of doing things and there
certain way of doing things and there are others who will go look exactly at
are others who will go look exactly at
are others who will go look exactly at that I want to tweak just a few things
that I want to tweak just a few things
that I want to tweak just a few things to get around your patent and then do
to get around your patent and then do
to get around your patent and then do the idea themselves the thing with a
the idea themselves the thing with a
the idea themselves the thing with a patent is it lasts 14 to 20 years
patent is it lasts 14 to 20 years
patent is it lasts 14 to 20 years depending on the type of patent that you
depending on the type of patent that you
depending on the type of patent that you go for if you’re super protective of
go for if you’re super protective of
go for if you’re super protective of your idea and you’re worried that you’re
your idea and you’re worried that you’re
your idea and you’re worried that you’re not gonna get paid for it the only other
not gonna get paid for it the only other
not gonna get paid for it the only other options that go with what you consider a
options that go with what you consider a
options that go with what you consider a trade secret right you look at coca-cola
trade secret right you look at coca-cola
trade secret right you look at coca-cola you don’t know what their recipe is
you don’t know what their recipe is
you don’t know what their recipe is right they’ve had it for over a hundred
right they’ve had it for over a hundred
right they’ve had it for over a hundred years you don’t know what the rest
years you don’t know what the rest
years you don’t know what the rest denver went for a patent because it
denver went for a patent because it
denver went for a patent because it would have expired and then everybody
would have expired and then everybody
would have expired and then everybody would know how to make coca-cola so they
would know how to make coca-cola so they
would know how to make coca-cola so they keep it to themselves to keep it as a
keep it to themselves to keep it as a
keep it to themselves to keep it as a trade secret the other thing with a
trade secret the other thing with a
trade secret the other thing with a patent is you have to enforce it this is
patent is you have to enforce it this is
patent is you have to enforce it this is the expensive part for entrepreneurs the
the expensive part for entrepreneurs the
the expensive part for entrepreneurs the biggest reason to get a patent is that
biggest reason to get a patent is that
biggest reason to get a patent is that you can then sell it to a corporation
you can then sell it to a corporation
you can then sell it to a corporation you can sell your company you can
you can sell your company you can
you can sell your company you can license it out you have an asset that
license it out you have an asset that
license it out you have an asset that you can sell and leverage the hard part
you can sell and leverage the hard part
you can sell and leverage the hard part about the patent is you can enforce it
about the patent is you can enforce it
about the patent is you can enforce it right it’s too expensive so if somebody
right it’s too expensive so if somebody
right it’s too expensive so if somebody does come along and steal your idea and
does come along and steal your idea and
does come along and steal your idea and that’s exactly what you say in your
that’s exactly what you say in your
that’s exactly what you say in your patent
patent
patent you’d have to sue them right you’d have
you’d have to sue them right you’d have
you’d have to sue them right you’d have to hire a lawyer and sue them to say you
to hire a lawyer and sue them to say you
to hire a lawyer and sue them to say you can’t do this because it’s my Pilon do
can’t do this because it’s my Pilon do
can’t do this because it’s my Pilon do you want to be caught in this lawsuit
you want to be caught in this lawsuit
you want to be caught in this lawsuit right yes or no so the bigger
right yes or no so the bigger
right yes or no so the bigger opportunity is are you gonna be able to
opportunity is are you gonna be able to
opportunity is are you gonna be able to sell it eventually to a corporate client
sell it eventually to a corporate client
sell it eventually to a corporate client or an investor who has the funds to go
or an investor who has the funds to go
or an investor who has the funds to go after anybody who was stealing your idea
after anybody who was stealing your idea
after anybody who was stealing your idea so that’s that that’s the thing you
so that’s that that’s the thing you
so that’s that that’s the thing you gotta balance you know that your idea is
gotta balance you know that your idea is
gotta balance you know that your idea is gonna be out there public knowledge
gonna be out there public knowledge
gonna be out there public knowledge public domain and if they make a few
public domain and if they make a few
public domain and if they make a few changes to it they have their own idea
changes to it they have their own idea
changes to it they have their own idea that you can’t sue them for your idea is
that you can’t sue them for your idea is
that you can’t sue them for your idea is also only going to be protected for
also only going to be protected for
also only going to be protected for fourteen to twenty years depending on
fourteen to twenty years depending on
fourteen to twenty years depending on the type of patent that you get so is
the type of patent that you get so is
the type of patent that you get so is that worth it for you or not that’s the
that worth it for you or not that’s the
that worth it for you or not that’s the decision you have to make on top of it
decision you have to make on top of it
decision you have to make on top of it costing money to apply for a patent and
costing money to apply for a patent and
costing money to apply for a patent and then to maintain it every year in each
then to maintain it every year in each
then to maintain it every year in each country that you want protection for
country that you want protection for
country that you want protection for those are your pros and cons hope that
those are your pros and cons hope that
those are your pros and cons hope that helps you make a decision believe
helps you make a decision believe
helps you make a decision believe everybody watchin like the video give it
everybody watchin like the video give it
everybody watchin like the video give it a thumbs up below let me know what you
a thumbs up below let me know what you
a thumbs up below let me know what you think do you have a patent in your
think do you have a patent in your
think do you have a patent in your business and you’re thinking about
business and you’re thinking about
business and you’re thinking about getting one leave it in the comments I
getting one leave it in the comments I
getting one leave it in the comments I love seeing your comments I try to
love seeing your comments I try to
love seeing your comments I try to respond to everybody who writes in you
respond to everybody who writes in you
respond to everybody who writes in you have a question leave it below make your
have a question leave it below make your
have a question leave it below make your video response and click on my face to
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subscribe to the channel see more videos like this thank you so much I’ll see you
like this thank you so much I’ll see you
like this thank you so much I’ll see you soon
”
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