Intro To Patents for Inventors, Startups & Entrepreneurs: Patents 101

Provides an introduction to patents including what intellectual property (IP) is and how patents are different from trademarks, copyrights and trade secrets. Also explores why getting is important including being able to stop others from making, using, selling, offering to sell or importing the patented invention, but also the important and often overlooked benefits related to positive marketing benefits for investors, partners and customers. The patent process is discussed in detail including filing a provisional patent application, filing a non-provisional patent application, the examination process and getting an application issued as a patent. Also discussed is how to do an infringement analysis and understanding what broad vs. narrow patent claims are. #patent #patents #patentstrategy #patentlaw #intellectualpropertylaw #inventortutorial #inventions #startup #startups #startupcompany #startupbusiness #startupadvice #startupguide #startuptips #startuptalks *** This video may qualify for attorney CLE - check your local state **** Additional Patent Resources: - My best-selling book, Patents Demystified: https://amzn.to/2MX5le9 - The top book on licensing your idea or invention: https://amzn.to/3tDLSib (One Simple Idea by Stephen Key) - When to file a patent application: https://www.dwt.com/blogs/startup-law-blog/2020/08/when-to-file-startup-patent-application - Is software patentable: https://www.dwt.com/blogs/startup-law-blog/2020/11/how-to-patent-software - My appearance on CNBC’s “The Profit” with Marcus Lemonis: https://www.cnbc.com/video/2019/11/08/coco-taps-owner-reviews-their-pending-patent-with-marcus-lemonis.html ***** DISCLAIMER: Information in this video is not legal advice and should not be relied on as such. The law can change and the information in this video may be outdated, so you should always consult an attorney regarding your specific issues in view of the current state of the law. ****** 00:00:00 Intro 00:00:43 - Dylan Adams, Patent Attorney and Author of Patents Demystified 00:01:38 - Overview of topics that will be discussed 00:02:56 - Who am I, what is my technical background and what do I do as a patent attorney? 00:04:18 - The four types of Intellectual Property (IP): Patents, Copyrights, Trademarks, Trade Secrets 00:06:35 - What is a patent and what does it let you do? What are the basics of patent rights? 00:08:03 - Why care about patents? What are the benefits that patent provide that most people overlook? 00:15:28 - What are the requirements to get a patent? Patentable subject matter, new, non-obvious 00:19:39 - Issues when developing an invention or product 00:20:15 - Patent rights start to be lost upon a first public disclosure, public use or offer for sale 00:21:39 - File patent application before talking with investors 00:23:17 - The United States is now a first to file country 00:23:58 - It is typically best to wait to file a patent application 00:25:31 - Inventors must assign patent rights 00:27:46 - Talk with a patent attorney early 00:28:47 - Ideas and software can be patented 00:32:05 - Utility vs. design patents 00:32:37 - Examples of design patents 00:33:10 - Examples of utility patents 00:36:50 - The two ways to start the utility patent process: provisional vs. non-provisional 00:38:39 - Choosing provisional or non-provisional 00:43:03 - The parts of a utility patent application: specification, drawings and claims 00:44:34 - Patent Infringement vs. Patentability 00:46:46 - What is prior art? 00:47:38 - The patent examination process 00:48:42 - Rejections during the patent examination process and how to overcome them 00:52:40 - Examples of broad vs. narrow claims and patent infringement examples 00:57:35 - Summary and main take-aways