Nonprofits are a necessary part of governments’ functionality, so they get lots of funding.
Build credibility as an organization. Make sure that you are doing what you need to do.
Important for monetary gain
Prestige of being on a patent
Patentable – New, Not obvious, Usable
Very nuanced field – not recommended that you attempt to get a patent by yourself
When contacting a patent agent/attourney, give them as much information as possible. Cite prior art. Alternative embodiments, show what your invention is, and why it is different
Market cost: 15-20k
Patent/Prior-art search: $700 – $1500 - good indicator for patentability, helps drafter to make a
Patent agent/attorney cannot capitalize on any ideas because of duty of confidentiality.
Title 35 – Publicly disclose – can haunt. Avoid non-confidential disclosures.
Liability: A safer business structure that keeps your personal assets safe
File documents like incorporation.
Limited Liability: Flexible and Safer. No elections
Sole Ownership: Simple to establish, but not flexible
