I Keep Hearing How Bad The Economy Is. What Will A Bad Economy Do To My Idea?

A slow economy has not slowed innovation in the United States. The Patent And Trademark Office is busy granting record numbers of newly issued patents. In the United Sates, innovation is not in a slump. And neither are manufacturers – they’re busy building new customer bases all over the world.

Many inventors are thinking about how to get Provisional Patents. United Patent Research is a research and development company that reviews inventions before they are at the patent stage. Their goal is to protect valuable inventions and promote them to manufacturers who have the resources to make money with the new invention.

Their success is a direct result of pursuing a holistic approach to protect and promote valuable inventions. In other words you don’t just patent an idea but you advance the patented idea to industry. An essential component to their promotion campaign is to network with industrialists and manufacturers. Attending industrial tradeshows and expositions is an integral component of their new product promotion campaign. This is probably the most efficient way to promote a novel product.

An interested manufacturer may offer to purchase the rights to the new product. Most times however the preferred way to consummate a deal is to negotiate a licensing contract with an interested company. Afterwards the inventor is paid royalties over the lifetime of the contract. This is the same instrument of finance that is used to compensate movie stars and recording artists.

More in formation concerning the patenting process and how to Provisional Patent an idea is available on the United Patent Research website at www.unitedpatentresearch.com

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