Patent Process
Is the Ethical NDA too harsh?
BlueIron has been using the Ethical NDA from the Ethical Collaboration Association for all new engagements. The Ethical NDA is available here. TL;DR: The Ethical NDA is perfect for the intense, collaborative environment of trust and innovation that we have with our clients. The Ethical NDA changes the rules of engagement with clients. Rather than…
Read MoreDouble the Value of Your Patents – All You Need is the Right NDA
The right IP agreements play a huge role in how valuable your patents will be over time. One of the dirty secrets of coworking spaces, startup accelerators, incubators, and other collaborative environments is that the mere act of collaborating can devalue your intellectual property. The typical scenario is when two coworkers from different companies collaborate…
Read MoreInvestment Grade Patents Do Not Have “Broad Claims”
Broad patents can hurt you. Inventors like to think that their patents are “broad” and somehow that is good. It is not. The risks with broad patents are that they are more easily invalidated, but it is also a sales pitch that patent attorneys use to make more money. Narrow patents are bad, too. Narrow…
Read MoreFinancing Patents Is Actually CHEAPER Than Paying a Patent Attorney
Financing patents through BlueIron is actually cheaper than paying as you go with a conventional patent attorney. This is because the cost of capital for startup companies is so high. Pepperdine’s business school publishes the annual Private Capital Markets Report, which shows that the average cost of capital for Angel or VC funded companies in…
Read MoreShould I Get A Patent Before Talking To Customers?
No. As an investor in patents, I am willing to wait for the Second Patent. BTW, if you need to tell someone your invention when you are doing customer discovery, you are doing it wrong. In my business of financing patents for startup companies, I am usually willing to pass on the First Patent for…
Read MoreShould I File A Provisional Patent Application?
You should never file a provisional patent application. Ever. In every case, a small company or independent inventor is better off by filing a complete, well-written, non-provisional patent application. One of the biggest hoaxes in the patent community is that provisional patent applications are a good thing. They are not. (You can learn more at…
Read MoreHow Much Does It Cost To File A Patent?
How much does it cost to file a patent? The US average is about $12k, but the total cost of a patent is closer to $60k. Have you been quoted much less? There are plenty of patent attorneys who quote much, much less than $12,000 to draft a patent application. But beware. One of the…
Read MorePatent Enforcement Insurance Makes Your Company Valuable
Why should I get a patent? I don’t have enough money to enforce it. Many startup companies don’t bother with patents because they don’t think they can enforce them. And they are right. A patent lawsuit can be very expensive, and the game of enforcement is really a big game of chicken: both sides are…
Read MoreWhat Does A Quality Patent Look Like?
What does a quality patent look like? We evaluate patents every day. We underwrite investments in intellectual property, either for financing patents before they are written or for providing loans against patents that already exist. After doing this for a long time, there are certain elements that we evaluate every time we pick up a…
Read MoreHow Much Do Patent Attorneys Charge
The average patent cost[1][2] about $60,000, and most of that goes to your patent attorney. How much do patent attorneys charge? Be prepared to pay them about $45,000 through the entire process. The patent process involves two major phases. Patent “preparation” is when the patent is originally drafted and filed with the patent office, and…
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