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I have a prototype but no more money...
CarpeNoctu
subscriber Posts: 3
What does a person do when they have built a working prototype but have no money for an attorney or a patent?
My fiancée and I are, like so many others these days, barely scraping by and we have sacrificed everything we could to build the initial prototype with the intention of doing nothing more than proving a theory. Now that they theory has been proven, we are spending what little we have to improve the prototype to make it "presentable"... Luckily, this won`t actually take much. Unfortunately, we don`t have the extra money to pay attorney`s fees, patent fees or anything else...
We have considered getting an NDA and talking to potential investors, but with our limited knowledge of NDA`s, we`re afraid of moving forward without solid protection... Thus the desire for an attorney...
What are our options?
My fiancée and I are, like so many others these days, barely scraping by and we have sacrificed everything we could to build the initial prototype with the intention of doing nothing more than proving a theory. Now that they theory has been proven, we are spending what little we have to improve the prototype to make it "presentable"... Luckily, this won`t actually take much. Unfortunately, we don`t have the extra money to pay attorney`s fees, patent fees or anything else...
We have considered getting an NDA and talking to potential investors, but with our limited knowledge of NDA`s, we`re afraid of moving forward without solid protection... Thus the desire for an attorney...
What are our options?
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Comments
The library is free and you can educate yourself about patents and licenses.
I recommend "License Your Invention" by Richard Stim.
When you are ready to hire a lawyer you will be an educated consumer and get better service.
Remember 98% of patents don`t make enough many to pay the lawyers.
Knowledge is power.