Tag Archives: patent process

Congrats to New Product Consulting client Edward M. on presenting his idea to Shark Tank!

Congrats to Edward for getting a positive response at the presentation to Kevin Harrington of Shark Tank in Las Vegas last week. It must have taken a lot of courage to present to the Sharks. We will be waiting to … Continue reading

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A Company wants to License your invention. What is a standard royalty rate?

If a potential licensee is interested in your product idea, they will call back with further questions. It’s that simple. If and when they do, you should know what kind of royalty rate you want to negotiate. To calculate royalty … Continue reading

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Features of the Provisional Patent Application

The Provisional Patent Application program through the United States Patent Trademark Office offers many advantages for inventors.  Some of these features included below are from their website. FEATURES Provides simplified filing with a lower initial investment with 12 months to … Continue reading

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New Product Consulting Launches The Free Lawn Mower

DEBRA JACKSON SINGLETON AND TERRANCE WARD HAVE COME UP WITH A NEW INVENTION CALLED THE FREE LAWN MOWER.  DEBRA IS A GRANDMOTHER WHO HAS A DAYCARE WHERE SHE PROVIDES HELP TO MOTHERS WHO WORK EVERYDAY. TERRANCE IS A STUDENT WHO ENJOYS … Continue reading

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How To Protect Your Invention Idea For Free

A common question I get from inventors on a daily basis is, how do I protect my idea before I have a chance to file the patent? Should I mail the idea to myself in a sealed stamped envelope?  The … Continue reading

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What Exactly Is A Patent?

It seems like every inventor I speak with has a different definition of what a patent is and what exactly it does.  I thought it would be best to go to the United States Patent and Trademark Office themselves for … Continue reading

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Benefits of Filing a Provisional Patent Application

There are many benefits to filing a provisional patent application.  The information below is from the United States Patent and Trademark Office.  Read below as they explain the many advantages to this option. Since June 8, 1995, the United States … Continue reading

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