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Sell Your Ideas With or Without A Patent, by Stephen M Key
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Think you need a patent? Think again. Many of the products Stephen Key has licensed required no intellectual property protection whatsoever, yet have made millions in royalties. But Key also knows what it takes to protect a big idea. Years ago, after reading about how medication bottles rarely contain enough space for the information that needs to be printed on them, he was inspired to develop an innovative label technology. The Spinformation rotating label has been licensed on products the world over, is protected by 20 U.S. and international patents, and has received more than 13 industry awards.
To put it simply: Key knows how to use intellectual property to profit.
This book will teach you how to:
* Get a licensing contract with or without intellectual property
* Write a provisional patent application that stops others from stealing your idea
* Find and hire a killer patent attorney (they are not all created equal!)
* Save thousands of dollars on legal expenses
* File patents that have true value
* Negotiate a win-win agreement
It also details Stephen's experience defending his patents in Federal Court--a David versus Goliath saga he has never before written about at length--as well as provides tips about how to avoid a licensing contract from going bad.
- Sales Rank: #52497 in Books
- Published on: 2015-03-03
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .47" w x 6.00" l, .62 pounds
- Binding: Paperback
- 186 pages
Review
"Stephen Key has a rock-your-world passion for going large with even the most simple idea. Buy this book, grab your hardhat, and hang on."
-- John S. Ferrell, Esq., Co-Founder, Carr & Ferrell LLP, Rated by San Francisco Magazine as one of Northern California's top lawyers.
About the Author
Stephen Key is an award-winning inventor, a renowned intellectual property strategist, a successful entrepreneur, and a best-selling author. The more than 20 products he has licensed over the past 35 years have sold in Walmart, 7-Eleven, and Disney stores and theme parks worldwide, as well as been endorsed by Michael Jordan, Alex Trebek, and Taylor Swift.
Along with business partner Andrew Krauss, Stephen co-founded inventRight, a company dedicated to teaching inventors, entrepreneurs, and anyone with an idea how to build wealth through licensing. Tim Ferriss, best-selling author of The 4-Hour Workweek, was an early student of his. He is also the Chief Technical Officer of SpinLabel Technologies.
Key's first book, One Simple Idea: How to Turn Your Dreams Into a Licensing Goldmine While Letting Others Do The Work, was published by McGraw-Hill in March 2011. It has since been translated into five other languages as well as consistently ranks first in books about small business marketing. His highly anticipated second book, One Simple Idea for Startups and Entrepreneurs, is a must-read for aspiring do-it-yourself businessmen.
He is also the author of The Licensing Lifestyle, a weekly column for Inc.com, as well as a long-standing contributor to Entrepreneur.com.
Most helpful customer reviews
8 of 8 people found the following review helpful.
A must read for amateur inventors and idea people.
By T.G.
Stephen Key knocks it out of the park again for amateur inventors and idea people. This is by far the single best resource to educate yourself on licensing your ideas. Right out of the gate he answers many of the most common questions with a simple yes/no and then goes on to give numerous examples and specific advice. He states many times that you do not need a patent to license your ideas, yet still covers obtaining patents for those with truly big ideas, so the book is very thorough. I'd have preferred he kept those two camps a bit more separate, but other than that the book is chock full of extremely useful information and advice. I used his previous book 'One Simple Idea' to license a game I developed (I have a short ebook about it 'The $5000 Cereal Box Maze'), so his advice really works! This new book is all you'll need if you're already an idea person.
8 of 9 people found the following review helpful.
Experienced Inventors Start Their Answers with "It Depends"
By DanielB702
Just finished it and already sending copies to inventor friends.
Great information definitely for inventor wannabees, beginners, and intermediate inventors..Definitely belongs in an Inventor Wannabes Library (along with his other two books via Amazon.com) ...
Fastest way to know you are talking to an experienced Inventor is if they start their answer with "It Depends". He does... This book needs/must be read many times with post notes and highlighter in hand .... Great non-fiction books require multiple readings .... He uses multiple personal stories to expand on his lessons.. I need to reread his Federal Court case against LEGO, that he won. His lessons gained there are included in this short 149 pg book, and may help you prepare to protect a big or small idea.
Weakness: He didn't caution readers about the sometimes late night Invention Infomercials. He might have in a prior book. Always needs repeating at every talk on inventing, even though the US Patent Office has good regulations to keep the dishonest ones out.
High Praises: For his insights with working with the US Patent & Trademark Office (USPTO.gov) and his counsel as to when to write your own Provisional Patent Application (PPA) and when to get it reviewed by a Patent Attorney. He explains how you could submit electronically, your own PPA for under $185 (Filing fees and Drawings) tomorrow and be able seconds later, add "Patent Pending" for a year to your KickStarter Product Campaign.
It will be required reading for members of our local Inventors meetup group, so I don't have to keep talking about the info covered in the book, at every meeting.
Daniel Braisted
Administrator of @VegasInventors
5 of 5 people found the following review helpful.
Stephen is THE licensing guru.
By Noel Goldman
I've been a product developer for 22 years and have even appeared as a guest on The Oprah Winfrey Show, back in 2007.
I know enough to know that Stephen's common sense approach is the fastest and smartest way to bring a new product to market. He has become my go-to guru for everything having to do with licensing.
A must read for anyone interested in bringing their ideas to market the fastest and most profitable way possible.
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