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The Big Idea Blog


Current DateTime: 08:47:22 14 Nov 2009
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THE BIG IDEA: VIDEO


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    • A Secondary Financial System?  11 Nov 2008

        America speaks out with their solutions to the country's economic crisis and Jeremy from New York offers an unconventional, although historically relevant solution.

    • The Need for Transparency  05 Nov 2008

        Donny Deutsch, Jim Cramer and Dylan Ratigan debate the possibilities for transparency and suggest solutions for the country's struggling housing market and unprecedented government actions.

    • Senator John Kerry  23 Oct 2008

        Donny Deutsch and Larry Kudlow question Senator John Kerry (D-MA) Chairman of the Senate Committee on Small Business and Entrepreneurship, on the state of the economy and the outlook for small businesses.

THE BIG RECAP


Current DateTime: 08:47:22 14 Nov 2009
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May.22
4:44 PM ET
Thursday, 22 May 2008
Amanda Kennedy: NDAs (Non Disclosure Agreements) and Patents

My opinion on NDA’s is that you need them!  Don’t let anyone tell you differently.  Sometimes,
if the product is not unique like t-shirts, jeans, etc. then it’s just a matter of doing your designs and getting them out there to the market place.  But if the product is unique, then protect it.  It is your Intellectual Property.

Research your idea on US Patent Office website - you can do this yourself for free.  If you proceed, your attorney will check again for you before you start writing a patent.  If you were wrong and there is a patent that you would be infringing on, think of something else or it is possible to improve on another persons patent or license it from them to make your own.  I am not an attorney obviously so talk with a pro before you take my word.

In the event you have a truly unique idea, then start the patent process.  Draw your idea best you can and write it down on paper and date each piece of paper.  Now this is proof that the idea is yours.  Sounds crazy but it’s not.  Patents are expensive but don’t skimp.  You need a well written one.  There are good and bad attorneys that do patents.  The better written it is the better it will hold up in court if you need to use it.)

I could be wrong but this is how I feel you have a better shot at success!  Good luck and don’t be afraid to fail.  Failure is only failure if you don’t learn from and move on!

- Amanda



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