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Cake day: November 2nd, 2023

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  • BadJimo@alien.topBtoEntrepreneurHow much is your idea worth?
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    1 year ago

    It would be possible using the patent system.

    Step 1: people with ideas file provisional patent with sufficient detail to be considered an enabling disclosure.

    Step 2: ideas are published on a marketplace website.

    Step 3: idea buyers peruse the website

    Step 4: idea buyer can purchase an idea. They get the rights to the provisional patent.

    Step 5: idea buyer files a complete patent application (or PCT application) within 12 months of the provisional patent, listing the idea person as the inventor.

    Step 6: everyone is happy

    Step 1 is actually not necessary in countries that have a ‘grace provision’. In ‘grace provision’ countries, this means an idea that is published within 12 months of the complete filing date cannot be used as prior art to invalidate the patent (if the person who published the idea is the same as the person filing the complete patent).

    The enabling disclosure is key to the idea. You need to be very clear and specific about exactly how the invention works.