Don't pay for a patent search or prior art search on your invention! It's a waste of time and money and successful startups and large companies alike know that patent searching and prior art searching is not a standard part of the patent process. This video discusses why patent searching and prior art searching is typically a total scam and what you should actually be spending your valuable time and money on instead.
Additional Patent Resources:
- My best-selling book, Patents Demystified: https://amzn.to/2MX5le9
- The top book on licensing your idea or invention: https://amzn.to/3tDLSib (One Simple Idea by Stephen Key)
- When to file a patent application: https://www.dwt.com/blogs/startup-law-blog/2020/08/when-to-file-startup-patent-application
- Is software patentable: https://www.dwt.com/blogs/startup-law-blog/2020/11/how-to-patent-software
- My appearance on CNBC’s “The Profit” with Marcus Lemonis: https://www.cnbc.com/video/2019/11/08/coco-taps-owner-reviews-their-pending-patent-with-marcus-lemonis.html
Gear Used to Make This Video:
Sony ZV1 Camera - https://amzn.to/3I1yNtB
GVM Lantern COB Light - https://amzn.to/3Ixc3Sg
Neewer LED Panel Lights - https://amzn.to/3VZwPNn
StudioFX Rim/Back Light - https://amzn.to/3GLSZ1u
Neewer Green Screen - https://amzn.to/3ZlDdBO
PowerDeWise Microphone - https://amzn.to/3GiI3bl
***** DISCLAIMER: Information in this video is not legal advice and should not be relied on as such. The law can change and the information in this video may be outdated, so you should always consult an attorney regarding your specific issues in view of the current state of the law. ******
00:00 - Intro
00:54 - Patentability Requirements & Prior Art
01:37 - Prior Art Search vs. Patent Search
02:25 - Don't you want to know what's out there?
02:53 - Spectrum of Patent Protection
04:58 - Patentability is in Details
06:43 - Patentability Does Not Matter
08:32 - Patent Searching Can be Harmful
09:33 - No Actionable Information
11:39 - No Guarantees
13:06 - What Should You Do Instead?
14:39 - How to Address Patentability
16:00 - Market Research is Critical
16:49 - DIY Patent Search?
17:34 - Exceptions
19:52 - Business is Risky