Hi, I'm John risky, the patent professor. It's exciting when you know you've created something really great. It's even better when you feel the idea has potential and will sell. The temptation to run out and seek an investor right away can be almost overwhelming. But it could also cause a lot of problems for you down the road. That doesn't mean that all or even most investors are dishonest. But I always tell my clients not to talk about their invention with anyone other than a patent attorney until the patent is filed. Many inventors make the mistake of thinking that a nondisclosure agreement will protect their rights in case of theft. a nondisclosure agreement, or an NDA is an agreement between parties, and it will protect you if the person that signed the document tries to steal the idea themselves. However, if they leaked the idea to someone that has not signed, you are out of luck. Even worse, the patent office no longer recognizes the standard of first to invent, but the United States has moved to a first to file system. That means that if you don't file for your patent before anyone else, you lose all rights to the protection the patent offers. Anything you discuss with a patent attorney. Is attorney client privileged and confidential and fully protected by law. You should always discuss your invention with a patent attorney and wait until the patent has actually been filed. Before you say anything to anyone else about your idea. Your patent attorney can help you safeguard your rights and make sure that you don't lose out on opportunities to profit from your invention. I'm John Rizvi, the patent professor and I want to help you keep your rights to your invention where they belong with you.
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