China Manufacturing Decoded
China Manufacturing Decoded
Sofeast
Should You Patent Your New Hardware Product?
52 minutes Posted Feb 10, 2023 at 11:10 am.
Greetings & today's topic: Patents for new hardware products.
IP protection Basics 1: Always sign an NDA when disclosing the product concept to people in the industry.
IP protection Basics 2: These actions will get your product idea copied early.
The different types of patents.
Approximate costs for patent applications and PPA timeline.
If patents are too expensive, what alternatives are there for protecting IP?
The 2 main fears of people launching a new product.
The dangers of going to investors and pitching your new product idea.
What to do if you have a 'home run?'
What if your product is not a home run?
Which version of the new product really needs a patent?
The dilemmas you face: To patent, or not to patent, and when?
Summary and wrapping up.
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In this episode...
Inventors with a new product concept are rightly concerned with IP protection. They sometimes ask if they should invest in a patent for their new idea ASAP. Renaud and Andrew join Adrian to cover this topic here.
You'll learn about types of patents, their cost, when a product is most likely to benefit from being patented, best practices for protecting your IP that you can follow before you file a patent, and plenty of examples of real businesses that had legal issues related to patents or who got to market successfully by being smart and careful about IP.
 
Show Sections
39:17 - What if your product is not a home run?
 
Related content...
Read a whole selection of our content about Product IP Risks & Protection When Manufacturing [Resources]
IP Protection in China when Developing Your New Product [Importer’s Guide]
New Physical Products: Patents Should Come After Market Success
What’s The Investment Required To Bring My New Product To Market?
Misguided Legal Advice Given to Startups in China: 8 Examples
How To Create A Valid Manufacturing Contract In China To Protect Your IP
Will A China NNN Agreement Protect Us If We Start Assembling Products There?
Get help from Sofeast to check that potential manufacturers are trustworthy: Combined Supplier Due Diligence Checks (Best Results & Value)
 
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