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Practice Reading: Fill in the Blanks (Dropdown)
ID: #35243
Patent
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Most inventors to make money from an invention by licensing it to a larger company that will manufacture and sell the invention. However, they the risk that potential licenses with whom they discuss the invention may learn enough about it to steal it or prevent them from patenting it. This means that the inventor would not receive any royalties from the invention. Sometimes an inventor will a provisional patent application to prevent this problem. They would need to make sure that their invention meets the requirements for patent protection. If it does, a provisional patent application can give their invention patent pending status for a minimal fee. This will an inventor's intent to move forward with obtaining patent rights for the invention. Another for inventors to consider is requiring potential customers to sign a non-disclosure agreement, also known as a confidentiality agreement. This may be appropriate if the invention may not meet the patent requirements at this stage of its , which means that they could not file a provisional patent application.
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