Re: So say I wanted to sell something...
- From: "Luhan" <luhanis@xxxxxxxxx>
- Date: 21 May 2006 12:02:50 -0700
Tim Williams wrote:
I'm considering selling kits and maybe assembled models of my induction
heater. Is there anything "wrong" with this on a hobby basis? Should I
start a company? In that case, would I be infringing on any patents?
I have takken a 'lot of lumps' with startup companies. If liability is
an issue at all, you would be much better off selling the idea to an
existing company (after they sign an aggreement to not steal your
idea).
Or, apply for a patent. You may not get one, but it blocks anyone else
but you from ever getting one due to your 'prior art'. You can bargain
with this. Have the company pay for the patent in exchange for
exclusive rights and royalty payments back to you.
Doing any of this is not easy -- been there. Most people think that
with a 'good idea' you can 'make a million bucks'. Its more like you
need the million just to launch a new product.
Anyway, good luck to you,
Luhan (you can tell the pioneers by the arrows in their back) Monat
.
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