While that would seem to be true, and is possibly so. Harvey`s book proclaims that one CAN get a contract to license, and that the company who needs the idea will pay for the patent in your name as part of the contract to use the idea. If I recall, there are safeguards to protect the idea, even if not patented. Harvey explains these themes in detail in his book: How To License Your Million Dollar Idea. Until his proclaimations and assertions and methodology are specifically affirmed or credibly discounted, I think it only fair to say I think Harvey`s probably correct---especially if handled as described in his book.
On the other hand, he gives very credible information regarding the difficulties and expenses involved in gaining the patent(s) and then still having to find manufacturers, etc. Harvey does warrant that the smarter way is to get the companies to arrange for the patents in your name, which can be done according to his method of establishing oneself as the source of the idea. I`m sorry I can`t recollect the specifics--but do recall it made sense and seemed the smarter and cheaper way to go, by far.
His book is remarkable, even if it all about bringing in clients for "condidering your idea". $185 is alot for many or most beginning inventors. Seemed a good first step, considering other first options.
Pilgrim4/22/2008 9:46 PM
I have only Reese Associates NDA. Why don`t you call when its convenient.
PS My favorite brother`s name is Vu. Stepmom was Le Tran Hoover (Passed now.)
Doesn`t really mean anything. Nice to be thinking of them though.
My email is email@example.com
Pilgrim4/20/2008 4:51 AM
Hello, again. Congratulations on the 1st place recognition for your one step converter design. Your credentials appear very impressive, particularly in high tech. I`m wondering why you seem so critical of Harvey. He was kind enough to speak to me in person, once. I really only know what I read in his book; I don`t know what ideas he`s backed and or succeeded with. I only know that he presented my money`s worth in the book, including techniques and methodology for approaching companies oneself. You seem pretty harsh toward him, though I can`t really speak for or against him. I only know it was worth $185 just to hear from a hopefully honest professional is the business regarding my idea; or, at least I hope it shall prove worthwhile. I`m a poor writer, so even that amount is hard to part with. At the very least, Harvey helped me drop the chasing after expensive patents etc.,etc. and focus on the licensing idea (never occurred to me) as a more reasonable approach to going forward. Makes alot of sense to me. My name is Bill. My phone is 303 378 0109
Pilgrim4/20/2008 1:52 AM
I think that`s the case. He seems very straight forward. He may not choose to go with one`s idea, and he may make most of his money from folks submitting their ideas for consideration, but that doesn`t mean he`s not capable of successfully promoting an idea he finds practicable and worth his while. My desire is to be prepared, in case a contract is offered, to know what may be negotiated insofar as reasonable fees--specific to the project under consideration. I simply have no idea what is a most equitable and fair percentage, even in general terms, especially if the idea is sound and the implementation is relatively easy. Still hoping for tips on reasonable range of percentage fee--and duration of time an agent fairly collects-- for an agent licensing a good idea with far ranging potential. ( I realize that`s every inventor`s fantasy, that one`s idea is what the world been waiting for and just didn`t realize it, but, in this case the idea really is a no brainer.)
Thanks for the consideration Innovator7, but it appears your plate is full, insofar as 1Solar being in its formative years, focused in getting funding, etc. My hope was and is to gain helpful information regarding industry standards to do with licensing agent fees, particularly when there`s not much selling, nor even much development to be done. To be sure, a good agent knows the ropes and methodology to have an idea seen and considered by the one`s able to sign off and implement new design strategies when an obvious upgrade is presented. It`s just that, once presented, the agent would---understandably-- love to siphon away as much profit as possible, even as much as goes to the actual inventor of the innovative idea. While I strongly believe in an agent getting their due, I am not interested in being taken advantage of via the temptation to sign on the dotted line because "something is better than nothing" (speaking of a sucker born every minute). None the less, I do seek to know what is reasonable compensation among people who know the true standards and necessary variables. But, even beyond that, I am interested in working with individuals who esteem integrity and honor beyond profit. Rare indeed, though pretense of deep integrity is Basic Business 101, whether authentic or not. That`s an odd thing to say on an entrepreneur site. I`m a huge Warren Buffett fan, not because he`s gotten rich, but because he`s done it with such class.
Pilgrim4/19/2008 8:12 PM