"Before you send a potential licensee your sell sheet, you will want to have filed a PPA. My last several articles for Core77 are about PPAs — please consider reading them. Thank you for bringing up this important point. Before you disclose your idea ever, filing a PPA is a wise move."
"Hi Jeff. Absolutely you don't have to make a video. Videos are great for many ideas, but they're not essential for all of them, especially if your concept is as simple as you say. I get wary when I hear 'packet' though. Make sure to hook them with your sell sheet before throwing more at them — like you said, it's good to hold things back so you can give keep doing a give and take. Good luck! I hear what you're saying... but the course is really the only way we've found that actually helps people. And that's what I'm most invested in. Stephen"
"Hi Drew. If you file a provisional patent application, which you can most likely do for $65, you are able to describe your invention as "patent pending" for the ensuing 12 months. In my experience getting a patent is easy enough; it's the selling of and bringing an idea to market that is much more difficult. IP strategies differ for different ideas, though. If it's for the medical industry, you may need more than a single patent to truly establish your ownership. In my experience obtaining a patent can easily cost upwards of $15,000. Hope this helps. Stephen"
"Glad you found the article useful! I will be revisiting more intellectual property strategies later on. In the meantime, I wrote a book on how to write PPAs that have value, which you can find on Amazon under the title "Sell Your Ideas With or Without a Patent," if you are interested. Thanks for reading."
"Hi Timothy. Please understand a PPA doesn't technically protect you — it's a method of extending the application process and beneficial because it enables you to test the market with patent pending status. If you decide to turn your PPA into a non-provisional application, and the patent issues, you can apply for for protection in other countries with it. For more information on filing internationally please look up "PCT" and "WIPO." I recommend consulting an attorney for further perspective. Please note I am not a lawyer and this is not legal advice. If you know you want to file in other countries, a PPA is still a good first step, because it's 'first to file' these days that matters. Thank you for reading!"