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  • Invention disclosure is the act of releasing enough information about your invention so that others may try to re-create it, according to the University of Wyoming.

    Significance

    Invention disclosure is not a required part of patenting an invention or idea, but most people choose to do this for the economic benefits they can reap. However, disclosing an invention does carry some added risks to losing the rights to an invention.

    Warning

    If you wish to claim a patent on an invention you must file an application with the U.S. Patent and Trademark Office, reports the University of Wyoming. Disclosing invention details in a public place (like a classroom) could lead to losing rights to the patent in other countries.

    Time Frame

    After invention disclosure, an inventor has up to one year to file a patent with the U.S. Patent and Trademark Office before relinquishing all patent rights to the invention, reports the University of Wyoming.

    Benefits

    Disclosing an invention can gain the inventor licensing fees which he may do anything with, such as improving the idea or developing new patents. In addition, corporate sponsors may like the invention and want to purchase its rights or give funding to the inventor.

    Considerations

    Inventors, especially those associated with a university or research company, often let a third party handle their patent application. Applications with the U.S. Patent Office can take 3 to 5 years and require considerable time and money to complete the process.

    Source:

    University of Wyoming; Disclosing Your Invention to the RPC

    Wake Forest University School of Medicine; Invention Disclosure FAQ's

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