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Save it. Don't Lose It.

  • 10-03-2002 12:27am
    #1
    Closed Accounts Posts: 65 ✭✭


    If you have a concept:

    The following golden rules one should always consider:

    1. Take out copyright protection if what you have can be seriously considered a marketable formula as to its modus operandi.

    2. If you are offered a Confidential Agreement, draw the agreement up with the following wording incorporated:

    Not to be used in whole nor in part by the recipient or the recipients associates without mutually agreed remuneration being paid to the vendor for the use of enclosed information.

    3 State within the agreement that failure to comply with this agreement renders the recipient liable for all or any prosecution costs (you) the vendor may incur in pursuit as to what you (the vendor) consider your Legal Entitlement.

    4 A very useful avenue for selling your Formulated Concepts can be the Foreign Commercial Offices attached to most Embassies in London.

    5 Be very weary of the smooth talking executive types, who may promise you the moon for the release of your ideas etc. Try not to be influenced by the size of the company you may approach, from my own experience I can assure you, the main aim of many companies today is to collate ideas at nil costs.

    6 Whenever possible get advice from a Legal Contract Specialist.

    If more companies gave guaranteed legal protection as to concepts etc they would have an abundance of marketable products to sell, covering a wide diversity of products. They fail to see that market collapse is mainly a product of their own doing, because the product range is too small. In the IT sector all they are doing is investing into variations of a kind of communication, nothing more nothing less.

    Expand the product range and the markets would flourish.

    If Government did more along these lines, more people would be encouraged to come forward with new concepts etc.

    Yours

    Alias Bob
    Don't forget my Guinness
    :cool:


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