Industry Insights How to Partner with an Engineering Company Final 540p with 23 98fps

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[MUSIC] One question that I've gotten before too is, what happens if I take my idea to a firm? How do you put that concern to bed and then they say, I've got this cool idea, but they're going to steal it because they're smarter than I am, because they're engineers and all this stuff, right? So the first thing any good product development company will do is get a non-disclosure agreement in place. Okay. And if they don't do that, that's a red flag. There is a trust factor that has to come and it protects us as a company and you as an individual or you as a company. It's saying, hey, that idea is yours and maybe some of the processes and things that we do is ours. So it protects everybody. That makes sense. Having that in place is our number one thing. Show more

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Before we even discuss the ideas, we get that in place. Okay. The next thing would be if you're going down the patent process to get a provisional patent pending in place. And that allows you to disclose it to the public and once we start to test things, make sure you're testing a little easier. We've had some challenges where we could not do that and take it out in public. And those are too easy, not easy, but two things that are very common. So taking that a step further, okay, what happens if you guys improve on the invention? Right. So somebody brings you something. This is a cool idea. You start building it and then you guys have some ideas, right? Show more

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Right. You make it better. How does that work? Right. It's their invention, but you have a cool idea that you added to it. How does that affect the patent? Like what happens when that happens? You know, when that occurs? Now that's a great question. And that's one of the things that we bring. Hey, you're going to bring this initial idea. Maybe we can make some minor changes, make it a little bit better. Maybe even have a provisional patent that's pending. And you say, well, hey, you guys have changed this now. What do I do? That's actually, it's not a bad thing. You take it to your patent attorney. They'll look at the bounds of your claims of where your intellectual property is and say, this is new change or modification. It's a good thing. You can do that. If it does, great. No big deal. If it doesn't, that patent application can be modified. Gotcha. And us as engineers, we'd love to have our name on that as being part of the things that we have helped contribute. Right. But that is not our product. What we love is when customers, and we've had this plenty of times where they put our name on the actual patent inventor as a co-inventor. Yeah. But we assign all rights to the customer. So we are not trying to claim any rights to using it to generate anything. But it's a nice mutual partnership. It helps us with our past performance. And it makes us feel good. It makes you feel good. It's, that makes a lot of sense. Any other advice you would give to somebody just starting out on this journey of getting their product kind of put together, created? Show more

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Right. Do your homework, I would say. There's a lot of different companies out there. We've been around for 10 years, so I know we got a great reputation. So ask around, maybe get some references. Make sure that that company is asking for the non-disclosure agreement. Make sure they're doing the right thing. Make sure that they're talking to you about that process and being super clear. And we've had instances where our competitors maybe weren't as crystal clear in terms of where the end game is and that left customer is with a bad taste in the mouth, right? Nobody likes that feeling. So just being crystal clear, do the background check, make sure they're checking all the right boxes is super important. [Music] [BLANK_AUDIO] Show more

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