Hi, I'm John Rizvi, the founder of golden rays VPA. My registered patent attorney, and for the past 13 years have also been an adjunct professor at NOVA law school, teaching patent, trademark and copyright law to third year law students. Today I'd like to cover the risks of delaying the filing of a patent application. History has shown many inventors losing ownership rights to their ideas by delaying their patent filings. One of the best known examples of this is illustrated by inventor Alexander Graham Bell. In the invention of the telephone. Alexander Graham Bell filed his application just a few hours before Elisha Gray, and despite a long legal battle, the patent was awarded till Alexander Graham Bell before forming the idea attorneys. almost a dozen years ago, I worked for the law firm of fish and nev in New York City that represented Alexander Graham Bell. In the patenting of his ideas. Fishing Eve is the oldest and most respected law firm in the United States. Not only did they represent Alexander Graham Bell, but we also represented Thomas Edison, the Wright Brothers, Henry Ford, and numerous other inventors that are pioneers in their field. Unfortunately, there are a number of ways that inventors can lose patenting rights. For example, filing a patent application, or revealing an idea a single day prior to filing a patent application will cause you to immediately lose all international patenting rights. Sometimes working on a prototype or in a delay in getting final details of an invention together would be just enough time to allow a competitor to go in and file for a patent first. If you have an idea that you believe is has market potential, please give me a call. I'll be happy to look at it. I'll review it let you know if it's patentable subject matter. Definitely before revealing the idea, offering the sale or taking any other steps, contact me and get an opinion on whether or not it's protectable. As we've seen, even the delay of a few hours can mean the difference between having ownership rights to an idea or simply being second to file which gives you no rights to your concept. Remember, while you're spending precious time tweaking the details of your invention, a competitor may rush forward and file an application on something that's just good enough. When it comes to patents. There is no consolation prize for filing second. Timing is everything.
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