Many Inventors feel that they can make money on their inventions merely by submitting their unpatented idea to a large company and waiting for a check in the return mail. One hazard in disclosing your unpatented idea to any manufacturer is that they might indirectly or deliberately copy it. If a year s time elapses following your initial such disclosure, you may even lose your right to apply for a Patent .
Some inventors find investors willing to finance the costs involved in obtaining a Patent.
If you do find such an investor, have a written agreement with him detailing the percent of ownership, if any, that you are selling for the financial aid received. Inventors occasionally ask whether they can prepare and prosecute their own Patent Application to save money. In theory it is possible. However, in theory it is also possible for you to repair your digital wristwatch, or remove your own appendix. The several aspects of patent practice discussed in this website require highly specialized skills and experience.