According to the patent law, if you disclose information of your invention to the public and you haven’t obtained a patent, you have one year from the time of disclosure to apply for patent protection.

File a Provisional Patent Application or use a nondisclosure agreement. It might take some time to file the application and acquire -Patent Pending- status. This will cost you about $110 if you are an individual or a small company.

If your invention is not patentable though, you have the option to convince the business you will be working with, to sign a Nondisclosure Agreement (otherwise called a disclosure agreement). Then you can safely share your invention secrets.

If the other party does not agree to sign the Nondisclosure Agreement then you can try not to share sensitive trade secrets. Disclose financial and “around’ the secret information. If the other party knows what the invention does and what is the cost they will likely sign a nondisclosure agreement if they like the idea.

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