How to Protect Your Product or Idea When Pitching It to a Product Manufacturing Company

Most of us have great ideas for new products or services that can boost our profit margin. Unfortunately, we do not have quality resources to get them to market. Instead of small companies, we often look for an established product manufacturing company to help us. If our idea is so unusual, that it is patentable, then before we show it off, we want to have that company sign a nondisclosure agreement promising it will not steal our idea. If you are going through the same kind of threat for your new product idea, then here are some tips to protect your ideas when pitching it to any product development company.

Tips to Protect Your Idea

Hire a local lawyer experienced in your specific industry to help write agreements. Some agreements spell out strict financial penalties, if the signer is found to have breached the agreement. You don’t want to have such harsh agreements that nobody would sign it; hence, hire an experienced lawyer to write it.

Without such protection, winning an infringement claim against your hired product development company may be difficult. If you do come upon a copycat, it may be worth contacting a lawyer to examine the merits of your case. If a product manufacturing company replicated your product and its packaging to the point of creating customer confusion or copied something that is protected under trademark or copyright law, you might have a solid legal case.

However, it is possible that a company would modify your product or design just enough to escape any legal charges. In addition, keeping in mind, applying those legal protections in court can be too expensive. In some cases, a lawyer will first send a cease-and-desist letter, telling the believed offenses and demanding the offender to stop manufacturing the product and possibly pay damages. If the offender ignores the letter, the next step is usually a lawsuit.

Always remember, a lawsuit can be expensive, costing thousands of dollars in legal fees and may take a lot of time from your business. Additionally, there is no guarantee you will win the lawsuit. To collect any money in court, you generally have to prove that you suffered financial damages from the alleged copycat’s action – a feat if your sales are rising.

At the end, the most effective method to protect your new product idea is by being extra cautious about whom you share with. It is worth talking extensively with others in your industry and getting referrals before disclosing your concept to anyone.

GID – A Product Manufacturing Company in California, USA

GID is a new product manufacturing / development company located in California. With years of experience, we love help our clients to design, prototype, test, and develop 100% originally developed products to meet their business needs. Being a reputed product development company, we love to preserve 100% client confidentiality – from concept to fully developed product. Our client confidentlaity is the only reason, why we have been in industry for more than 2 decades. We manufacture your concept only for you.

If you are planning to own a competitives edge over over your competitors by designing and manufacturing a profitable new product, then feel free to contact us at https://www.gidcompany.com/contactus

Points to Consider Before You Hire a Product Manufacturing Company

Being a leading product manufacturing company in California, GID (Get It Done) has been helping its clients in various aspects of custom product development such as product design, product prototype development and in developing 100% custom products to satisfy their business requirements.

We are GID, A Reputed Product Manufacturing Company in California

At  With 100% genuine service, we want to help our clients in maintaining or expanding their business operations and profit margin.
Custom product manufacturing is a complex process and requires highly skilled hands along with the latest tools to accomplish the goal. If you have any big idea, then you need to enlist the service of a custom product development company to transform your concept into reality and take it to the market in style. You can contact those companies with your design or formula and ask them to work on it and develop your product.

However, there are some points to consider before you hire a company to work on your concept. On the basis of years of experience in the product development industry, we at GID would love to share some important points which you need to consider before you hire a product manufacturing company.

Points to Consider are,
Their Reputation in the Market:

Before you contact a product manufacturing company, make a thorough research about its services and reputation in the market. This step will avoid many development jargons, loss of money and waste of time. In business, reputation comes first; therefore, it’s your duty to research the reputation of any manufacturer you are planning to work with. Examine, how much does a company score in terms of reliability, past successes and failures, and where does it stand in terms of manpower and technology.

Simultaneously, look for both positive and negative aspects because consumers are more likely to complain than they are to compliment. Along with the physical market, the internet is also the best medium if you want to dig dipper for such a kind of information.

How Much do They Charge for Their Services?

Not to mention, but it is one the most important aspects of custom product development, which should never be overlooked. You will find a lot of variations in what companies will charge to manufacture your product. You need to fix your budget for product development. Always remember, pay attention to points such as per-unit production cost, along with transportation, packing and many other fees that a product development company may charge.

Are They Responsive With Their Services?

If you get a chance to talk with a development company or any of its representatives about your concept, pay attention to how they are responsive to your questions. A company with instant solutions to all your problems will not only manufacture your product, but will also find new ways to improve its efficiency. Such a responsive product manufacturing company will always stay on your project in every stage of development, as they really want your product to succeed.

Contact GID

Do you want to develop a new product or custom manufactured solution for your business? At GID, we can help your business gain a competitive edge over the competition by designing and manufacturing a money-making manufactured solution. Feel free to go through our useful links or share your Thoughts / Ideas / Concepts at www.gidcompany.com. You can also call us at: 714-323-1052.