Dead stock: admitting what is never going to sell
Dead stock ties up cash and space while appearing as an asset. How to identify it, the options in order of value recovered, and why holding on is the expensive choice.
A provisional patent application secures a filing date and starts a one-year clock. What it does, what it does not, and the records that decide its value.
A provisional patent application secures a filing date for an invention and gives you twelve months to decide whether to pursue a full application. It is not a patent, it is never examined, and it never becomes one on its own — if the twelve months pass without a non-provisional filing, it lapses and the date is gone. Used deliberately it is the cheapest way to buy thinking time. Used as a substitute for a patent, which is how it is most often sold, it produces a company that believes it has protection it does not have.
Public disclosure interacts with all of this. In many jurisdictions showing the invention publicly before filing destroys novelty outright; in some there is a grace period. If you are exhibiting, pitching or publishing, file first or use a non disclosure agreement template — and do not assume a conference counts as confidential because the audience was small.
Ettex Records keeps the invention record as dated entries against a project, with contributors, test results and disclosures attached — which is the material a patent attorney asks for and the material that is impossible to create retrospectively with any credibility. Keep the twelve-month deadline as a field you can sort by rather than a calendar entry in one person’s account. Ettex does not file applications, does not search prior art and gives no legal advice; provisional filings look simple and are routinely botched in ways that only surface years later, so this is one of the clearer cases for using an attorney.
Legally yes in most systems, and the filing formalities are genuinely simple. The disclosure is not, and that is the part that determines whether the priority date is worth anything. A cheap provisional that under-discloses is worse than no filing, because it creates false confidence.
Practically it deters some and legally it stops none. There are no enforceable rights until a patent is granted. Treating the pending status as protection is the most expensive misunderstanding in this area.
The application lapses and the priority date is lost. You can file again, but any intervening disclosure — including your own — may now be prior art against you. Diarise it on day one.
Dead stock ties up cash and space while appearing as an asset. How to identify it, the options in order of value recovered, and why holding on is the expensive choice.
Professional indemnity insurance responds to claims that your advice or work caused a loss. Who needs it, how claims-made cover works, and the gap that catches people who stop trading.
A freight forwarder arranges shipping but does not usually carry anything. What they take on, what remains your liability, and the documents to check before a first shipment.