I have a business idea that fits into the idea of another business….is it wise to contact them regarding how they have set there business up or even how I may be able to partner with them? I am just at a loss to know if I need a license , which department i need to register with …etc ..
First of all you cant Patent an Idea. You call them out of the blue and tell them what you want to do, they can say thats a damn good idea and hang up on you.
You need to get a Non-Compete agreement, and a Non-Circumvent Non- Disclouser agreement. This will keep them from doing your idea for say 2 years without you being involved. Its easy to get around these, but if its that good of an idea, you meet with them in your attorneys office. Ive had many meetings like that and just said after I signed everything, thanks for your time im not interested but good luck. Didnt take their idea but sometimes told them where to go that might. Sometimes I did.
I just walked into a company last week and I demanded 40% of their company for my idea. They said whats your idea? We met with the attornies and they agreed, they gave me 40% of their company. But dont be stupid. They said can we offer a cash settlement? I said nope. They said can we lease it? I said nope. They said okay, you can have 40% of the company. I said 40% of the revenue 3rd party tells me what it is. They said thats more then fair. I said im head of board of directors and I have 100% veto power if I think you are screwing me. All was agreed too.
No I dont work for the company. I will never go in the office again, they just liked me idea.
If its that good of an idea you absolutely need attorneys involved before you tell them.