Provisional patents can be a valuable avenue for inventors and startups in the first-inventor-to-file system, but there are inherent risks if not done carefully and methodically.
These risks are often not explained carefully enough by low cost document preparation companies that push these types of patents.
In my following video, I offer further details about the risks involved. As Forbes puts it, the first-inventor-to-file system will favor companies that are more agile and better able to allocate resources to their most promising inventions – thus providing an important potential advantage to entrepreneurs. However, filing your provisional patent correctly is a vital step in this process, especially for inventors with lower budgets and resources.