Typically, the number one reason people conduct patent searches and read patent documents is to see if an invention idea has already been patented by somebody else. They totally ignore possible hidden treasures that may also be found in previously issued patent documents. If you have an understanding for an invention then you are probability somebody that thinks outside the box. Why stop there? Don’t limit yourself to thinking outside of the box only when inventing. Thinking outside the box when deciding the best way to utilize information found in the past patent documents can increase the likelihood of success with Inventhelp Innovation as well as create other possible methods for making money. Here I will show you creative approaches to utilize information found in previously issued patent documents including methods could turn some information into gold. I will not, however, show you every possible way way you can make use of the information in patent documents. You may develop new ways yourself that have never been considered before. Let’s go on and have a look at four possible methods to use information found in previously issued patent documents.
1. If you’re trying to find a patent attorney or agent that will help you using the patenting process, why not take down the names and address of law firms or patent agents you discover listed on patent document when performing a patent search. When the address will not be given, conduct a Google type search with the information that is certainly listed. Obviously, just since a firm may already have handled the patenting of the invention comparable to yours doesn’t necessarily mean they may be right for you. Do you wish to know an excellent source to find out whether you should look at utilizing the same law firm or patent agent? Think about talking to the inventor listed on the patent document? That’s right, call the inventor, introduce yourself and say, “I’m during this process of having a patent with an invention. I have been looking for a good reputable agent to assist me that can charge a fair amount. I realize you used so-and-so. Could you recommend them?” In order to locate the contact info of the inventor utilize a people search tool like http://www.whitepages.com. Bear in mind that sometimes the inventors listed on the patent document are working on behalf of a company and was not in charge of hiring the attorney or agent that handled the patent process. Within this case, it would not appropriate to make contact with the inventor. These sorts of arrangements along with a possible method of identifying options are discussed in depth later.
2. From previous patents you can also compile a listing of assignees that may be interested in licensing your invention. The assignee listed on the patent document is really a person or company who has been not the inventor, but was issued ownership or part owner in the patent. Most patents that list assignees are the ones where inventor, or inventors work for any company within the company’s research and development department. Included in the employment contract, the company has ownership rights to the invention created by the staff member. Patent documents that may involve this sort of arrangement are sometimes simple to spot. Some possible signs are when several inventors are listed on the patent and when the invention is very technical. Unfortunately, it is sometimes hard to determine. If it’s not obvious, you just have to call and get. Even in the event the assignee is really a company that includes a research and development department, it doesn’t mean they would not be interested in licensing your invention. Given that they have already shown that they are in operation with products much like yours, they may even be adding Inventhelp Store Products to their product line. When the assignee is an individual, it’s hard to figure out why there was clearly an assignment. You’ll never really know before you call and get. Make a list of assignees and also at the right time, don’t hesitate to make contact with them. If you do not use a patent, before revealing any details about your invention ensure that you protect yourself by having a non-disclosure or similar form of protection agreement signed.
3. Believe it or not, by far the most valuable information you can find on the patent document will be the name and address from the inventor. (I’m discussing inventors that work in a private capacity and not as being an employee of a company.) An inventor of the product similar to yours can become a gold mine of knowledge for you. Most people could be afraid of contacting the inventor thinking about them being a competitor, however i let you know, it is actually worth the risk of obtaining the phone hung up on you. Besides, you will be surprised concerning how friendly a lot of people are really and exactly how willing they will be to offer you advice and share their experiences. Tap in to the knowledge they gained through their experience. You will have some individuals may not need to speak to you, but I’ll say it again, you’ll never know up until you ask! Should you do opt to contact an inventor remember you are there to collect information, not give information. Should they start asking them questions which you don’t feel relaxed answering simple say something like “I know you’ll realize why I can’t share that information since i have do not have a patent as yet.” Most people will understand rather than be offended. You will come across people that failed at achieving success using their invention and will make an effort to discourage you. This is when you need to have a thick skin. Pay attention to whatever they are saying, for they may share information together with you that you will need to consider, but don’t let them steal your ideal since they failed. The reason for their failure may not affect you. Anyway, you may have the capacity to capitalize off their failure. Read number four below and you will definitely see what I mean.
4. While doing a patent search, when it is found that somebody else has received a patent on the idea, the tendency is perfect for individuals to stop right there. However, getting a previous patent upon an invention idea will not necessarily mean the game is over. The patent protection may be alive and well, nevertheless the inventor’s drive and enthusiasm for invention may not really. They may have given up attempting to make money off their invention. Let me explain. Unfortunately, a lot of people think that once they get a patent on their invention, the money will virtually start rolling in. They may have associated the thought of owning a patent for being similar to winning the lottery. Believe that all they need to do is have the patent, contact a few big companies, license their patent to a single, then sit back and wait on the checks. Once this fails to happen, they see themselves confronted with being forced to run the business. This can include investing in the manufacturing and also the costs of advertising to say the least. Confronted with this thought, many people get discouraged and give up. There is absolutely no telling the number of good inventions already patented are collecting dust in garages throughout America for this particular very reason. I’m referring to inventions which have real potential to make a lot of money if handled correctly. To help keep this from happening to you personally read “Collect Money using Your Invention, Not Dust” by Jack Lander. For inventions where inventor has given up, will it be possible to get the rights to this type of invention for little money and market it yourself? You bet it would! Some people will gladly just get back the price of their patent. Others may rather get a small part of the pie. I am speaking about a really small piece. However, there will be those that would rather let the ship sink than let another person make money off their baby.
Before speaking to someone concerning the rights for their invention, you must know the subsequent:
After receiving utility patents, maintenance fees must be paid in order to help keep the patent defense against expiring. This really is when the utility patent was issued on or after December 12, 1980. Maintenance fees are due no later compared to the end of years 4, 8 and 12 from your date the patent was issued for your patent protection to remain in force. In the event the maintenance fee is not paid each time it is due, the patent protection will lapse and can not be in force. However, there exists a grace period following the due date where the maintenance fee can be paid, together with other re-instatement fees, and the patent protection will likely be reinstated.
So, if you find that Inventhelp Commercials has been previously patented or else you find something that looks interesting to you, and you will have never seen it on the market, contact the inventor and discover what is happening. Be matter of fact about this. Tell the individual you may be curious about purchasing their patent and find out what it really would take for them to assign it for you. Make sure they know you are a private individual and never a big company. You may be amazed concerning how many patents you can pick up. By the way, I highly atgjlh hiring a lawyer to check to the status from the patent, expense of reinstatement, maintenance along with other fees, prepare all contracts and advise on any patents you are looking at acquiring. I’m no attorney and I’m not offering you any legal or professional advice.
As I stated earlier, they are just several possible ways you can utilize information from patent documents. Don’t be restricted to just the ways that are presented here. Be creative. Discover the gold which everybody else is overlooking!