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 another person. They totally ignore possible hidden treasures that may also be found in previously issued patent documents. In case you have a concept for an invention then you are probability someone who thinks outside of the box. Why stop there? Don’t limit yourself to thinking outside of the box only when inventing. Thinking outside the box when deciding how you can utilize information found in previous patent documents can increase the likelihood of success with What Is A Patent as well as create other possible methods for making money. Here I am going to show you creative methods to utilize information found in previously issued patent documents including ways that could turn some good info into gold. I will not, however, show you every possible way way you can use the information in patent documents. You may come up with new ways yourself that have never been thought of before. Let’s go on and check out four possible ways to use information found in previously issued patent documents.
1. If you’re searching for a patent attorney or agent that will help you using the patenting process, why not take down the names and address of law offices or patent agents you find listed on patent document when performing a patent search. In the event the address is not given, conduct a Google type search using the information which is listed. Obviously, just just because a firm may have previously handled the patenting of your invention much like yours doesn’t necessarily mean they are right for you. Would you like to know a great source to find out whether you should look at utilizing the same law firm or patent agent? What about talking to the inventor listed on the patent document? That’s right, call the inventor, introduce yourself and say, “I’m along the way of getting a patent on an invention. We have been searching for a good reputable agent to aid me that will charge a fair amount. I understand you used so-and-so. Can you recommend them?” In order to discover the contact info of the inventor make use of a people search tool like http://www.whitepages.com. Remember that sometimes the inventors listed on the patent document are working for a company and was not accountable for hiring the attorney or agent that handled the patent process. In this particular case, it might not really appropriate to contact the inventor. These types of arrangements and a possible way of identifying them are discussed in more detail 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 from the patent. Most patents that list assignees are ones where the inventor, or inventors work for a company in the company’s research and development department. Within the employment contract, the company has ownership rights to the invention created by the worker. Patent documents that may involve this kind of arrangement are sometimes easy to spot. Some possible signs are when several inventors are listed on the patent and when the invention is very technical. Unfortunately, sometimes it is hard to figure out. If it’s not obvious, you just have to call and inquire. Even in the event the assignee is actually a company which has a research and development department, it doesn’t mean which they would not be interested in licensing your invention. Because they have already shown that they are in business with products comparable to yours, they may even be adding How To Patent Ideas for their product line. When the assignee is surely an individual, it’s hard to find out why there is an assignment. You’ll never really know until you call and inquire. Create a list of assignees as well as at the right time, don’t be scared to contact them. Unless you have a patent, prior to revealing any details about your invention ensure that you protect yourself having a non-disclosure or similar kind of protection agreement signed.
3. Truth be told, by far the most valuable information you can find on a patent document will be the name and address in the inventor. (I’m referring to inventors that work in a private capacity and never as being an employee of the company.) An inventor of a product comparable to yours can be a gold mine of data for you personally. A lot of people will be fearful of contacting the inventor considering them as being a competitor, having said that i tell you, it is actually worth the potential risk of obtaining the phone hung up on you. Besides, you will be surprised concerning how friendly many people actually are and how willing they will be to provide you with advice and share their experiences. Tap in to the knowledge they gained through their experience. There will be some people may not need to speak to you, but I’ll say it again, you’ll never know up until you ask! Should you opt to contact an inventor remember you are there to accumulate information, not give information. Should they start asking them questions that you simply don’t feel at ease answering simple say something like “I know you’ll realize why I can’t share that information since I do not have a patent as yet.” Most people will understand and never be offended. You will find people who failed at being successful with their invention and can try to discourage you. Here is where you should have a thick skin. Pay attention to whatever they are saying, for they may share information together with you that you should consider, but don’t let them steal your dream given that they failed. The reason behind their failure may not apply to you. Anyway, you may be able to capitalize off their failure. Read number four below and you will definitely see what I mean.
4. While doing a patent search, if it is found that somebody else has already received a patent on the idea, the tendency is perfect for people to stop right there. However, getting a previous patent with an invention idea will not necessarily mean the game has ended. The patent protection may be alive and well, but the inventor’s drive and enthusiasm for his or her invention may not really. They may have abandoned attempting to make money off their invention. Let me explain. Unfortunately, many people think that after they get a patent on their own invention, the amount of money will virtually start rolling in. They have associated the concept of having a patent to be comparable to winning the lottery. They think all they must do is get the patent, contact a few big companies, license their patent to one, then sit back and wait on the checks. When this fails to happen, they see themselves faced with being forced to run the organization. This can include paying for the manufacturing and the costs of advertising as you would expect. Faced with this thought, some individuals get discouraged and provide up. There is not any telling how many good inventions already patented are collecting dust in garages all over America for this particular very reason. I’m speaking about inventions that have real potential to make a lot of money if handled correctly. To keep this from happening to you personally read “Collect Money with Your Invention, Not Dust” by Jack Lander. For inventions where the inventor has abandoned, would it be easy to get the rights to this kind of invention for little money and market it yourself? You bet it would! Some people will be happy to just get back the cost of their patent. Others may rather get yourself a small piece of the pie. I am just talking about a really small piece. However, you will have those that prefer to let the ship sink than let somebody else earn money off their baby.
Before speaking with someone concerning the rights for their invention, you must know the following:
After receiving utility patents, maintenance fees must be paid in order to maintain the patent protection from expiring. This is true when the utility patent was issued on or after December 12, 1980. Maintenance fees are due no later than the end of years 4, 8 and 12 from the date the patent was issued for the patent protection to stay in force. If the maintenance fee is not paid each and every time it is due, the patent protection will lapse and will no longer be in force. However, there exists a grace period right after the due date where the maintenance fee can be paid, as well as other re-instatement fees, and also the patent protection will likely be reinstated.
So, if you find that Inventhelp Tech has become previously patented or perhaps you find a thing that looks interesting to you, and you have never seen it on the market, contact the inventor and find out what is happening. Be case of fact about this. Tell the individual you may be interested in purchasing their patent and discover exactly what it would take so they can assign it for you. Make certain they know you are a private individual and not a large company. You may be surprised concerning how many patents you can pick up. By the way, I highly atgjlh hiring an attorney to check in to the status in the patent, price of reinstatement, maintenance along with other fees, prepare all contracts and advise on any patents you are looking at acquiring. I’m not an attorney and I’m not giving you any legal or professional advice.
When I stated earlier, these are generally just a few possible ways you can utilize information from patent documents. Don’t be restricted to just the ways that are presented here. Use your imagination. Get the gold that everybody else is overlooking!