Typically, the number one reason people conduct patent searches and read patent documents is to determine if an invention idea has already been patented by someone else. They totally ignore possible hidden treasures that may also be found in previously issued patent documents. For those who 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 of the box when deciding the best way to utilize information found in previous patent documents can increase the probability of success with Inventhelp Company News as well as create other possible ways of making money. Here I will show you creative ways to utilize information found in previously issued patent documents including ways in which could turn some good info into gold. I will not, however, show you every possible way way you can make use of the information in patent documents. You may come up with new ways yourself that have never been looked at before. Let’s go ahead and check out four possible approaches to use information found in previously issued patent documents.
1. If you’re searching for a patent attorney or agent that will help you with all the patenting process, why not take down the names and address of lawyers or patent agents you discover listed on patent document when performing a patent search. If the address will not be given, conduct a Google type search with all the information which is listed. Obviously, just because a firm may already have handled the patenting of your invention similar to yours doesn’t necessarily mean they are right to suit your needs. Would you like to know a good source to find out whether you should think about utilizing the same law firm or patent agent? How 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 upon an invention. We have been trying to find a good reputable agent to help me that will charge a good amount. I realize you used so-and-so. Can you recommend them?” In order to discover the contact details from the inventor make use of a people search tool like http://www.whitepages.com. Be aware that sometimes the inventors listed on the patent document will work on behalf of a company and was not responsible for hiring the attorney or agent that handled the patent process. In this case, it would not appropriate to make contact with the inventor. These sorts of arrangements along with a possible means of identifying them are discussed in greater detail later.
2. From previous patents you can also compile a summary of assignees that may be interested in licensing your invention. The assignee listed on the patent document is actually a person or company who was not the inventor, but was issued ownership or part owner from the patent. Most patents that list assignees are the ones where the inventor, or inventors work for any company within the company’s research and development department. Within the employment contract, the company has ownership rights to the invention developed by the staff member. Patent documents that may involve this type of arrangement are often easy to spot. Some possible signs are when several inventors are listed on the patent and once the invention is highly technical. Unfortunately, it is sometimes hard to figure out. If it’s not obvious, you just have to call and inquire. Even if the assignee is really a company that has a research and development department, it doesn’t mean that they would not be interested in licensing your invention. Because they already have shown that they are in business with products comparable to yours, they may additionally be adding How To Patent Ideas to their product line. In the event the assignee is an individual, it’s hard to find out why there is an assignment. You’ll never really know before you call and ask. Compose a list of assignees and also at the right time, don’t hesitate get in touch with them. Should you not possess a patent, just before revealing any details about your invention be sure to 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 the patent document is the name and address in the inventor. (I’m talking about inventors that work in a private capacity rather than as being an employee of the company.) An inventor of any product comparable to yours can become a gold mine of data for you. Most people could be fearful of contacting the inventor thinking of them as a competitor, having said that i tell you, it really is worth the potential risk of having the phone hung on you. Besides, you would be surprised regarding how friendly a lot of people are really 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. You will have many people may not want to speak to you, but I’ll say it again, you’ll never know before you ask! If you do decide to contact an inventor remember you happen to be there to gather information, not give information. Should they start asking questions that you simply don’t feel relaxed answering simple say something like “I know you’ll discover why I can’t share that information since I do not possess a patent as yet.” Many people will understand and not be offended. You will find people that failed at achieving success making use of their invention and will attempt to discourage you. Here is where you should have a thick skin. Pay attention to what they say, for they may share information together with you that you really need to consider, but don’t let them steal your ideal given that they failed. The reason behind their failure may not pertain to you. Incidentally, you may have the capacity to capitalize off their failure. Read number four below and you will see what I mean.
4. While doing a patent search, if it is found that someone else has now received a patent on the idea, the tendency is made for people to stop right there. However, choosing a previous patent upon an invention idea will not necessarily mean the game has ended. The patent protection may be alive and well, nevertheless the inventor’s drive and enthusiasm for invention may not. They may have cast aside trying to make money off their invention. Let me explain. Unfortunately, a lot of people feel that when they obtain a patent on their own invention, the cash will virtually start rolling in. They may have associated the idea of possessing a patent as being similar to winning the lottery. They think all they must do is get the patent, speak to a few big companies, license their patent to one, then sit back and wait on the checks. Once this fails to happen, they see themselves faced with having to run the organization. This includes paying for the manufacturing as well as the costs of marketing to put it mildly. Faced with this thought, many people get discouraged and give up. There is no telling how many good inventions already patented are collecting dust in garages throughout America for this very reason. I’m speaking about inventions who have real possible ways to make plenty of money if handled correctly. To keep this from happening to you personally read “Collect Cash with Your Invention, Not Dust” by Jack Lander. For inventions where inventor has cast aside, will it be easy to buy the rights to this kind of invention for little money and market it yourself? You bet it might! Some individuals will be happy to just get back the expense of their patent. Others may rather get yourself a small piece of the pie. I am just speaking about an extremely small piece. However, you will have people who would rather let the ship sink than let another person earn money off their baby.
Before speaking with someone about the rights with their invention, you must understand the following:
After receiving utility patents, maintenance fees have to be paid in order to help keep 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 compared to end of years 4, 8 and 12 through the date the patent was issued for your patent protection to stay in force. When the maintenance fee will not be paid each and every time it is due, the patent protection will lapse and will no longer be in force. However, you will find a grace period after the due date where the maintenance fee can be paid, together with other re-instatement fees, and also the patent protection will be reinstated.
So, in the event that Idea Inventhelp has been previously patented or perhaps you find a thing that looks interesting to you personally, and you will have never seen it on the market, contact the inventor and learn what is happening. Be question of fact regarding it. Tell the person you may be interested in purchasing their patent and discover what it would take so they can assign it to you. Make sure they know you are a private individual and never a huge company. You may be blown away concerning the number of patents you can pick up. By the way, I highly atgjlh hiring an attorney to check in to the status of the patent, price of reinstatement, maintenance and other fees, prepare all contracts and advise on any patents you are interested in acquiring. I’m no attorney and I’m not giving you any legal or professional advice.
When I stated earlier, these are just several possible ways you can utilize information from patent documents. Don’t be limited to just the ways which can be presented here. Use your imagination. Find the gold which everybody else is overlooking!