Typically, the top reason people conduct patent searches and read patent documents is to determine 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. In case you have a concept for an invention then you are probability somebody that thinks outside of the box. Why stop there? Don’t limit yourself to thinking outside the box only when inventing. Thinking outside the box when deciding how to utilize information found in the past patent documents can increase the probability of success with Inventhelp Commercial as well as create other possible methods for 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 information into gold. I will not, however, show you every way possible way you can utilize the information in patent documents. You may come up with new ways yourself that have never been considered before. Let’s go ahead 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 to assist you with the patenting process, why not take down the names and address of law offices or patent agents you locate listed on patent document when conducting a patent search. When the address will not be given, conduct a Google type search with all the information which is listed. Obviously, just because a firm may have already handled the patenting of the invention comparable to yours doesn’t necessarily mean these are right to suit your needs. Would you like to know an excellent source for finding out whether you should think about 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 in the process of obtaining a patent on an invention. I have been looking for a good reputable agent to help me that will charge a good amount. I understand you used so-and-so. Could you recommend them?” In order to locate the contact info 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 are working for a company and was not responsible for hiring the attorney or agent that handled the patent process. In this case, it would not be appropriate to contact the inventor. These kinds of arrangements and a possible method of identifying them are discussed in depth later.
2. From previous patents you can also compile a summary of assignees that may be curious about licensing your invention. The assignee listed on the patent document is a person or company who had been not the inventor, but was issued ownership or part owner from the patent. Most patents that list assignees are ones where inventor, or inventors work to get a company in the company’s research and development department. Within the employment contract, the company has ownership rights to any invention produced by the staff member. Patent documents that may involve this type of arrangement are sometimes simple to spot. Some possible signs are when several inventors are listed on the patent so when the invention is highly technical. Unfortunately, it is sometimes hard to determine. If it’s not obvious, you just need to call and inquire. Even when the assignee is really a company that has 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 business with products comparable to yours, they may additionally be adding How To Apply For A Patent With Inventhelp to their product line. When the assignee is definitely an individual, it’s hard to find out why there was an assignment. You’ll never really know before you call and inquire. Make a list of assignees and also at the right time, don’t hesitate to make contact with them. Unless you use a patent, before revealing any information about your invention make sure to protect yourself by having a non-disclosure or similar type of protection agreement signed.
3. Surprisingly, the most valuable information you can find over a patent document is the name and address of the inventor. (I’m referring to inventors that work in a private capacity rather than being an employee of the company.) An inventor of any product comparable to yours can be a gold mine of knowledge for you. Many people would be fearful of contacting the inventor considering them being a competitor, however i inform you, it is worth the risk of having the phone hung on you. Besides, you would be surprised as to how friendly many people actually are and just how willing they are to give you advice and share their experiences. Tap in to the knowledge they gained through their experience. You will see some people may not need to speak with you, but I’ll say it again, you’ll never know before you ask! If you do decide to contact an inventor remember you are there to gather information, not give information. If they start asking questions that you simply don’t feel at ease answering simple say something like “I know you’ll understand why I can’t share that information since i have do not have a patent as yet.” A lot of people will understand rather than be offended. You will come across people that failed at becoming successful making use of their invention and will make an effort to discourage you. This is when you must have a thick skin. Listen to what they say, for they may share information along with you that you should consider, but don’t let them steal your perfect simply because they failed. The reason behind their failure may not affect you. Incidentally, you may have the capacity to capitalize off their failure. Read number four below and you may see the things i mean.
4. While doing a patent search, should it be found that someone else has already received a patent on the idea, the tendency is for individuals to stop right there. However, choosing a previous patent on an invention idea will not necessarily mean this game has ended. The patent protection may be alive and well, however the inventor’s drive and enthusiasm for invention may not be. They may have abandoned attempting to make money off their invention. Let me explain. Unfortunately, many people think that when they get yourself a patent on the invention, the money will virtually start rolling in. They have got associated the concept of owning a patent to be comparable to winning the lottery. Believe that all they have to do is have 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 confronted with being forced to run the company. This includes paying for the manufacturing and also the costs of promoting to put it mildly. Faced with this thought, some people get discouraged and present up. There is not any telling the amount of good inventions already patented are collecting dust in garages throughout America for this very reason. I’m talking about inventions which have real possible ways to make tons of money if handled correctly. To help keep this from happening for you read “Collect Cash with Your Invention, Not Dust” by Jack Lander. For inventions in which the inventor has abandoned, would it be easy to buy the rights to such an invention for little money and market it yourself? You bet it might! Many people will be glad to just get back the cost of their patent. Others may rather obtain a small piece of the pie. I am speaking about a very small piece. However, you will have people who would rather let the ship sink than let another person make money off their baby.
Before talking to someone concerning the rights with their invention, you need to understand the subsequent:
After receiving utility patents, maintenance fees are required to be paid in order to 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 from your date the patent was issued for that patent protection to remain in force. If the maintenance fee is not really paid each time it is due, the patent protection will lapse and can no longer be in force. However, there is a grace period after the due date where the maintenance fee can be paid, as well as other re-instatement fees, and also the patent protection is going to be reinstated.
So, if you find that I Have An Invention Where Do I Start continues to be previously patented or else you find something that looks interesting for you, and you will have never seen it on the market, contact the inventor and learn what is going on. Be matter of fact about this. Tell the individual you may be interested in purchasing their patent and learn exactly what it would take to allow them to assign it for you. Make sure they know you are a private individual and never a huge company. You may be amazed concerning the number of patents you can pick up. By the way, I highly atgjlh hiring legal counsel to check to the status of the patent, cost 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 providing you with any legal or professional advice.
When I stated earlier, they are just several possible ways you can utilize information from patent documents. Don’t be limited to just the ways which are presented here. Use your imagination. Discover the gold that everyone else is overlooking!