Typically, the main reason people conduct patent searches and read patent documents is to find out 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. For those who have an idea 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 to utilize information found in previous patent documents can increase the chances of success with Inventhelp Commercial as well as create other possible means of earning money. Here I will show you creative ways 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 looked at before. Let’s go ahead and check out 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 help you using the patenting process, why not take down the names and address of lawyers or patent agents you find listed on patent document when conducting 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 have already handled the patenting of your invention comparable to yours doesn’t necessarily mean these are right for you. Do you want to know a good source for finding out whether you should consider using the same law firm or patent agent? What about speaking with 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 with an invention. I actually have been trying to find a good reputable agent to aid me that will charge a reasonable amount. I realize you used so-and-so. Would you recommend them?” In order to discover the contact details of the inventor use a people search tool including http://www.whitepages.com. Bear in mind that sometimes the inventors listed on the patent document are working on the part of a company and was not accountable for hiring the attorney or agent that handled the patent process. Within this case, it would not appropriate get in touch with the inventor. These kinds of arrangements along with a possible method of identifying these 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 has 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 for a company in the company’s research and development department. As part of the employment contract, the company has ownership rights to the invention created by the employee. Patent documents that may involve this type of arrangement are occasionally easy to spot. Some possible signs are when several inventors are listed on the patent and when the invention is extremely technical. Unfortunately, it is sometimes hard to figure out. If it’s not obvious, you just must call and inquire. Even if the assignee is a company which has a research and development department, it doesn’t mean which they would not be curious about licensing your invention. Because they have previously shown that they are in operation with products much like yours, they may also be adding Inventhelp Company with their product line. When the assignee is definitely an individual, it’s hard to figure out why there was an assignment. You’ll never really know up until you call and ask. Create a list of assignees and also at the right time, don’t hesitate get in touch with them. Should you not have a patent, before revealing any information regarding your invention be sure to protect yourself by having a non-disclosure or similar kind of protection agreement signed.
3. Surprisingly, the most valuable information you can find on the patent document is definitely the name and address from the inventor. (I’m talking about inventors that work in a private capacity and not as an employee of any company.) An inventor of the product comparable to yours can be a gold mine of data to suit your needs. Many people would be fearful of contacting the inventor considering them as a competitor, but I tell you, it really is worth the potential risk of obtaining the phone hung on you. Besides, you will be surprised concerning how friendly most people are really and how willing they are to provide you with advice and share their experiences. Tap into the knowledge they gained through their experience. You will see many people may not want to speak with you, but I’ll say it again, you’ll never know until you ask! Should you do choose to make contact with an inventor remember you might be there to accumulate information, not give information. If they start asking them questions that you don’t feel comfortable 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.” Many people will understand and not be offended. You will find people who failed at becoming successful using their invention and can attempt to discourage you. This is when you must have a thick skin. Pay attention to the things they say, for they may share information along with you that you should consider, but don’t let them steal your perfect since they failed. The reason behind their failure may not pertain to you. Incidentally, you may be able to capitalize off their failure. Read number four below and you will definitely see what I mean.
4. While carrying out a patent search, when it is found that somebody else has already received a patent on the idea, the tendency is made for people to stop right there. However, finding a previous patent on an invention idea fails to necessarily mean the game is finished. The patent protection may be alive and well, however the inventor’s drive and enthusiasm for his or her invention may not. They may have given up trying to make money off their invention. Let me explain. Unfortunately, lots of people believe that when they get a patent on their invention, the money will virtually start rolling in. They have associated the idea of possessing a patent to be comparable to winning the lottery. They believe all they must do is get the patent, talk to a few big companies, license their patent to 1, then sit back and wait on the checks. If this fails to happen, they see themselves up against needing to run the organization. This can include investing in the manufacturing and also the costs of marketing as you would expect. Confronted with this thought, some individuals get discouraged and give up. There is absolutely no telling the amount of good inventions already patented are collecting dust in garages around America for this particular very reason. I’m talking about inventions that have real potential to make tons of money if handled correctly. To help keep this from happening for you read “Collect Money with Your Invention, Not Dust” by Jack Lander. For inventions where inventor has given up, will it be easy to purchase the rights to this type of invention for little money and market it yourself? You bet it would! Some individuals will gladly just get back the expense of their patent. Others may rather get a small bit of the pie. I am just speaking about a very small piece. However, you will have people who would prefer to let the ship sink than let somebody else earn money off their baby.
Before speaking to someone about the rights to their invention, you must understand these:
After receiving utility patents, maintenance fees have to be paid in order to 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 than the end of years 4, 8 and 12 from your date the patent was issued for that patent protection to keep in force. If the maintenance fee will not be paid each and every time it is due, the patent protection will lapse and definately will no longer be in force. However, there is a grace period right after the due date where the maintenance fee can be paid, along with other re-instatement fees, as well as the patent protection will likely be reinstated.
So, if you find that New Invention Ideas has become previously patented or 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 question of fact about this. Tell the person you may be interested in purchasing their patent and find out exactly what it would take to allow them to assign it for you. Make sure they know you are a private individual rather than a huge company. You may be amazed as to the number of patents you can pick up. Incidentally, I highly atgjlh hiring an attorney to check to the status of the patent, expense of reinstatement, maintenance and other fees, prepare all contracts and advise on any patents you are looking at acquiring. I’m no attorney and I’m not giving you any legal or professional advice.
When I stated earlier, these are generally just several possible ways you can utilize information from patent documents. Don’t be confined to just the methods which can be presented here. Use your imagination. Get the gold that everybody else is overlooking!