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 someone else. They totally ignore possible hidden treasures that may also be found in previously issued patent documents. For those who have an understanding 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 the best way to utilize information found in the past patent documents can increase the chances of success with How To Patent Ideas 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 that could turn some good info into gold. I will not, however, show you every way possible way you can utilize the information in patent documents. You may think of new ways yourself that have never been looked at before. Let’s go ahead and have a look at four possible approaches to use information found in previously issued patent documents.
1. If you’re searching for a patent attorney or agent to help you with all the patenting process, why not take down the names and address of law firms or patent agents you find listed on patent document when performing a patent search. When the address will not be given, conduct a Google type search with all the information that is listed. Obviously, just since a firm may already have handled the patenting of an invention much like yours doesn’t necessarily mean they may be right for you. Do you want to know an excellent source to find out whether you should think about using the same law firm or patent agent? Think about speaking with the inventor listed on the patent document? That’s right, call the inventor, introduce yourself and say, “I’m during this process of getting a patent on an invention. I actually have been looking for a good reputable agent to assist me which will charge a good amount. I realize you used so-and-so. Can you recommend them?” In order to discover the contact information of the inventor utilize a people search tool including http://www.whitepages.com. Bear in mind that sometimes the inventors listed on the patent document work on behalf of a company and was not accountable for hiring the attorney or agent that handled the patent process. Within this case, it could not really appropriate get in touch with the inventor. These kinds of arrangements as well as a possible method of identifying options are discussed in depth later.
2. From previous patents you can also compile a list of assignees that may be interested in licensing your invention. The assignee listed on the patent document is actually 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 the 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 the 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 and when the invention is very technical. Unfortunately, sometimes it is hard to determine. If it’s not obvious, you just must call and inquire. Even when the assignee is a company that includes a research and development department, it doesn’t mean that they would not be curious about licensing your invention. Given that they have previously shown they are in operation with products comparable to yours, they may also be adding Inventhelp Number to 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 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 possess a patent, before revealing any details about your invention be sure to protect yourself with 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 a patent document is the name and address of the inventor. (I’m talking about inventors that work in a private capacity and never as being an employee of any company.) An inventor of the product similar to yours can become a gold mine of knowledge for you. Most people would be fearful of contacting the inventor thinking of them as being a competitor, however i let you know, it really is worth the risk of obtaining the phone hung up on you. Besides, you will be surprised concerning how friendly a lot of people really are and just how willing they will be 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 talk to you, but I’ll say it again, you’ll never know before you ask! If you do opt to contact an inventor remember you are there to gather information, not give information. Should they start asking questions which you don’t feel comfortable 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 and not be offended. You will find people that failed at becoming successful using their invention and will attempt to discourage you. This is when you must have a thick skin. Listen to whatever they say, for they may share information with you that you will need to consider, but don’t let them steal your ideal given that they failed. The reason behind their failure may not apply to you. Incidentally, you may be able to capitalize off their failure. Read number four below and you will definitely see the things i mean.
4. While carrying out a patent search, when it is found that someone else has already received a patent on the idea, the tendency is made for individuals to stop right there. However, finding a previous patent upon an invention idea will not necessarily mean the 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 a patent on the invention, the cash will virtually start rolling in. They have got associated the concept of owning a patent as being much like winning the lottery. Believe that all they need to do is get the patent, talk 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 having to run the business. This consists of paying for the manufacturing as well as the costs of advertising to put it mildly. Faced with this thought, many people get discouraged and present up. There is not any telling how many good inventions already patented are collecting dust in garages throughout America for this particular very reason. I’m referring to inventions who have real possible ways to make tons of money if handled correctly. To keep this from happening to you read “Collect Cash with Your Invention, Not Dust” by Jack Lander. For inventions in which the inventor has cast aside, would it be possible to buy the rights to such an invention for little money and market it yourself? You bet it would! Some individuals will be glad to just get back the expense of their patent. Others may rather get yourself a small piece of the pie. I am speaking about an extremely small piece. However, you will have people who prefer to let the ship sink than let another person make money off their baby.
Before speaking to someone regarding the rights with their invention, you must know these:
After receiving utility patents, maintenance fees have to be paid in order to help keep the patent defense against expiring. This really is in the event 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 stay in force. In the event the maintenance fee is not really paid every time it is actually due, the patent protection will lapse and will no longer be in force. However, you will find a grace period right after the due date where the maintenance fee can be paid, together with other re-instatement fees, and also the patent protection is going to be reinstated.
So, in the event that Invent Help Patent Invention has been previously patented or you find something which looks interesting for you, and you have never seen it on the market, contact the inventor and discover what is going on. Be case of fact about it. Tell anyone you may be interested in purchasing their patent and learn what it really would take so they can assign it to you. Make sure they know you happen to be private individual rather than a large company. You may be surprised as to the amount of patents you can pick up. Incidentally, I highly atgjlh hiring legal counsel to check in to the status of the patent, price of reinstatement, maintenance as well as 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.
As I stated earlier, these are just several possible ways you can utilize information from patent documents. Don’t be confined to just the ways which are presented here. Be imaginative. Get the gold that everybody else is overlooking!