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. In case you have an idea for an invention then you are probability somebody that 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 the past patent documents can increase the likelihood of success with How To Patent Ideas as well as create other possible ways of earning money. Here I am going to show you creative approaches to utilize information found in previously issued patent documents including ways that could turn some information into gold. I will not, however, show you every way possible way you can use the information in patent documents. You may think of new ways yourself that have never been looked at before. Let’s go on and check out four possible ways 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 lawyers or patent agents you locate 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 that is certainly listed. Obviously, just just because a firm may have previously handled the patenting of your invention similar to yours doesn’t necessarily mean they may be right to suit your needs. Do you wish to know a good source to find out whether you should think about utilizing the same law firm or patent agent? Think about speaking to the inventor listed on the patent document? That’s right, call the inventor, introduce yourself and say, “I’m during this process of obtaining a patent upon an invention. We have been searching for a good reputable agent to assist me that can charge a good amount. I understand you used so-and-so. Could you recommend them?” In order to discover the contact details of the inventor utilize a people search tool like http://www.whitepages.com. Bear in mind that sometimes the inventors listed on the patent document will work on behalf of a company and had not been responsible for hiring the attorney or agent that handled the patent process. In this case, it might not really appropriate to make contact with the inventor. These kinds of arrangements as well as a possible means of identifying them are discussed in greater 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 a person or company who had been not the inventor, but was issued ownership or part owner of the patent. Most patents that list assignees are the ones where the inventor, or inventors work for any company inside the company’s research and development department. Within the employment contract, the company has ownership rights to the invention created by the staff member. Patent documents that may involve this kind of arrangement are occasionally simple to spot. Some possible signs are when several inventors are listed on the patent and once the invention is extremely technical. Unfortunately, sometimes it is hard to determine. If it’s not obvious, you just have to call and ask. Even when the assignee is actually a company that includes a research and development department, it doesn’t mean that they would not be interested in licensing your invention. Because they have already shown they are in business with products comparable to yours, they may even be adding Inventhelp Patent Services to their product line. If the assignee is surely an individual, it’s hard to figure out why there was an assignment. You’ll never really know until you call and get. Make a list of assignees and at the right time, don’t be scared to make contact with them. Unless you possess a patent, prior to revealing any details about your invention ensure that you protect yourself by having a non-disclosure or similar kind of protection agreement signed.
3. Truth be told, by far the most valuable information you can find over a patent document is definitely the name and address of the inventor. (I’m referring to inventors that work in a private capacity and never as being an employee of a company.) An inventor of the product comparable to yours can be considered a gold mine of information for you. Most people could be afraid of contacting the inventor thinking about them as a competitor, however i let you know, it is worth the potential risk of getting the phone hung high on you. Besides, you will be surprised as to how friendly most people actually are and just how willing they are to provide you with advice and share their experiences. Tap to the knowledge they gained through their experience. You will have some people may not want to talk to you, but I’ll say it again, you’ll never know up until you ask! Should you do choose to make contact with an inventor remember you happen to be there to gather information, not give information. Should they start asking questions which you don’t feel relaxed answering simple say something like “I know you’ll understand why I can’t share that information since i have do not possess a patent as yet.” A lot of people will understand and not 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 where you should have a thick skin. Listen to what they are saying, for they may share information together with you that you really need to consider, but don’t let them steal your ideal simply because they failed. The reason for their failure may not affect you. By the way, you may have the ability to capitalize off their failure. Read number four below and you may see what I mean.
4. While carrying out a patent search, should it be found that someone else has received a patent on the idea, the tendency is perfect for people to stop right there. However, finding a previous patent on an invention idea does not necessarily mean this game is over. The patent protection may be alive and well, however the inventor’s drive and enthusiasm for their invention may not be. They may have abandoned working to make money off their invention. Let me explain. Unfortunately, many people believe that after they obtain a patent on the invention, the amount of money will virtually start rolling in. They have got associated the idea of possessing a patent for being much like winning the lottery. Believe that all they need to do is obtain the patent, contact a few big companies, license their patent to 1, then sit back and wait on the checks. When this does not happen, they see themselves up against needing to run the company. This includes investing in the manufacturing as well as the costs of advertising as you would expect. Faced with this thought, many people get discouraged and give up. There is not any telling the number of good inventions already patented are collecting dust in garages throughout America for this very reason. I’m referring to inventions that have real potential to make tons of money if handled correctly. To maintain this from happening for you read “Collect Money with Your Invention, Not Dust” by Jack Lander. For inventions where inventor has cast aside, would it be possible to purchase the rights to such an invention for little money and market it yourself? You bet it could! Many people will gladly just get back the price of their patent. Others may rather get a small part of the pie. I am just speaking about a really small piece. However, there will be those that prefer to let the ship sink than let someone else make money off their baby.
Before speaking with someone regarding the rights with their invention, you must understand the following:
After receiving utility patents, maintenance fees are required to be paid in order to maintain the patent protection from expiring. This is true if 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 the patent protection to keep in force. If the maintenance fee is not really paid each time it is actually due, the patent protection will lapse and can not be in force. However, there exists 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 will be reinstated.
So, if you find that Inventhelp Successful Inventions has become previously patented or else you find something which looks interesting to you personally, and you have never seen it on the market, contact the inventor and find out what is happening. Be matter of fact about it. Tell the individual you may be curious about purchasing their patent and learn exactly what it would take for them to assign it for you. Ensure they know you happen to be private individual rather than a large company. You may be surprised regarding the amount of patents you can pick up. Anyway, I highly atgjlh hiring legal counsel to check into the status from the patent, price of reinstatement, maintenance and other fees, prepare all contracts and advise on any patents you are interested in acquiring. I’m not an attorney and I’m not providing you with any legal or professional advice.
Because I stated earlier, these are just several possible ways you can utilize information from patent documents. Don’t be restricted to just the ways which can be presented here. Be creative. Discover the gold that everyone else is overlooking!