Typically, the main 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. If 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 the box only when inventing. Thinking outside of the box when deciding how you can utilize information found in the past patent documents can increase the likelihood of success with Inventhelp Inventions Store as well as create other possible ways of making money. Here I will 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 possible way way you can use the information in patent documents. You may come up with new ways yourself that have never been thought of before. Let’s go ahead and check out four possible ways to use information found in previously issued patent documents.
1. If you’re looking for a patent attorney or agent that will help you using 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 is not really given, conduct a Google type search using the information that is certainly listed. Obviously, just because a firm may already have handled the patenting of an invention comparable to yours doesn’t necessarily mean these are right for you personally. Would you like to know a great source to find out whether you should look at using 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 in the process of obtaining a patent on an invention. We have been looking for a good reputable agent to help me that can charge a reasonable amount. I understand you used so-and-so. Could you recommend them?” In order to find the contact details in the inventor use a people search tool such as http://www.whitepages.com. Remember that sometimes the inventors listed on the patent document will work for a company and had not been responsible for hiring the attorney or agent that handled the patent process. In this case, it could not be appropriate get in touch with the inventor. These sorts of arrangements as well as a possible method of identifying these are discussed in depth 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 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 to get a company within the company’s research and development department. Included in the employment contract, the company has ownership rights to any invention created by the staff member. Patent documents that may involve this kind of arrangement are often very easy to spot. Some possible signs are when several inventors are listed on the patent and once 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 in the event 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. Because they already have shown they are running a business with products much like yours, they may also be adding Inventhelp Store Products to their product line. When the assignee is surely an individual, it’s hard to figure out why there is an assignment. You’ll never really know before you call and ask. Make a list of assignees and also at the right time, don’t be afraid to contact them. If you do not have a patent, prior to revealing any information regarding your invention be sure to protect yourself having a non-disclosure or similar kind of protection agreement signed.
3. Believe it or not, by far the most valuable information you can find on a patent document will be the name and address in the inventor. (I’m discussing inventors that work in a private capacity and never being an employee of the company.) An inventor of any product much like yours can be a gold mine of information for you personally. Many people would be afraid of contacting the inventor thinking about them being a competitor, however i inform you, it is worth the potential risk of having the phone hung up on you. Besides, you will be surprised as to how friendly most people are really and just how willing they are to give you advice and share their experiences. Tap into the knowledge they gained through their experience. There will be many people may not need to speak with you, but I’ll say it again, you’ll never know up until you ask! Should you choose to make contact with an inventor remember you are there to gather 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 discover why I can’t share that information since i have do not possess a patent as yet.” Most people will understand rather than be offended. You will find people who failed at becoming successful making use of their invention and can attempt to discourage you. This is where you must have a thick skin. Listen to whatever they say, for they may share information with you that you should consider, but don’t let them steal your ideal simply because they failed. The explanation for their failure may not affect you. Anyway, you may be able to capitalize off their failure. Read number four below and you will definitely see the things i mean.
4. While performing a patent search, when it is found that someone else has received a patent on the idea, the tendency is made for people to stop right there. However, finding a previous patent with an invention idea will not necessarily mean this game is over. The patent protection may be alive and well, however the inventor’s drive and enthusiasm for invention may not be. They may have cast aside trying 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 associated the idea of possessing a patent for being comparable to winning the lottery. They believe all they have to do is get the patent, contact a few big companies, license their patent to 1, then sit back and wait on the checks. If this will not happen, they see themselves up against needing to run the organization. This can include paying for the manufacturing as well as the costs of promoting to put it mildly. Faced with this thought, some individuals get discouraged and present up. There is not any telling the amount of good inventions already patented are collecting dust in garages all over America for this particular very reason. I’m talking about inventions which have real possible ways to make a lot of money if handled correctly. To maintain this from happening to you 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 such an invention for little money and market it yourself? You bet it would! Some people will be glad to just get back the cost of their patent. Others may rather obtain a small part of the pie. I am speaking about a really small piece. However, you will see those who would prefer to let the ship sink than let someone else generate income off their baby.
Before talking to someone regarding the rights to their invention, you need to understand the subsequent:
After receiving utility patents, maintenance fees must be paid in order to keep the patent defense against expiring. This is correct if 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 the date the patent was issued for that patent protection to remain in force. If the maintenance fee is not paid every time it really is due, the patent protection will lapse and will no longer be in force. However, there exists a grace period right after the due date in which the maintenance fee can be paid, together with other re-instatement fees, as well as the patent protection is going to be reinstated.
So, if you find that Inventhelp Locations has become previously patented or 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 question of fact about it. Tell the individual you may be curious about purchasing their patent and learn what it would take so they can assign it to you. Ensure they know you happen to be private individual and not a huge company. You may be blown away regarding the amount of patents you can pick up. By the way, I highly atgjlh hiring legal counsel to check in to the status in the patent, expense of reinstatement, maintenance and other fees, prepare all contracts and advise on any patents you are considering acquiring. I’m no attorney and I’m not providing you with any legal or professional advice.
As I stated earlier, these are generally just several possible ways you can utilize information from patent documents. Don’t be limited to just the ways that are presented here. Be imaginative. Get the gold that everybody else is overlooking!