Typically, the top reason people conduct patent searches and read patent documents is to find out 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 someone that thinks outside 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 to utilize information found in previous patent documents can increase the probability of success with Invention Help Companies as well as create other possible methods for earning money. Here I will show you creative methods 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 use the information in patent documents. You may develop new ways yourself that have never been looked at before. Let’s go ahead and have a look at 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 with the patenting process, why not take down the names and address of lawyers or patent agents you discover listed on patent document when performing a patent search. In the event the address is not given, conduct a Google type search with the information which is listed. Obviously, just since a firm may have previously handled the patenting of an invention similar to yours doesn’t necessarily mean they may be right for you personally. Would you like to know a good source for finding out whether you should consider using the same law firm or patent agent? Think about talking to 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 with an invention. I have been looking for a good reputable agent to assist me that will charge a reasonable amount. I realize you used so-and-so. Would you recommend them?” In order to locate the contact details from the inventor utilize a people search tool such as http://www.whitepages.com. Remember 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. In this particular case, it could not really appropriate to contact the inventor. These sorts of arrangements and a possible way of identifying them are discussed in greater detail later.
2. From previous patents you can also compile a summary 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 in the patent. Most patents that list assignees are ones where the inventor, or inventors work for a company within the company’s research and development department. Included in the employment contract, the company has ownership rights to the invention developed by the worker. 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 very technical. Unfortunately, it is sometimes hard to figure out. If it’s not obvious, you just have to call and ask. Even when the assignee is really a company that has a research and development department, it doesn’t mean which they would not be interested in licensing your invention. Since they already have shown that they are running a business with products comparable to yours, they may additionally be adding Inventhelp Wiki with their product line. In the event the assignee is definitely an individual, it’s hard to find out why there was an assignment. You’ll never really know up until you call and inquire. Create a list of assignees as well as at the right time, don’t hesitate to contact them. If you do not use a patent, just before revealing any details about your invention be sure to protect yourself having a non-disclosure or similar kind of protection agreement signed.
3. Surprisingly, by far the most valuable information you can find on a patent document will be the name and address from the inventor. (I’m discussing inventors that work in a private capacity and not as being an employee of any company.) An inventor of any product much like yours can be considered a gold mine of data for you. Many people would be fearful of contacting the inventor considering them as being a competitor, however i let you know, it is actually worth the risk of obtaining 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 offer you advice and share their experiences. Tap into the knowledge they gained through their experience. You will have many people may not need to speak with you, but I’ll say it again, you’ll never know until you ask! If you do choose to make contact with an inventor remember you happen to be there to collect information, not give information. When they start asking them questions that you simply don’t feel at ease answering simple say something like “I know you’ll realize why I can’t share that information since i have do not possess a patent as yet.” Most people will understand and not be offended. You will come across individuals who failed at becoming successful with their invention and can make an effort to discourage you. This is when you should have a thick skin. Listen to what they say, for they may share information with you that you really need to consider, but don’t let them steal your ideal since they failed. The explanation for their failure may not pertain to you. By the way, you may have the ability to capitalize off their failure. Read number four below and you will definitely see the things i mean.
4. While performing a patent search, if it is found that somebody 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 the game has ended. The patent protection may be alive and well, but the inventor’s drive and enthusiasm for invention may not really. They may have abandoned attempting to make money off their invention. Let me explain. Unfortunately, a lot of people think that after they get a patent on the invention, the money will virtually start rolling in. They may have associated the concept of possessing a patent as being similar to winning the lottery. Believe that all they need 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. If this does not happen, they see themselves up against needing to run the company. This includes paying for the manufacturing and the costs of promoting to put it mildly. Faced with this thought, some people get discouraged and provide up. There is absolutely no telling the amount of good inventions already patented are collecting dust in garages throughout America for this particular very reason. I’m referring to inventions who have real possibility to make a lot of money if handled correctly. To help keep this from happening to you personally read “Collect Cash with Your Invention, Not Dust” by Jack Lander. For inventions in which the inventor has given up, would it be possible to get the rights to such an invention for little money and market it yourself? You bet it would! Many people will be happy to just get back the cost of their patent. Others may rather obtain a small part of the pie. I am referring to an extremely small piece. However, you will see those that would rather let the ship sink than let another person earn money off their baby.
Before speaking to someone regarding the rights with their invention, you must know the following:
After receiving utility patents, maintenance fees must be paid in order to maintain the patent protection from expiring. This really is in the event the utility patent was issued on or after December 12, 1980. Maintenance fees are due no later compared to the end of years 4, 8 and 12 from your date the patent was issued for that patent protection to remain in force. When the maintenance fee is not really paid each time it is actually due, the patent protection will lapse and can no longer be in force. However, you will find a grace period right after the due date in which the maintenance fee can be paid, together with other re-instatement fees, and the patent protection will be reinstated.
So, in the event that Inventhelp Product License 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 find out what is going on. Be case of fact about this. Tell the person you may be interested in purchasing their patent and discover what it would take to allow them to assign it to you. Ensure they know you are a private individual and not a large company. You may be surprised regarding the number of patents you can pick up. Incidentally, I highly atgjlh hiring legal counsel to check into the status of the patent, expense of reinstatement, maintenance and other fees, prepare all contracts and advise on any patents you are considering acquiring. I’m not an attorney and I’m not offering you any legal or professional advice.
When I stated earlier, they are just a few possible ways you can utilize information from patent documents. Don’t be limited to just the ways which are presented here. Use your imagination. Get the gold which everybody else is overlooking!