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 another person. They totally ignore possible hidden treasures that may also be found in previously issued patent documents. If you have an understanding 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 the box when deciding the best way to utilize information found in the past patent documents can increase the likelihood of success with Inventhelp Store Products as well as create other possible ways of making money. Here I will show you creative ways to utilize information found in previously issued patent documents including ways in which could turn some good 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 thought of before. Let’s go ahead and have a look at 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 with all the patenting process, why not take down the names and address of law firms or patent agents you discover 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 which is listed. Obviously, just since a firm may have already handled the patenting of your invention much like yours doesn’t necessarily mean they are right to suit your needs. Do you wish to know an excellent source for finding out whether you should consider utilizing the same law firm or patent agent? How about speaking to the inventor listed on the patent document? That’s right, call the inventor, introduce yourself and say, “I’m along the way of having a patent upon an invention. We 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. Could you recommend them?” In order to locate the contact info in the inventor utilize 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 in charge of hiring the attorney or agent that handled the patent process. Within this case, it would not really appropriate get in touch with the inventor. These types of arrangements as well as a possible method of identifying them are discussed in more detail 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 actually 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 ones where the inventor, or inventors work for any company in the company’s research and development department. Included in the employment contract, the company has ownership rights for any invention developed by the worker. Patent documents that may involve this type of arrangement are occasionally simple to spot. Some possible signs are when several inventors are listed on the patent and when the invention is very technical. Unfortunately, it is sometimes hard to figure out. If it’s not obvious, you just must call and inquire. Even when the assignee is actually 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 running a business with products similar to yours, they may additionally be adding Inventors Help for their product line. When the assignee is definitely an individual, it’s hard to find out why there was clearly an assignment. You’ll never really know up until you call and inquire. Compose a list of assignees and at the right time, don’t hesitate get in touch with them. Unless you use a patent, just before revealing any details about your invention ensure that you protect yourself with 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 is definitely the name and address from the inventor. (I’m referring to inventors that work in a private capacity and not as an employee of any company.) An inventor of a product comparable to yours can be a gold mine of information for you. A lot of people will be fearful of contacting the inventor thinking of them being a competitor, however i tell you, it is actually worth the risk of having the phone hung up on you. Besides, you would be surprised regarding how friendly a lot of people are really and how willing they will be to provide you with advice and share their experiences. Tap to 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 up until you ask! Should you opt to contact an inventor remember you are there to collect information, not give information. If they start asking them questions that you simply don’t feel relaxed answering simple say something like “I know you’ll realize why I can’t share that information since I do not have a patent as yet.” Most people will understand and not be offended. You will find people that failed at being successful with their invention and will attempt to discourage you. Here is where you need to have a thick skin. Tune in to the things they are saying, for they may share information together with you that you really need to consider, but don’t let them steal your dream simply because they failed. The reason for their failure may not apply to you. Anyway, you may have the capacity to capitalize off their failure. Read number four below and you will see what I mean.
4. While carrying out a patent search, when it is found that somebody else has received a patent on the idea, the tendency is for people to stop right there. However, choosing a previous patent with an invention idea does not necessarily mean the game has ended. The patent protection may be alive and well, however the inventor’s drive and enthusiasm for their invention may not. They may have abandoned attempting to make money off their invention. Let me explain. Unfortunately, many people believe that when they get yourself a patent on their invention, the money will virtually start rolling in. They have associated the idea of having a patent as being similar to winning the lottery. They think all they must do is obtain the patent, speak to a few big companies, license their patent to a single, then sit back and wait on the checks. If this does not happen, they see themselves confronted with having to run the business. This includes spending money on the manufacturing as well as the costs of marketing as you would expect. Up against this thought, some people 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 very reason. I’m talking about inventions who have real potential to make plenty 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 abandoned, would it be easy to get the rights to this type of invention for little money and market it yourself? You bet it might! Many people will be glad to just get back the cost of their patent. Others may rather get yourself a small piece of the pie. I am just referring to an extremely small piece. However, you will have those who prefer to let the ship sink than let someone else earn money off their baby.
Before talking to someone regarding the rights to their invention, you must know the following:
After receiving utility patents, maintenance fees must be paid in order to maintain the patent defense against expiring. This really is 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 from your date the patent was issued for your patent protection to remain in force. If the maintenance fee will not be paid each time it is actually due, the patent protection will lapse and will not be in force. However, there is a grace period after the due date in which the maintenance fee can be paid, together with other re-instatement fees, as well as the patent protection will likely be reinstated.
So, in the event that Inventhelp Patent Services continues to be previously patented or perhaps you find something which looks interesting to you, and you will have never seen it on the market, contact the inventor and discover what is going on. Be matter of fact regarding it. Tell the individual you may be interested in purchasing their patent and learn what it would take for them to assign it for you. Ensure they know you happen to be private individual and never a large company. You may be surprised concerning the amount of patents you can pick up. Incidentally, I highly atgjlh hiring legal counsel to check into the status from the patent, expense of reinstatement, maintenance along with other fees, prepare all contracts and advise on any patents you are interested in acquiring. I’m no attorney and I’m not providing you with any legal or professional advice.
When I stated earlier, these are just a few possible ways you can utilize information from patent documents. Don’t be confined to just the methods which are presented here. Be creative. Find the gold that everybody else is overlooking!