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 somebody 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 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 how you can utilize information found in the past patent documents can increase the probability of success with Inventhelp Inventor as well as create other possible means of earning money. Here I will show you creative approaches to utilize information found in previously issued patent documents including methods could turn some good info into gold. I will not, however, show you every possible way way you can make use of the information in patent documents. You may think of new ways yourself that have never been thought of before. Let’s go on and take a look at four possible approaches 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 all the patenting process, why not take down the names and address of law firms or patent agents you locate listed on patent document when performing a patent search. When the address is not really given, conduct a Google type search with the information that is listed. Obviously, just because a firm may have already handled the patenting of the invention comparable to yours doesn’t necessarily mean these are right to suit your needs. Would you like to know an excellent source to find out whether you should consider using the same law firm or patent agent? What 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 upon an invention. We have been searching for a good reputable agent to aid me that can charge a reasonable amount. I realize you used so-and-so. Could you recommend them?” In order to discover the contact information from the inventor make use of a people search tool like http://www.whitepages.com. Remember that sometimes the inventors listed on the patent document work for a company and had not been in charge of hiring the attorney or agent that handled the patent process. In this case, it could not really appropriate to make contact with the inventor. These sorts of arrangements along with 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 really 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 ones where inventor, or inventors work for a company in the company’s research and development department. Within the employment contract, the company has ownership rights to any invention developed by the staff member. Patent documents that may involve this type of arrangement are often simple to spot. Some possible signs are when several inventors are listed on the patent so when the invention is highly technical. Unfortunately, sometimes it is hard to find out. If it’s not obvious, you just must call and ask. Even when the assignee is a company that includes a research and development department, it doesn’t mean that they would not be interested in licensing your invention. Since they already have shown they are in business with products comparable to yours, they may also be adding Inventhelp Success Stories with their product line. If 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. Compose a list of assignees as well as at the right time, don’t hesitate to make contact with them. Should you not have a patent, prior to revealing any details about your invention be sure to protect yourself having a non-disclosure or similar form 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 talking about inventors that work in a private capacity rather than as being an employee of the company.) An inventor of the product comparable to yours can be a gold mine of knowledge for you personally. Many people would be scared of contacting the inventor thinking about them as being a competitor, however i let you know, it is actually worth the risk of getting the phone hung on you. Besides, you would be surprised regarding how friendly most people are really and exactly how willing they are to give you advice and share their experiences. Tap in to 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 before you ask! Should you decide to make contact with an inventor remember you might be there to gather information, not give information. When they start asking questions that you simply don’t feel relaxed answering simple say something like “I know you’ll discover why I can’t share that information since I do not possess a patent as yet.” Many people will understand and never be offended. You will find individuals who failed at being successful with their invention and definately will make an effort to discourage you. This is where you should have a thick skin. Pay attention to what they are saying, for they may share information together with you that you will need to consider, but don’t let them steal your dream since they failed. The reason for their failure may not affect you. By the way, 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, should it be found that somebody else has 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 fails to necessarily mean the video 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 trying to make money off their invention. Let me explain. Unfortunately, lots of people believe that when they get yourself a patent on their own invention, the cash will virtually start rolling in. They have associated the concept of having a patent to be similar to winning the lottery. Believe that all they need to do is obtain the patent, speak to a few big companies, license their patent to one, then sit back and wait on the checks. Once this does not happen, they see themselves up against having to run the organization. This can include paying for the manufacturing and also the costs of advertising to put it mildly. Faced with this thought, some people get discouraged and give up. There is absolutely no telling how many good inventions already patented are collecting dust in garages around America for this particular very reason. I’m speaking about inventions who have real possibility to make plenty of money if handled correctly. To maintain this from happening to you read “Collect Money using Your Invention, Not Dust” by Jack Lander. For inventions where the inventor has given up, would it be easy to purchase the rights to this type of 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 get a small part of the pie. I am talking about a really small piece. However, there will be those that prefer to let the ship sink than let someone else generate income off their baby.
Before speaking with someone concerning the rights for their invention, you must know the following:
After receiving utility patents, maintenance fees are required to be paid in order to maintain the patent defense against expiring. This is true 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 the patent protection to keep in force. When the maintenance fee will not be paid each and every time it really is due, the patent protection will lapse and can not be in force. However, you will find a grace period following the due date wherein 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 Inventor Ideas continues to be previously patented or you find something that looks interesting to you, and you will have never seen it on the market, contact the inventor and discover what is happening. Be matter of fact about this. Tell anyone you may be curious about purchasing their patent and find out what it would take so they can assign it to you personally. Ensure they know you happen to be private individual and never a large company. You may be amazed regarding the number of patents you can pick up. Anyway, I highly atgjlh hiring a lawyer to check in to the status from the patent, price 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 giving you any legal or professional advice.
Because I stated earlier, these are just a few possible ways you can utilize information from patent documents. Don’t be limited to just the methods which are presented here. Be imaginative. Get the gold that everyone else is overlooking!