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 somebody else. They totally ignore possible hidden treasures that may also be found in previously issued patent documents. If you have a concept for an invention then you are probability someone who thinks outside the box. Why stop there? Don’t limit yourself to thinking outside the box only when inventing. Thinking outside the box when deciding the best way to utilize information found in previous patent documents can increase the probability of success with Inventhelp Invention Service 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 in which could turn some good information into gold. I will not, however, show you every possible way way you can make use of the information in patent documents. You may develop new ways yourself that have never been considered before. Let’s go ahead and check out four possible approaches to use information found in previously issued patent documents.
1. If you’re trying to find a patent attorney or agent that will help you with all 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 the information which is listed. Obviously, just just because a firm may have already handled the patenting of an invention comparable to yours doesn’t necessarily mean these are right to suit your needs. Do you wish to know a great source for finding out whether you should think about utilizing the same law firm or patent agent? Think about speaking with the inventor listed on the patent document? That’s right, call the inventor, introduce yourself and say, “I’m in the process of having a patent upon an invention. I actually have been looking for a good reputable agent to aid me which will charge a good amount. I realize you used so-and-so. Could you recommend them?” In order to find the contact info of 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 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 would not appropriate get in touch with the inventor. These types of arrangements as well as a possible means of identifying these 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 actually 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 the ones where the inventor, or inventors work to get a company in the company’s research and development department. As part of the employment contract, the company has ownership rights to the invention developed by the staff member. Patent documents that may involve this kind of arrangement are occasionally very easy to spot. Some possible signs are when several inventors are listed on the patent and once the invention is highly technical. Unfortunately, sometimes it is hard to determine. If it’s not obvious, you just have to call and ask. Even in the event the assignee is really a company which has a research and development department, it doesn’t mean they would not be interested in licensing your invention. Given that they have previously shown they are running a business with products similar to yours, they may also be adding Vibe Inventhelp with their product line. If the assignee is surely 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. Create a list of assignees and also at the right time, don’t hesitate to contact them. If you do not use a patent, prior to revealing any information regarding your invention ensure that you protect yourself having a non-disclosure or similar type of protection agreement signed.
3. Believe it or not, by far the most valuable information you can find on a patent document is definitely the name and address of the inventor. (I’m discussing inventors that work in a private capacity and not being an employee of a company.) An inventor of a product much like yours can be a gold mine of information for you personally. Many people would be fearful of contacting the inventor considering them as being a competitor, having said that i tell you, it really is worth the risk of getting the phone hung on you. Besides, you would be surprised regarding how friendly many people really are and exactly how willing they are to give you advice and share their experiences. Tap in to 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 opt to contact an inventor remember you happen to be there to collect information, not give information. If they start asking questions which you don’t feel comfortable answering simple say something like “I know you’ll understand why I can’t share that information since I do not have a patent as yet.” A lot of people will understand rather than be offended. You will come across people that failed at achieving success with their invention and will try to discourage you. This is when you need to have a thick skin. Tune in to what they say, for they may share information along with you that you really need to consider, but don’t let them steal your ideal simply because they failed. The explanation for their failure may not affect you. Incidentally, you may have the capacity to capitalize off their failure. Read number four below and you will definitely see what I mean.
4. While carrying out a patent search, should it be found that someone else has already received a patent on the idea, the tendency is made for men and women to stop right there. However, getting a previous patent on an invention idea will not necessarily mean the video game has ended. The patent protection may be alive and well, nevertheless the inventor’s drive and enthusiasm for his or her invention may not. They may have given up attempting to make money off their invention. Let me explain. Unfortunately, lots of people think that when they get a patent on the invention, the amount of money will virtually start rolling in. They may have associated the concept of owning a patent as being comparable to winning the lottery. They believe all they must do is obtain the patent, talk to a few big companies, license their patent to 1, then sit back and wait on the checks. Once this will not happen, they see themselves up against needing to run the business. This includes spending money on the manufacturing and also the costs of advertising as you would expect. Confronted with this thought, some individuals get discouraged and give up. There is absolutely no telling the amount of good inventions already patented are collecting dust in garages all over America for this particular very reason. I’m referring to inventions which have real possible ways to make plenty 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 the inventor has given up, would it be easy to get the rights to such an invention for little money and market it yourself? You bet it could! Some people will gladly just get back the price of their patent. Others may rather obtain a small bit of the pie. I am just talking about a very small piece. However, you will see those that prefer to let the ship sink than let another person make money off their baby.
Before talking to someone regarding the rights for their invention, you need to understand 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 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 the patent protection to remain in force. If the maintenance fee is not paid each time it really is due, the patent protection will lapse and will not be in force. However, there is a grace period right after the due date in which the maintenance fee can be paid, as well as other re-instatement fees, and also the patent protection is going to be reinstated.
So, in the event that Inventions has become previously patented or you find a thing that looks interesting to you, and you will have never seen it on the market, contact the inventor and discover what is happening. Be question of fact regarding it. Tell anyone you may be curious about purchasing their patent and find out exactly what it would take to allow them to assign it for you. Make sure they know you happen to be private individual rather than a big company. You may be blown away concerning the amount of patents you can pick up. By the way, I highly atgjlh hiring legal counsel to check to the status in the patent, cost of reinstatement, maintenance as well as other fees, prepare all contracts and advise on any patents you are looking at acquiring. I’m no attorney and I’m not giving you any legal or professional advice.
Because I stated earlier, these are generally just a few possible ways you can utilize information from patent documents. Don’t be confined to just the ways which can be presented here. Be imaginative. Find the gold that everybody else is overlooking!