Typically, the main reason people conduct patent searches and read patent documents is to determine if an invention idea has already been patented by someone else. They totally ignore possible hidden treasures that may also be found in previously issued patent documents. For those who have an understanding for an invention then you are probability somebody that 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 Invent Help Tech as well as create other possible ways of making money. Here I will show you creative methods 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 use the information in patent documents. You may come up with new ways yourself that have never been considered before. Let’s go on and have a look at four possible methods 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 find listed on patent document when conducting a patent search. In the event the address is not really given, conduct a Google type search using the information that is listed. Obviously, just just because a firm may already have handled the patenting of an invention much like yours doesn’t necessarily mean they may be right to suit your needs. Would you like to know a good source for finding out whether you should look at 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 with an invention. I actually have been trying to find a good reputable agent to help me that can charge a fair amount. I realize you used so-and-so. Can you recommend them?” In order to locate the contact info in the inventor make use of a people search tool like http://www.whitepages.com. Bear in mind 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 particular case, it could not be appropriate to make contact with the inventor. These sorts of arrangements along with a possible means of identifying options 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 really a person or company who has been not the inventor, but was issued ownership or part owner from the patent. Most patents that list assignees are ones where 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 for any invention produced by the worker. Patent documents that may involve this type 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 very technical. Unfortunately, it is sometimes hard to find out. If it’s not obvious, you just must call and get. Even if 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. Given that they already have shown they are running a business with products much like yours, they may additionally be adding How To Get A Us Patent On An Idea for 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 ask. Make a list of assignees and at the right time, don’t be afraid to make contact with them. Unless you have a patent, before revealing any information about your invention ensure that you protect yourself by having a non-disclosure or similar kind of protection agreement signed.
3. Surprisingly, by far the most valuable information you can find over a patent document is definitely the name and address from the inventor. (I’m discussing inventors that work in a private capacity and never as being an employee of any company.) An inventor of the product comparable to yours can be a gold mine of data for you. Many people would be afraid of contacting the inventor thinking about them being a competitor, but I inform you, it is actually worth the potential risk of obtaining the phone hung up on you. Besides, you would be surprised as to how friendly most people actually are and how willing they are to offer you advice and share their experiences. Tap to the knowledge they gained through their experience. You will see some individuals may not want to talk to you, but I’ll say it again, you’ll never know until you ask! If you do decide to make contact with an inventor remember you happen to be there to gather information, not give information. If they start asking questions that you simply don’t feel comfortable answering simple say something like “I know you’ll understand why I can’t share that information since i have do not possess a patent as yet.” Many people will understand rather than be offended. You will come across people who failed at being successful using their invention and will try to discourage you. Here is where you must have a thick skin. Pay attention to the things they are saying, for they may share information along with you that you should consider, but don’t let them steal your dream simply because 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 see what 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 perfect for individuals to stop right there. However, finding a previous patent with an invention idea fails to necessarily mean the video game is finished. The patent protection may be alive and well, however the inventor’s drive and enthusiasm for invention may not. They may have cast aside trying to make money off their invention. Let me explain. Unfortunately, a lot of people believe that after they obtain a patent on the invention, the money will virtually start rolling in. They may have associated the thought of owning a patent to be similar 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. If this does not happen, they see themselves faced with needing to run the company. This includes investing in the manufacturing as well as the costs of advertising as you would expect. Faced with this thought, many people get discouraged and provide up. There is not any telling the amount of good inventions already patented are collecting dust in garages throughout America with this very reason. I’m referring to inventions that have real potential to make a lot of money if handled correctly. To keep this from happening to you read “Collect Money using Your Invention, Not Dust” by Jack Lander. For inventions where the inventor has abandoned, will it be easy to get the rights to such an invention for little money and market it yourself? You bet it could! Many people will gladly just get back the price of their patent. Others may rather get a small part of the pie. I am just talking about a really small piece. However, you will see those who would prefer to let the ship sink than let someone else earn money off their baby.
Before speaking with someone regarding the rights to their invention, you must understand these:
After receiving utility patents, maintenance fees are required to be paid in order to keep the patent protection from 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 through the date the patent was issued for your patent protection to stay in force. In the event the maintenance fee will not be paid each and every time it is due, the patent protection will lapse and will no longer be in force. However, you will find a grace period following 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 Inventhelp Success Stories has become previously patented or you find something that looks interesting for you, and you have never seen it on the market, contact the inventor and find out what is happening. Be matter of fact about this. Tell the individual you may be interested in purchasing their patent and discover what it would take to allow them to assign it to you personally. Make sure they know you are a private individual and not a large company. You may be amazed as to the amount 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 not an attorney and I’m not offering you any legal or professional advice.
As 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 that are presented here. Be creative. Get the gold which everybody else is overlooking!