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. For those who have a concept 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 of the box when deciding the best way to utilize information found in previous patent documents can increase the probability of success with Inventhelp Office as well as create other possible ways of earning money. Here I will show you creative ways to utilize information found in previously issued patent documents including ways that could turn some information into gold. I will not, however, show you every possible way way you can utilize the information in patent documents. You may think of new ways yourself that have never been considered before. Let’s go on and take a look at four possible ways 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 find listed on patent document when conducting a patent search. If the address will not be given, conduct a Google type search with all the information that is certainly listed. Obviously, just because a firm may have previously handled the patenting of an invention comparable to yours doesn’t necessarily mean they may be right to suit your needs. Do you wish to know a great source to find out whether you should think about using 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 with an invention. I have been looking for a good reputable agent to assist me which will charge a reasonable amount. I understand you used so-and-so. Would you recommend them?” In order to locate the contact information from the inventor use a people search tool like http://www.whitepages.com. Be aware that sometimes the inventors listed on the patent document work on behalf of a company and was not responsible for hiring the attorney or agent that handled the patent process. In this case, it might not appropriate to make contact with the inventor. These kinds of arrangements as well as a possible means 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 really 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 in which the inventor, or inventors work for a company inside the company’s research and development department. Within the employment contract, the company has ownership rights for any invention produced by the staff member. Patent documents that may involve this kind of arrangement are sometimes very easy to spot. Some possible signs are when several inventors are listed on the patent and once the invention is highly technical. Unfortunately, it is sometimes hard to determine. If it’s not obvious, you just need to call and inquire. Even when the assignee is a company that has a research and development department, it doesn’t mean they would not be curious about licensing your invention. Since they have already shown they are in business with products comparable to yours, they may even be adding Inventhelp Prototype Services for their product line. If the assignee is definitely an individual, it’s hard to determine why there is 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 be scared get in touch with them. Should you not have a patent, prior to revealing any information regarding your invention make sure to protect yourself with a non-disclosure or similar form of protection agreement signed.
3. Surprisingly, probably the most valuable information you can find on a patent document will be the name and address in the inventor. (I’m talking about inventors that work in a private capacity and never as an employee of any company.) An inventor of any product much like yours can be considered a gold mine of data for you. Most people would be afraid of contacting the inventor considering them as a competitor, but I let you know, it really is worth the risk of having the phone hung up on you. Besides, you would be surprised concerning how friendly most people really are and exactly how willing they are to offer you advice and share their experiences. Tap in to the knowledge they gained through their experience. There will be many people may not want to speak to you, but I’ll say it again, you’ll never know up until you ask! Should you choose to make contact with an inventor remember you are there to collect information, not give information. If they start asking questions that you 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 have a patent as yet.” A lot of people will understand and not be offended. You will find people who failed at achieving success with their invention and definately will make an effort to discourage you. This is where you need to have a thick skin. Tune in to what they are saying, for they may share information with you that you really need to consider, but don’t let them steal your dream given that they failed. The explanation for their failure may not pertain to you. By the way, you may be able to capitalize off their failure. Read number four below and you may see a few things i mean.
4. While performing a patent search, should it be found that somebody else has received a patent on the idea, the tendency is perfect for individuals to stop right there. However, getting a previous patent upon an invention idea does not necessarily mean the video game is finished. The patent protection may be alive and well, but the inventor’s drive and enthusiasm for invention may not be. They may have given up working to make money off their invention. Let me explain. Unfortunately, a lot of people believe that when they obtain a patent on their own invention, the cash will virtually start rolling in. They may have associated the concept of owning a patent to be much like winning the lottery. They believe all they must do is get the patent, talk to a few big companies, license their patent to one, then sit back and wait on the checks. When this will not happen, they see themselves up against needing to run the business. This includes spending money on the manufacturing and the costs of marketing to put it mildly. Confronted 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 talking about inventions who have real possibility to make a lot of money if handled correctly. To keep this from happening to you read “Collect Money with Your Invention, Not Dust” by Jack Lander. For inventions where inventor has abandoned, will it be easy to get the rights to this kind of invention for little money and market it yourself? You bet it might! Many people will be happy to just get back the price of their patent. Others may rather obtain a small piece of the pie. I am just talking about a really small piece. However, there will be people who prefer to let the ship sink than let someone else generate income 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 have to be paid in order to help keep the patent defense against expiring. This really is when 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 the patent protection to stay in force. When the maintenance fee is not really paid each time it really is due, the patent protection will lapse and definately will no longer be in force. However, there is a grace period following 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 Invention Idea has been previously patented or perhaps you find a thing that looks interesting to you personally, and you will have never seen it on the market, contact the inventor and learn what is going on. Be matter of fact regarding it. Tell anyone you may be curious about purchasing their patent and learn what it really would take for them to assign it to you. Ensure they know you are a private individual and never a large company. You may be surprised concerning the number of patents you can pick up. By the way, I highly atgjlh hiring legal counsel to check in to the status from the patent, cost of reinstatement, maintenance and other fees, prepare all contracts and advise on any patents you are interested in acquiring. I’m no attorney and I’m not giving 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 restricted to just the ways that are presented here. Be imaginative. Discover the gold that everyone else is overlooking!