Typically, the top reason people conduct patent searches and read patent documents is to see 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. In case you have an idea 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 of the box when deciding the best way to utilize information found in previous patent documents can increase the chances of success with Inventhelp New Inventions as well as create other possible ways of making money. Here I am going to show you creative approaches to utilize information found in previously issued patent documents including ways in which could turn some information into gold. I will not, however, show you every way possible way you can make use of the information in patent documents. You may come up with new ways yourself that have never been considered before. Let’s go ahead and take a look at four possible ways 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 the patenting process, why not take down the names and address of law offices or patent agents you locate listed on patent document when conducting a patent search. When the address is not really given, conduct a Google type search using the information which is listed. Obviously, just because a firm may have already handled the patenting of your invention comparable to yours doesn’t necessarily mean they may be right to suit your needs. Do you wish to know an excellent source to find out whether you should consider utilizing the same law firm or patent agent? Think about speaking to the inventor listed on the patent document? That’s right, call the inventor, introduce yourself and say, “I’m in the process of obtaining a patent with an invention. I have been searching for a good reputable agent to assist me which will charge a fair amount. I realize you used so-and-so. Would you recommend them?” In order to discover the contact details of the inventor use a people search tool including http://www.whitepages.com. Bear in mind that sometimes the inventors listed on the patent document will work on the part of 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 be appropriate to contact the inventor. These kinds of arrangements as well as a possible way of identifying these are discussed in depth 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 has been not the inventor, but was issued ownership or part owner of the patent. Most patents that list assignees are ones in which the inventor, or inventors work to get a company within the company’s research and development department. As part of the employment contract, the company has ownership rights for any invention developed by the staff member. Patent documents that may involve this sort of arrangement are often easy to spot. Some possible signs are when several inventors are listed on the patent and once the invention is extremely technical. Unfortunately, it is sometimes hard to determine. If it’s not obvious, you just need to call and get. Even when the assignee is a company that includes a research and development department, it doesn’t mean which they would not be curious about licensing your invention. Because they already have shown that they are running a business with products comparable to yours, they may also be adding Idea Patent for their product line. When the assignee is an individual, it’s hard to find out why there was an assignment. You’ll never really know up until you call and ask. Make a list of assignees and at the right time, don’t be scared to contact them. If you do not possess a patent, before revealing any information about your invention make sure to protect yourself by having a non-disclosure or similar kind of protection agreement signed.
3. Surprisingly, probably the most valuable information you can find over 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 being an employee of the company.) An inventor of a product similar to yours can be a gold mine of information to suit your needs. A lot of people would be scared of contacting the inventor considering them as being a competitor, however i tell you, it is worth the risk of obtaining the phone hung on you. Besides, you will be surprised concerning how friendly many people actually are and how willing they are to give you advice and share their experiences. Tap to the knowledge they gained through their experience. You will have some people may not need to speak to you, but I’ll say it again, you’ll never know up until you ask! If you do decide to make contact with an inventor remember you might be there to collect 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 discover why I can’t share that information since i have do not have a patent as yet.” Many people will understand and never be offended. You will come across people who failed at being successful making use of their invention and will try to discourage you. This is where you should have a thick skin. Listen 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 since they failed. The explanation for their failure may not apply to you. By the way, you may have the capacity to capitalize off their failure. Read number four below and you will see the things i mean.
4. While doing a patent search, if it is found that someone else has now received a patent on the idea, the tendency is perfect for people to stop right there. However, choosing a previous patent with 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 be. They may have cast aside trying to make money off their invention. Let me explain. Unfortunately, many people believe that once they get yourself a patent on the invention, the cash will virtually start rolling in. They have associated the idea of having a patent for being similar to winning the lottery. They believe all they must do is get the patent, speak to a few big companies, license their patent to a single, then sit back and wait on the checks. Once this will not happen, they see themselves confronted with being forced to run the organization. This consists of paying for 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 how many good inventions already patented are collecting dust in garages around America for this very reason. I’m referring to inventions which have real possible ways to make tons of money if handled correctly. To keep this from happening to you read “Collect Cash with Your Invention, Not Dust” by Jack Lander. For inventions in which the inventor has given up, would it be possible to purchase 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 part of the pie. I am just speaking about a very small piece. However, there will be people who would rather let the ship sink than let someone else generate income off their baby.
Before speaking to someone concerning 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 keep the patent protection from 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 the date the patent was issued for the patent protection to keep in force. When the maintenance fee will not be paid each time it is due, the patent protection will lapse and can no longer be in force. However, you will find a grace period 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 Inventhelp continues to be previously patented or else you find a thing that looks interesting to you, and you will have never seen it on the market, contact the inventor and find out what is happening. Be question of fact about this. Tell anyone you may be curious about purchasing their patent and discover what it really would take so they can assign it for you. Make certain they know you happen to be private individual and not a big company. You may be amazed regarding how many patents you can pick up. By the way, I highly atgjlh hiring legal counsel to check to the status of the patent, cost of reinstatement, maintenance as well as 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.
Because I stated earlier, they are just several possible ways you can utilize information from patent documents. Don’t be limited to just the ways that are presented here. Be imaginative. Get the gold that everybody else is overlooking!