Typically, the number one reason people conduct patent searches and read patent documents is to find out 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. For those who have a concept 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 how to utilize information found in the past patent documents can increase the likelihood of success with A New Invention as well as create other possible methods for making money. Here I am going to show you creative ways to utilize information found in previously issued patent documents including ways that 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 develop new ways yourself that have never been looked at before. Let’s go on and have 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 using the patenting process, why not take down the names and address of lawyers or patent agents you discover listed on patent document when performing a patent search. If the address is not really given, conduct a Google type search with the information which is listed. Obviously, just since a firm may have previously handled the patenting of the invention similar to yours doesn’t necessarily mean these are right to suit your needs. Do you wish to know a good source for locating out whether you should consider using the same law firm or patent agent? What about talking to the inventor listed on the patent document? That’s right, call the inventor, introduce yourself and say, “I’m in the process of getting a patent with an invention. We have been looking for a good reputable agent to aid me that will charge a good amount. I understand you used so-and-so. Can you recommend them?” In order to find the contact information from the inventor use a people search tool such as http://www.whitepages.com. Remember that sometimes the inventors listed on the patent document are working for a company and was not in charge of hiring the attorney or agent that handled the patent process. In this case, it could not appropriate to make contact with the inventor. These types of arrangements along with a possible method of identifying these 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 a person or company who has been not the inventor, but was issued ownership or part owner in the patent. Most patents that list assignees are the ones where inventor, or inventors work to get a company inside the company’s research and development department. Within the employment contract, the company has ownership rights to any invention produced by the worker. Patent documents that may involve this type of arrangement are occasionally simple to spot. Some possible signs are when several inventors are listed on the patent so when 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 when the assignee is a company that includes a research and development department, it doesn’t mean 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 even be adding New Product Ideas for their product line. When the assignee is an individual, it’s hard to determine why there was clearly an assignment. You’ll never really know until you call and ask. Create a list of assignees and at the right time, don’t be scared to make contact with them. Unless you have a patent, prior to revealing any information about your invention make sure to protect yourself with a non-disclosure or similar kind of protection agreement signed.
3. Believe it or not, the most valuable information you can find over a patent document is the name and address in the inventor. (I’m talking about inventors that work in a private capacity and never as an employee of the company.) An inventor of the product much like yours can be a gold mine of knowledge for you. A lot of people would be afraid of contacting the inventor thinking of them as a competitor, but I let you know, it really is worth the risk of getting the phone hung up on you. Besides, you would be surprised regarding how friendly most people actually are and how willing they are to provide you with advice and share their experiences. Tap in to the knowledge they gained through their experience. You will see many people may not want to talk to you, but I’ll say it again, you’ll never know before you ask! Should you do choose to make contact with an inventor remember you might be there to accumulate information, not give information. Should they start asking questions which you don’t feel relaxed 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 becoming successful with their invention and will make an effort to discourage you. This is where you must have a thick skin. Listen to whatever they say, for they may share information together with you that you will need to consider, but don’t let them steal your perfect simply because they failed. The explanation for their failure may not apply to you. By the way, you may be able to capitalize off their failure. Read number four below and you will see a few things i mean.
4. While doing 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 on an invention idea does not necessarily mean the game is finished. The patent protection may be alive and well, nevertheless the inventor’s drive and enthusiasm for invention may not really. They may have cast aside working to make money off their invention. Let me explain. Unfortunately, a lot of people think that after they get a patent on their invention, the amount of money will virtually start rolling in. They have got associated the thought of owning a patent to be similar to winning the lottery. They think 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. If this will not happen, they see themselves faced with being forced to run the organization. This includes investing in the manufacturing and also the costs of promoting 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 around America for this particular very reason. I’m speaking about inventions who have real potential to make plenty of money if handled correctly. To maintain this from happening to you personally read “Collect Money using Your Invention, Not Dust” by Jack Lander. For inventions where the inventor has given up, will it be possible to buy the rights to this kind of invention for little money and market it yourself? You bet it might! Some people will be happy to just get back the cost of their patent. Others may rather get yourself a small part of the pie. I am referring to an extremely small piece. However, you will have those who would prefer to let the ship sink than let someone else generate income off their baby.
Before speaking to someone about the rights for their invention, you must know the subsequent:
After receiving utility patents, maintenance fees have 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 than the end of years 4, 8 and 12 from your date the patent was issued for that patent protection to remain in force. When the maintenance fee is not really paid each and every time it really is due, the patent protection will lapse and definately will not be in force. However, there exists a grace period right after the due date where the maintenance fee can be paid, together with other re-instatement fees, and the patent protection will be reinstated.
So, in the event that Inventhelp Success 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 learn what is happening. Be matter of fact regarding it. Tell the person you may be curious about purchasing their patent and discover what it really would take to allow them to assign it for you. Make sure they know you are a private individual and never a huge company. You may be surprised regarding the amount of patents you can pick up. By the way, I highly atgjlh hiring an attorney to check in to the status of the patent, price 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.
Because I stated earlier, they are just several possible ways you can utilize information from patent documents. Don’t be confined to just the ways which can be presented here. Use your imagination. Discover the gold which everybody else is overlooking!