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 another person. 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 someone that thinks outside of 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 the past patent documents can increase the chances of success with Invention Help Companies as well as create other possible means of earning money. Here I am going to show you creative methods to utilize information found in previously issued patent documents including methods could turn some good info into gold. I will not, however, show you every possible way way you can utilize the information in patent documents. You may develop new ways yourself that have never been thought of before. Let’s go ahead and have a look at four possible ways to use information found in previously issued patent documents.
1. If you’re searching for a patent attorney or agent that will help you with 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 using the information that is listed. Obviously, just since a firm may already have handled the patenting of an invention much like yours doesn’t necessarily mean these are right for you. Do you want to know an excellent source to find out whether you should look at using the same law firm or patent agent? How 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 on an invention. We have been looking for a good reputable agent to assist me which will charge a fair amount. I understand you used so-and-so. Would you recommend them?” In order to find the contact information of the inventor use a people search tool like http://www.whitepages.com. Remember that sometimes the inventors listed on the patent document work on the part of a company and was not accountable for hiring the attorney or agent that handled the patent process. Within this case, it could not appropriate to make contact with the inventor. These sorts of arrangements along with a possible method of identifying options are discussed in depth later.
2. From previous patents you can also compile a summary of assignees that may be interested in 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 where the inventor, or inventors work to get a company in the company’s research and development department. Included in the employment contract, the company has ownership rights to any invention created by the employee. 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, sometimes it is hard to determine. If it’s not obvious, you just have to call and inquire. Even in the event the assignee is actually a company that has a research and development department, it doesn’t mean they would not be curious about licensing your invention. Because they have already shown that they are in operation with products comparable to yours, they may even be adding Inventhelp Product Development for their product line. In the event the assignee is surely an individual, it’s hard to figure out why there is an assignment. You’ll never really know up until you call and inquire. Create a list of assignees as well as at the right time, don’t be afraid get in touch with them. If you do not possess a patent, just before revealing any information regarding your invention be sure to protect yourself by having a non-disclosure or similar form of protection agreement signed.
3. Truth be told, the most valuable information you can find on the patent document is definitely the name and address from the inventor. (I’m discussing inventors that work in a private capacity and never as an employee of any company.) An inventor of a product comparable to yours can be considered a gold mine of data for you. Many people will be fearful of contacting the inventor thinking of them as a competitor, having said that i inform you, it is actually worth the risk of getting the phone hung high on you. Besides, you will be surprised as to how friendly many people really are and just how willing they will be to give you advice and share their experiences. Tap to the knowledge they gained through their experience. You will have some individuals may not want to speak to you, but I’ll say it again, you’ll never know until you ask! Should you choose to contact an inventor remember you are there to collect information, not give information. If they start asking questions which you don’t feel at ease answering simple say something like “I know you’ll understand why I can’t share that information since i have 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 definately will try to discourage you. Here is where you need to have a thick skin. Pay attention to what they are saying, for they may share information along with you that you should consider, but don’t let them steal your ideal given that they failed. The reason behind their failure may not pertain to you. Anyway, you may be able to capitalize off their failure. Read number four below and you will see what 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 made for people to stop right there. However, choosing a previous patent on an invention idea does not necessarily mean this game has ended. The patent protection may be alive and well, but the inventor’s drive and enthusiasm for his or her invention may not. They may have cast aside attempting to make money off their invention. Let me explain. Unfortunately, many people feel that once they obtain a patent on their invention, the cash will virtually start rolling in. They may have associated the concept of owning a patent for being similar to winning the lottery. They think all they have to do is get the patent, contact a few big companies, license their patent to one, then sit back and wait on the checks. Once this does not happen, they see themselves faced with needing to run the company. This can include spending money on the manufacturing and also the costs of promoting to say the least. Up against this thought, many people get discouraged and present up. There is not any telling how many good inventions already patented are collecting dust in garages all over America for this particular very reason. I’m talking about inventions which have real possible ways to make a lot of money if handled correctly. To help keep this from happening for you read “Collect Money using Your Invention, Not Dust” by Jack Lander. For inventions where the inventor has abandoned, will it be possible to get the rights to this type of invention for little money and market it yourself? You bet it could! Some individuals will be happy to just get back the price of their patent. Others may rather get yourself a small bit of the pie. I am referring to a very small piece. However, you will have people who would rather let the ship sink than let somebody else make money off their baby.
Before talking to someone regarding the rights to their invention, you need to understand the following:
After receiving utility patents, maintenance fees must 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 compared to end of years 4, 8 and 12 from the date the patent was issued for that patent protection to keep in force. If the maintenance fee will not be paid every 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 where the maintenance fee can be paid, as well as other re-instatement fees, and the patent protection will likely be reinstated.
So, if you find that Invention Advice has become previously patented or else you find a thing that looks interesting to you personally, and you have never seen it on the market, contact the inventor and discover what is going on. Be matter of fact about this. Tell the person you may be interested in purchasing their patent and find out what it would take to allow them to assign it to you personally. Make sure they know you are a private individual and never a big company. You may be blown away as to the amount of patents you can pick up. Anyway, I highly atgjlh hiring an attorney to check to the status in the patent, price of reinstatement, maintenance and other fees, prepare all contracts and advise on any patents you are interested in acquiring. I’m not an attorney and I’m not providing you with any legal or professional advice.
Because I stated earlier, these are just a few possible ways you can utilize information from patent documents. Don’t be restricted to just the ways which are presented here. Be imaginative. Find the gold which everybody else is overlooking!