Typically, the main reason people conduct patent searches and read patent documents is to see 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. If you have a concept 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 the box when deciding how you can utilize information found in the past patent documents can increase the chances of success with New Product Ideas as well as create other possible means of earning 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 good information into gold. I will not, however, show you every way possible way you can use the information in patent documents. You may think of new ways yourself that have never been thought of before. Let’s go ahead and take a look at four possible approaches to use information found in previously issued patent documents.
1. If you’re trying to find a patent attorney or agent to 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. When the address will not be given, conduct a Google type search using the information that is certainly listed. Obviously, just because a firm may have previously handled the patenting of an invention much like yours doesn’t necessarily mean they are right to suit your needs. Do you want to know a great source to find 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 along the way of having a patent on an invention. I have been trying to find a good reputable agent to help me that will charge a fair amount. I understand you used so-and-so. Could you recommend them?” In order to locate the contact information in the inventor use a people search tool like http://www.whitepages.com. Be aware that sometimes the inventors listed on the patent document will work on behalf of a company and was not in charge of hiring the attorney or agent that handled the patent process. In this case, it might not be appropriate to contact the inventor. These types of arrangements along with a possible means of identifying these are discussed in more detail later.
2. From previous patents you can also compile a list of assignees that may be curious about 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 in the patent. Most patents that list assignees are the ones in which the inventor, or inventors work for a company inside the company’s research and development department. As part of 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 sometimes 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 inquire. Even when the assignee is really a company that includes a research and development department, it doesn’t mean they would not be curious about licensing your invention. Given that they have already shown that they are running a business with products much like yours, they may additionally be adding Inventhelp Office to their product line. If the assignee is definitely an individual, it’s hard to figure out why there is an assignment. You’ll never really know before you call and inquire. Make a list of assignees as well as at the right time, don’t be scared get in touch with them. If you do not have a patent, just before revealing any information regarding your invention be sure to protect yourself having a non-disclosure or similar form of protection agreement signed.
3. Believe it or not, the most valuable information you can find on the patent document is definitely the name and address of the inventor. (I’m discussing inventors that work in a private capacity and not as being an employee of any company.) An inventor of a product much like yours can be a gold mine of information for you personally. Many people will be scared of contacting the inventor thinking about them as a competitor, but I let you know, it is actually worth the risk of having the phone hung high on you. Besides, you would be surprised regarding how friendly a lot of people actually are and exactly how willing they are to provide you with advice and share their experiences. Tap into the knowledge they gained through their experience. There will be some people may not want to speak with you, but I’ll say it again, you’ll never know until you ask! Should you do choose to make contact with an inventor remember you are there to accumulate information, not give information. When they start asking them questions which you 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 have a patent as yet.” Most people will understand and not be offended. You will find people that failed at achieving success making use of their invention and will attempt to discourage you. This is when you should have a thick skin. Pay attention to what they are saying, for they may share information along with you that you will need to consider, but don’t let them steal your dream given that they failed. The reason for their failure may not affect you. Incidentally, you may have the capacity to capitalize off their failure. Read number four below and you may see a few things i mean.
4. While carrying out a patent search, when it is found that someone else has already received a patent on the idea, the tendency is perfect for people to stop right there. However, choosing a previous patent upon an invention idea will not 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 their own invention, the money will virtually start rolling in. They have got associated the thought of possessing a patent as being similar to winning the lottery. They think all they must do is get the patent, talk to a few big companies, license their patent to 1, then sit back and wait on the checks. If this fails to happen, they see themselves confronted with having to run the business. This includes paying for the manufacturing as well as the costs of marketing as you would expect. Faced with this thought, many people get discouraged and provide up. There is not any telling how many good inventions already patented are collecting dust in garages around America for this very reason. I’m speaking about inventions which have real possible ways to make tons of money if handled correctly. To keep this from happening for you read “Collect Money using Your Invention, Not Dust” by Jack Lander. For inventions in which the inventor has cast aside, would it be possible to get the rights to this type of invention for little money and market it yourself? You bet it might! Some individuals will gladly just get back the price of their patent. Others may rather get yourself a small part of the pie. I am just speaking about a really small piece. However, you will have those that would prefer to let the ship sink than let somebody else earn money off their baby.
Before talking to someone regarding the rights for their invention, you must know these:
After receiving utility patents, maintenance fees must be paid in order to keep the patent defense against expiring. This is true when the utility patent was issued on or after December 12, 1980. Maintenance fees are due no later compared to the end of years 4, 8 and 12 through the date the patent was issued for the patent protection to stay in force. In the event the maintenance fee is not paid each time it is actually due, the patent protection will lapse and can not be in force. However, there is a grace period following the due date wherein the maintenance fee can be paid, together with other re-instatement fees, as well as the patent protection will be reinstated.
So, if you find that Inventhelp Products continues to be previously patented or else you find something that looks interesting to you, and you have never seen it on the market, contact the inventor and learn what is happening. Be case of fact about this. Tell the individual you may be curious about purchasing their patent and find out exactly what it would take for them to assign it to you personally. Ensure they know you happen to be private individual rather than a huge company. You may be blown away concerning how many patents you can pick up. Incidentally, I highly atgjlh hiring legal counsel to check in 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 no attorney and I’m not offering 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 methods which are presented here. Be creative. Get the gold that everyone else is overlooking!