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. If 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 the box when deciding how you can utilize information found in previous patent documents can increase the probability of success with Inventhelp Commercial as well as create other possible ways of making money. Here I am going to show you creative methods to utilize information found in previously issued patent documents including methods could turn some information into gold. I will not, however, show you every possible way way you can make use of the information in patent documents. You may develop new ways yourself that have never been looked at before. Let’s go ahead and check out four possible methods to use information found in previously issued patent documents.
1. If you’re searching for a patent attorney or agent to help you using the patenting process, why not take down the names and address of law offices or patent agents you discover listed on patent document when conducting a patent search. In the event the address is not really given, conduct a Google type search with the information that is certainly listed. Obviously, just just because a firm may already have handled the patenting of the invention comparable to yours doesn’t necessarily mean they are right for you. Do you want to know a good source for locating out whether you should consider using the same law firm or patent agent? How 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 actually have been searching for a good reputable agent to aid me which will charge a good amount. I understand you used so-and-so. Could you recommend them?” In order to locate the contact info of the inventor make use of a people search tool like http://www.whitepages.com. Bear in mind that sometimes the inventors listed on the patent document work on behalf of a company and had not been accountable for hiring the attorney or agent that handled the patent process. In this particular case, it could not appropriate to make contact with the inventor. These kinds of arrangements as well as a possible way of identifying options are discussed in depth later.
2. From previous patents you can also compile a list of assignees that may be interested in licensing your invention. The assignee listed on the patent document is 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 to get a company within the company’s research and development department. Included in the employment contract, the company has ownership rights to any invention created by the staff member. Patent documents that may involve this sort of arrangement are occasionally easy to spot. Some possible signs are when several inventors are listed on the patent and when the invention is extremely technical. Unfortunately, it is sometimes hard to find out. If it’s not obvious, you just need to call and ask. Even if the assignee is actually a company that includes a research and development department, it doesn’t mean that they would not be curious about licensing your invention. Given that they have previously shown that they are in operation with products much like yours, they may additionally be adding Inventhelp Vibe with their product line. When the assignee is surely an individual, it’s hard to determine why there was an assignment. You’ll never really know before you call and inquire. Create a list of assignees and also at the right time, don’t be afraid to contact them. If you do not possess a patent, before revealing any details about your invention make sure to protect yourself having a non-disclosure or similar type of protection agreement signed.
3. Surprisingly, probably the most valuable information you can find on a patent document is definitely the name and address from the inventor. (I’m talking about inventors that work in a private capacity and not as an employee of any company.) An inventor of the product comparable to yours can become a gold mine of data to suit your needs. Most people would be fearful of contacting the inventor thinking of them being a competitor, having said that i inform you, it is worth the chance of having the phone hung up on you. Besides, you would be surprised regarding how friendly a lot of people actually 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 some individuals may not want to speak to you, but I’ll say it again, you’ll never know before you ask! Should you choose to contact an inventor remember you might be there to accumulate information, not give information. When they start asking questions that you simply don’t feel relaxed answering simple say something like “I know you’ll understand why I can’t share that information since I do not have a patent as yet.” Most people will understand and never be offended. You will come across people who failed at achieving success making use of their invention and will try to discourage you. This is when you should have a thick skin. Listen to the things they say, for they may share information along with you that you should consider, but don’t let them steal your dream since they failed. The reason behind their failure may not pertain to you. Incidentally, you may have the capacity to capitalize off their failure. Read number four below and you may see the things i mean.
4. While performing a patent search, when it is found that someone else has received a patent on the idea, the tendency is for individuals to stop right there. However, getting a previous patent with an invention idea will not necessarily mean this game is finished. The patent protection may be alive and well, however the inventor’s drive and enthusiasm for their invention may not. They may have abandoned attempting to make money off their invention. Let me explain. Unfortunately, a lot of people believe that when they get yourself a patent on their invention, the money will virtually start rolling in. They may have associated the idea of possessing a patent for being similar to winning the lottery. They believe all they must do is have the patent, contact a few big companies, license their patent to 1, then sit back and wait on the checks. When this will not happen, they see themselves up against needing to run the organization. This consists of investing in the manufacturing as well as the costs of advertising as you would expect. Up against this thought, some people get discouraged and provide up. There is absolutely no telling the number of good inventions already patented are collecting dust in garages around America for this particular very reason. I’m speaking about inventions which have real possible ways to make a lot of money if handled correctly. To help keep this from happening to you read “Collect Money using Your Invention, Not Dust” by Jack Lander. For inventions where inventor has given up, would it be easy to buy the rights to this kind of invention for little money and market it yourself? You bet it would! Some people will be glad to just get back the cost of their patent. Others may rather get yourself a small part of the pie. I am just referring to a very small piece. However, you will see people who would rather let the ship sink than let somebody else make money off their baby.
Before speaking with someone regarding the rights with their invention, you need to understand the subsequent:
After receiving utility patents, maintenance fees have to be paid in order to keep the patent defense against expiring. This is correct 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 your patent protection to remain in force. If the maintenance fee will not be paid every time it is due, the patent protection will lapse and definately will not be in force. However, there is a grace period following 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 Invent Help Invention Ideas has become previously patented or else you find something which looks interesting to you personally, and you have never seen it on the market, contact the inventor and discover what is happening. Be question of fact about it. Tell anyone you may be curious about purchasing their patent and learn what it would take for them to assign it for you. Ensure they know you happen to be private individual rather than a huge company. You may be surprised as to the amount of patents you can pick up. By the way, I highly atgjlh hiring legal counsel to check to the status from the patent, cost of reinstatement, maintenance as well as other fees, prepare all contracts and advise on any patents you are looking at acquiring. I’m no attorney and I’m not providing you with any legal or professional advice.
When I stated earlier, these are generally just a few possible ways you can utilize information from patent documents. Don’t be limited to just the ways which are presented here. Be imaginative. Find the gold that everybody else is overlooking!