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. For those who have an idea for an invention then you are probability someone who thinks outside of the box. Why stop there? Don’t limit yourself to thinking outside of 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 likelihood of success with How To Patent A Product as well as create other possible ways of making money. Here I will show you creative approaches 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 think of new ways yourself that have never been considered before. Let’s go ahead and have a look at four possible methods to use information found in previously issued patent documents.
1. If you’re looking for a patent attorney or agent to assist you using the patenting process, why not take down the names and address of lawyers or patent agents you locate listed on patent document when conducting a patent search. In the event the address is not really given, conduct a Google type search using the information that is listed. Obviously, just because a firm may have previously handled the patenting of the invention much like yours doesn’t necessarily mean they may be right for you. Would you like to know a good source for finding out whether you should look at 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 during this process of obtaining a patent on an invention. We have been searching for a good reputable agent to help me which will charge a good amount. I understand you used so-and-so. Would you recommend them?” In order to find the contact information in the inventor utilize a people search tool including http://www.whitepages.com. Bear in mind that sometimes the inventors listed on the patent document are working on behalf of a company and was not accountable for hiring the attorney or agent that handled the patent process. Within this case, it might not be appropriate to make contact with the inventor. These types of arrangements and a possible means of identifying options 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 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 the 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 for any invention developed by the staff member. Patent documents that may involve this kind of arrangement are occasionally very easy to spot. Some possible signs are when several inventors are listed on the patent so 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 get. Even if the assignee is really a company that includes a research and development department, it doesn’t mean which they would not be interested in licensing your invention. Since they already have shown that they are in operation with products comparable to yours, they may additionally be adding How To Start An Invention with their product line. If the assignee is surely an individual, it’s hard to find out why there was clearly an assignment. You’ll never really know before you call and ask. Compose a list of assignees and at the right time, don’t be scared to make contact with them. Unless you have a patent, before revealing any information about your invention ensure that you protect yourself having a non-disclosure or similar form of protection agreement signed.
3. Surprisingly, the most valuable information you can find over a patent document will be the name and address in the inventor. (I’m discussing inventors that work in a private capacity and not as an employee of any company.) An inventor of the product much like yours can be considered a gold mine of data for you. A lot of people would be fearful of contacting the inventor thinking about them as being a competitor, but I let you know, it is actually worth the chance of getting the phone hung on you. Besides, you would be surprised regarding how friendly a lot of people are really and how willing they will be to give you advice and share their experiences. Tap into the knowledge they gained through their experience. You will see some people may not need to speak 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 collect information, not give information. When they start asking them questions that you don’t feel at ease 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.” Many people will understand and never be offended. You will come across individuals who failed at achieving success making use of their invention and can attempt to discourage you. This is when you need to have a thick skin. Tune in 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 ideal given that they failed. The explanation for their failure may not pertain to you. Incidentally, you may be able to capitalize off their failure. Read number four below and you may see what I mean.
4. While performing a patent search, if it is 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 video game has ended. The patent protection may be alive and well, however the inventor’s drive and enthusiasm for invention may not be. They may have cast aside attempting to make money off their invention. Let me explain. Unfortunately, lots of people think that once they get yourself a patent on the invention, the amount of money will virtually start rolling in. They have associated the concept of having a patent as being much like winning the lottery. They think all they have to do is get the patent, contact a few big companies, license their patent to 1, then sit back and wait on the checks. Once this does not happen, they see themselves faced with needing to run the company. This includes spending money on the manufacturing as well as the costs of marketing to say the least. Up against this thought, many people get discouraged and give up. There is not any telling the number of good inventions already patented are collecting dust in garages all over America for this very reason. I’m referring to inventions who have real possible ways to make plenty of money if handled correctly. To maintain this from happening for you read “Collect Money using Your Invention, Not Dust” by Jack Lander. For inventions where inventor has cast aside, would it be possible to buy the rights to this kind of invention for little money and market it yourself? You bet it might! Some individuals will gladly just get back the expense of their patent. Others may rather get yourself a small part of the pie. I am referring to 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 with their invention, you need to understand the subsequent:
After receiving utility patents, maintenance fees must be paid in order to keep the patent protection from expiring. This is correct when 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 your patent protection to stay in force. When the maintenance fee will not be paid each and every time it really is due, the patent protection will lapse and definately will no longer be in force. However, there exists a grace period right after the due date in which the maintenance fee can be paid, as well as other re-instatement fees, as well as the patent protection will be reinstated.
So, in the event that Inventhelp George Foreman Commercials has become previously patented or perhaps you find something which looks interesting to you personally, and you have never seen it on the market, contact the inventor and learn what is happening. Be case of fact regarding it. Tell the individual you may be interested in purchasing their patent and find out exactly what it would take for them to assign it for you. Ensure they know you are a private individual and never a big company. You may be blown away regarding the number of patents you can pick up. Anyway, I highly atgjlh hiring legal counsel to check to the status from the patent, expense 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 offering you any legal or professional advice.
Because I stated earlier, they are just a couple of possible ways you can utilize information from patent documents. Don’t be confined to just the methods which are presented here. Use your imagination. Find the gold that everyone else is overlooking!