Typically, the main reason people conduct patent searches and read patent documents is to find out 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. In case you have a concept for an invention then you are probability somebody 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 previous patent documents can increase the probability of success with Inventhelp Successful Inventions as well as create other possible means of making money. Here I will show you creative approaches 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 use the information in patent documents. You may think of new ways yourself that have never been considered before. Let’s go ahead and take 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 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 with all the information that is listed. Obviously, just just because a firm may have previously handled the patenting of the invention comparable to yours doesn’t necessarily mean they may be right for you personally. Do you want to know a good source for finding out whether you should think about utilizing 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. I actually have been looking for a good reputable agent to assist me that will charge a good amount. I understand you used so-and-so. Can you recommend them?” In order to locate the contact information in the inventor utilize a people search tool such as http://www.whitepages.com. Remember that sometimes the inventors listed on the patent document work on behalf of a company and was not responsible for hiring the attorney or agent that handled the patent process. In this particular case, it would not appropriate to contact the inventor. These kinds of arrangements as well as a possible method of identifying options are discussed in greater 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 really a person or company who had been not the inventor, but was issued ownership or part owner in the patent. Most patents that list assignees are ones where inventor, or inventors work for a company in the company’s research and development department. Included in the employment contract, the company has ownership rights to the invention created by the worker. Patent documents that may involve this sort of arrangement are often simple to spot. Some possible signs are when several inventors are listed on the patent and when the invention is extremely technical. Unfortunately, sometimes it is hard to find out. If it’s not obvious, you just must call and get. Even if the assignee is a company that has a research and development department, it doesn’t mean that they would not be curious about licensing your invention. Because they already have shown they are in business with products much like yours, they may even be adding Inventhelp Caveman for their product line. In the event the assignee is 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 and at the right time, don’t be scared to make contact with them. If you do not use a patent, before 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 of the inventor. (I’m referring to inventors that work in a private capacity and never as an employee of any company.) An inventor of the product similar to yours can be a gold mine of knowledge to suit your needs. Most people would be scared of contacting the inventor considering them being a competitor, however i tell you, it is actually worth the potential 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 offer you advice and share their experiences. Tap in to 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 up until you ask! Should you decide to contact an inventor remember you happen to be there to gather information, not give information. If 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 do not possess a patent as yet.” A lot of people will understand and not be offended. You will find people that failed at becoming successful making use of their invention and can make an effort to discourage you. This is where you need to have a thick skin. Listen to whatever they say, for they may share information along with you that you will need to consider, but don’t let them steal your perfect since they failed. The reason for their failure may not pertain to you. Incidentally, you may be able to capitalize off their failure. Read number four below and you will 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 made for people to stop right there. However, finding a previous patent upon an invention idea does not necessarily mean this game is finished. The patent protection may be alive and well, but the inventor’s drive and enthusiasm for invention may not. They may have cast aside working to make money off their invention. Let me explain. Unfortunately, lots of people feel that after they obtain a patent on their own invention, the cash will virtually start rolling in. They have associated the concept of having a patent as being similar to winning the lottery. Believe that all they need to do is obtain the patent, contact a few big companies, license their patent to one, then sit back and wait on the checks. When this does not happen, they see themselves faced with having to run the company. This consists of investing in the manufacturing and also the costs of marketing to put it mildly. Up against this thought, some people get discouraged and give up. There is absolutely no telling the amount of good inventions already patented are collecting dust in garages around America with this very reason. I’m speaking about inventions which have real possible ways to make tons of money if handled correctly. To maintain this from happening to you read “Collect Cash with Your Invention, Not Dust” by Jack Lander. For inventions where inventor has abandoned, would it be possible to buy the rights to this type 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 a small part of the pie. I am just talking about a really small piece. However, you will see people who would prefer to let the ship sink than let another person generate income off their baby.
Before talking to someone concerning the rights with their invention, you must know these:
After receiving utility patents, maintenance fees are required to be paid in order to keep the patent defense against expiring. This really is 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 through the date the patent was issued for that patent protection to stay in force. When the maintenance fee is not paid each time it is due, the patent protection will lapse and will no longer be in force. However, there is a grace period following the due date in which the maintenance fee can be paid, as well as other re-instatement fees, as well as the patent protection is going to be reinstated.
So, if you find that Invention Website has become previously patented or else you find something that looks interesting to you personally, and you will have never seen it on the market, contact the inventor and discover what is going on. Be matter of fact about it. Tell anyone you may be curious about purchasing their patent and learn what it really would take so they can assign it to you personally. Ensure they know you happen to be private individual rather than a large company. You may be blown away concerning the amount of patents you can pick up. By the way, I highly atgjlh hiring an attorney 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 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 restricted to just the methods which are presented here. Be creative. Get the gold that everybody else is overlooking!