Typically, the number one reason people conduct patent searches and read patent documents is to determine 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. If you have an idea for an invention then you are probability someone that thinks outside 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 likelihood of success with How Do I Get A Patent 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 that could turn some good information into gold. I will not, however, show you every way possible way you can utilize the information in patent documents. You may develop new ways yourself that have never been looked at before. Let’s go on 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 that will help you with all 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. In the event the address will not be given, conduct a Google type search with all the information that is certainly listed. Obviously, just just because a firm may have already handled the patenting of your invention similar to yours doesn’t necessarily mean they are right for you personally. Do you want to know a great source for finding out whether you should look at utilizing 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 along the way of having a patent upon an invention. I have been looking for a good reputable agent to assist me which will charge a good amount. I realize you used so-and-so. Could you recommend them?” In order to find the contact details of the inventor make use of a people search tool like http://www.whitepages.com. Remember that sometimes the inventors listed on the patent document are working on the part of a company and was not accountable for hiring the attorney or agent that handled the patent process. In this case, it could not appropriate to make contact with the inventor. These sorts of arrangements and 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 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 the ones where inventor, or inventors work for any company in the company’s research and development department. Within the employment contract, the company has ownership rights for any invention developed by the employee. Patent documents that may involve this type of arrangement are often simple to spot. Some possible signs are when several inventors are listed on the patent so when the invention is highly technical. Unfortunately, it is sometimes hard to figure out. If it’s not obvious, you just need to call and get. Even if the assignee is a company that includes a research and development department, it doesn’t mean that they would not be interested in licensing your invention. Since they have already shown they are in business with products much like yours, they may also be adding Inventhelp Inventions for their product line. In the event the assignee is surely an individual, it’s hard to determine why there is an assignment. You’ll never really know until you call and ask. Create a list of assignees as well as at the right time, don’t be scared to make contact with them. Should you not possess a patent, before revealing any information about your invention ensure that you protect yourself by having a non-disclosure or similar type of protection agreement signed.
3. Believe it or not, by far the most valuable information you can find on the patent document is definitely the name and address from the inventor. (I’m talking about inventors that work in a private capacity rather than as being an employee of any company.) An inventor of the product comparable to yours can be a gold mine of data for you personally. Most people will be scared of contacting the inventor thinking of them as being a competitor, having said that i let you know, it really is worth the potential risk of obtaining the phone hung up on you. Besides, you will be surprised concerning how friendly many 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. There will be some individuals may not want to speak with you, but I’ll say it again, you’ll never know up until you ask! If you do choose to make contact with an inventor remember you happen to be there to accumulate information, not give information. If they start asking questions that you simply don’t feel relaxed answering simple say something like “I know you’ll discover why I can’t share that information since I do not have a patent as yet.” Many people will understand and never be offended. You will find people that failed at being successful with their invention and will make an effort to discourage you. This is when you should have a thick skin. Tune in to what they say, for they may share information along with you that you really need to consider, but don’t let them steal your perfect since they failed. The reason for their failure may not pertain to you. Anyway, you may have the ability to capitalize off their failure. Read number four below and you will definitely see the things i mean.
4. While performing a patent search, should it be found that someone else has received a patent on the idea, the tendency is perfect for people to stop right there. However, getting a previous patent upon an invention idea fails to necessarily mean the game is finished. The patent protection may be alive and well, nevertheless the inventor’s drive and enthusiasm for their invention may not be. They may have cast aside trying to make money off their invention. Let me explain. Unfortunately, many people believe that once they get yourself a patent on their invention, the cash will virtually start rolling in. They have associated the idea of having a patent as being similar to winning the lottery. They think all they must do is obtain the patent, talk to 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 confronted with needing to run the business. This can include spending money on the manufacturing and also the costs of marketing to put it mildly. Up against this thought, some individuals get discouraged and provide up. There is absolutely no 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 potential to make tons of money if handled correctly. To help keep this from happening to you read “Collect Cash with Your Invention, Not Dust” by Jack Lander. For inventions where the inventor has given up, will it be easy to get the rights to this kind of invention for little money and market it yourself? You bet it would! Many people will be glad to just get back the expense of their patent. Others may rather obtain a small piece of the pie. I am just talking about an extremely small piece. However, you will have people who prefer to let the ship sink than let someone else make money off their baby.
Before talking to someone concerning the rights to their invention, you need to understand the subsequent:
After receiving utility patents, maintenance fees are required to be paid in order to help keep the patent protection from 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 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 can no longer be in force. However, there is a grace period after the due date in which the maintenance fee can be paid, together with other re-instatement fees, and the patent protection will be reinstated.
So, in the event that Patent My Idea 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 find out what is going on. Be case of fact about it. Tell the person you may be curious about purchasing their patent and find out what it really would take to allow them to assign it for you. Make certain they know you are a private individual rather than a big company. You may be amazed as to the number of patents you can pick up. By the way, I highly atgjlh hiring an attorney to check to the status of the patent, price of reinstatement, maintenance as well as 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.
As I stated earlier, these are generally just a couple of possible ways you can utilize information from patent documents. Don’t be limited to just the ways which are presented here. Use your imagination. Discover the gold that everybody else is overlooking!