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 an understanding for an invention then you are probability somebody that thinks outside of the box. Why stop there? Don’t limit yourself to thinking outside of the box only when inventing. Thinking outside the box when deciding how to utilize information found in previous patent documents can increase the likelihood of success with Inventhelp Inventions Store as well as create other possible ways of earning money. Here I am going to show you creative methods to utilize information found in previously issued patent documents including ways that could turn some information into gold. I will not, however, show you every way possible way you can make use of the information in patent documents. You may think of new ways yourself that have never been thought of before. Let’s go on 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 that will help you with all the patenting process, why not take down the names and address of law offices or patent agents you find listed on patent document when performing a patent search. If the address will not be given, conduct a Google type search using the information that is listed. Obviously, just since a firm may have already handled the patenting of the invention much like yours doesn’t necessarily mean these are right to suit your needs. Would you like to know a great source for finding out whether you should look at utilizing 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 during this process of obtaining a patent with an invention. We have been trying to find a good reputable agent to aid me which will charge a good amount. I realize you used so-and-so. Could you recommend them?” In order to discover the contact details from the inventor utilize a people search tool like http://www.whitepages.com. Be aware that sometimes the inventors listed on the patent document are working for a company and was not accountable for hiring the attorney or agent that handled the patent process. Within this case, it might not appropriate to contact the inventor. These types of arrangements as well as a possible way of identifying them are discussed in greater detail later.
2. From previous patents you can also compile a summary 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 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 created by the employee. Patent documents that may involve this type of arrangement are occasionally very easy to spot. Some possible signs are when several inventors are listed on the patent and once the invention is extremely technical. Unfortunately, sometimes it is hard to find out. If it’s not obvious, you just have to call and inquire. Even in the event the assignee is actually a company that has a research and development department, it doesn’t mean which they would not be curious about licensing your invention. Because they have already shown that they are in operation with products comparable to yours, they may even be adding Inventhelp New Inventions with their product line. When the assignee is an individual, it’s hard to figure out why there is an assignment. You’ll never really know up until you call and get. Make a list of assignees and also at the right time, don’t be scared get in touch with them. Unless you have a patent, prior to revealing any information about your invention ensure that you protect yourself having a non-disclosure or similar kind of protection agreement signed.
3. Believe it or not, the most valuable information you can find on the patent document will be the name and address of the inventor. (I’m referring to inventors that work in a private capacity and never as an employee of a company.) An inventor of any product comparable to yours can be a gold mine of data for you personally. Many people will be scared of contacting the inventor thinking of them as a competitor, but I let you know, it is actually worth the chance of having the phone hung up on you. Besides, you would be surprised as to how friendly many people really are and just how willing they will be to give you advice and share their experiences. Tap to the knowledge they gained through their experience. You will see many people may not want to speak to you, but I’ll say it again, you’ll never know up until you ask! If you do opt to make contact with an inventor remember you happen to be there to accumulate information, not give information. If they start asking them questions which you don’t feel at ease answering simple say something like “I know you’ll understand why I can’t share that information since i have do not possess a patent as yet.” Most people will understand and not be offended. You will come across people that failed at achieving success making use of their invention and will try to discourage you. This is where you must have a thick skin. Tune in to what they say, for they may share information along with you that you will need to consider, but don’t let them steal your ideal since they failed. The reason for their failure may not apply to you. Anyway, you may be able to capitalize off their failure. Read number four below and you may see the things i mean.
4. While doing a patent search, should it be found that someone else has received a patent on the idea, the tendency is perfect for individuals to stop right there. However, finding a previous patent on an invention idea fails to necessarily mean the game has ended. The patent protection may be alive and well, nevertheless the inventor’s drive and enthusiasm for their invention may not be. They may have given up attempting to make money off their invention. Let me explain. Unfortunately, many people believe that once they obtain a patent on their invention, the amount of money will virtually start rolling in. They have got associated the concept of having a patent as being comparable to winning the lottery. They believe all they have to do is obtain the patent, contact a few big companies, license their patent to one, then sit back and wait on the checks. Once this fails to happen, they see themselves confronted with being forced to run the company. This can include paying for the manufacturing and the costs of marketing as you would expect. Faced with this thought, some people get discouraged and present up. There is absolutely no telling the number of good inventions already patented are collecting dust in garages throughout America for this very reason. I’m speaking about inventions who have real potential to make plenty of money if handled correctly. To maintain this from happening to you personally read “Collect Money using Your Invention, Not Dust” by Jack Lander. For inventions where inventor has abandoned, 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 individuals will be happy to just get back the expense of their patent. Others may rather obtain a small bit of the pie. I am referring to an extremely small piece. However, you will see those who would rather let the ship sink than let another person make money off their baby.
Before speaking with someone about the rights for their invention, you must know the following:
After receiving utility patents, maintenance fees are required to be paid in order to maintain 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 than the end of years 4, 8 and 12 through the date the patent was issued for that patent protection to stay in force. In the event the maintenance fee is not really paid each and every time it is actually due, the patent protection will lapse and can no longer be in force. However, there exists a grace period right after the due date wherein the maintenance fee can be paid, together with other re-instatement fees, and the patent protection will likely be reinstated.
So, if you find that Invention Website continues to be previously patented or else you find something that looks interesting for you, and you will have never seen it on the market, contact the inventor and discover what is happening. Be matter of fact about this. Tell the person you may be curious about purchasing their patent and learn what it would take to allow them to assign it to you. Make sure they know you are a private individual rather than a large company. You may be surprised regarding the number of patents you can pick up. Incidentally, I highly atgjlh hiring legal counsel to check into the status of the patent, price of reinstatement, maintenance and other fees, prepare all contracts and advise on any patents you are considering acquiring. I’m not an attorney and I’m not providing you with any legal or professional advice.
Because I stated earlier, these are just a couple of possible ways you can utilize information from patent documents. Don’t be restricted to just the methods which can be presented here. Use your imagination. Get the gold that everyone else is overlooking!