Typically, the top reason people conduct patent searches and read patent documents is to find out 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 a concept for an invention then you are probability someone who 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 how you can utilize information found in previous patent documents can increase the chances of success with Inventhelp Number as well as create other possible methods for earning money. Here I am going to show you creative methods to utilize information found in previously issued patent documents including methods could turn some good info 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 thought of before. Let’s go ahead and take a look at four possible approaches to use information found in previously issued patent documents.
1. If you’re searching 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. When the address is not given, conduct a Google type search with the information that is certainly listed. Obviously, just since a firm may have already handled the patenting of the invention similar to yours doesn’t necessarily mean they may be right for you. Do you want to know an excellent source for locating 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 obtaining a patent on an invention. We have been looking for a good reputable agent to aid me which will charge a reasonable amount. I understand you used so-and-so. Can you recommend them?” In order to discover the contact info in the inventor utilize a people search tool like 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. In this particular case, it might not really appropriate to make contact with the inventor. These sorts of arrangements along with a possible method of identifying options are discussed in greater detail later.
2. From previous patents you can also compile a listing of assignees that may be interested in licensing your invention. The assignee listed on the patent document is a person or company who had been not the inventor, but was issued ownership or part owner from the patent. Most patents that list assignees are ones where inventor, or inventors work for a company inside the company’s research and development department. Within the employment contract, the company has ownership rights to any invention produced by the staff member. 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, it is sometimes hard to figure out. If it’s not obvious, you just must call and get. Even when the assignee is really a company that has a research and development department, it doesn’t mean they would not be curious about licensing your invention. Because they already have shown that they are in operation with products much like yours, they may even be adding Inventhelp Corporate Headquarters for their product line. If the assignee is surely an individual, it’s hard to figure out why there is an assignment. You’ll never really know up until you call and inquire. Compose a list of assignees and at the right time, don’t be scared get in touch with them. Unless you possess a patent, prior to revealing any information about your invention ensure that you protect yourself by having a non-disclosure or similar type of protection agreement signed.
3. Truth be told, by far the most valuable information you can find over a patent document is definitely the name and address in the inventor. (I’m referring to inventors that work in a private capacity and never as being an employee of any company.) An inventor of a product similar to yours can become a gold mine of data to suit your needs. Many people will be scared of contacting the inventor thinking of them as a competitor, however i inform you, it really is worth the risk of obtaining the phone hung up on you. Besides, you will be surprised regarding how friendly most people actually are and exactly how willing they will be to give you advice and share their experiences. Tap into the knowledge they gained through their experience. There will be some individuals may not want to talk to you, but I’ll say it again, you’ll never know before you ask! Should you do decide to make contact with an inventor remember you happen to be there to gather information, not give information. If they start asking them questions that you simply don’t feel at ease 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 using their invention and definately will try to discourage you. Here is where you need to have a thick skin. Tune in to what they are saying, for they may share information with you that you will need to consider, but don’t let them steal your dream simply because they failed. The explanation for their failure may not affect you. Anyway, you may be able to capitalize off their failure. Read number four below and you will see the things i mean.
4. While performing a patent search, when it is found that somebody else has received a patent on the idea, the tendency is for men and women to stop right there. However, getting a previous patent on an invention idea will not necessarily mean this game has ended. The patent protection may be alive and well, however the inventor’s drive and enthusiasm for their invention may not be. They may have given up trying to make money off their invention. Let me explain. Unfortunately, a lot of people believe that after they obtain a patent on the invention, the money will virtually start rolling in. They have got associated the idea of owning a patent for being comparable to winning the lottery. They think all they must 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 will not happen, they see themselves up against being forced to run the company. This consists of investing in the manufacturing and the costs of marketing to put it mildly. Confronted with this thought, some people get discouraged and provide up. There is not any telling the number of good inventions already patented are collecting dust in garages around America with this very reason. I’m talking about inventions that have real possibility to make plenty of money if handled correctly. To help keep this from happening for you read “Collect Cash with Your Invention, Not Dust” by Jack Lander. For inventions where inventor has given up, will it be easy to buy the rights to this type of invention for little money and market it yourself? You bet it might! Many people will gladly just get back the expense of their patent. Others may rather obtain a small part of the pie. I am referring to an extremely small piece. However, you will see those that would prefer to let the ship sink than let another person earn money off their baby.
Before speaking with someone about the rights to their invention, you must understand these:
After receiving utility patents, maintenance fees have to be paid in order to help keep the patent defense against expiring. This really is in the event 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 your date the patent was issued for the patent protection to remain in force. If the maintenance fee will not be paid each and every time it 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, as well as other re-instatement fees, as well as the patent protection will likely be reinstated.
So, in the event that Inventhelp Innovation News continues to be 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 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 to allow them to assign it to you. Make sure they know you happen to be private individual and not a big company. You may be surprised as to the number of patents you can pick up. Anyway, I highly atgjlh hiring an attorney to check in to the status in the patent, price 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.
When I stated earlier, these are generally just a couple of possible ways you can utilize information from patent documents. Don’t be restricted to just the ways that are presented here. Be imaginative. Find the gold that everyone else is overlooking!