Typically, the top 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 idea for an invention then you are probability someone 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 how you can utilize information found in the past patent documents can increase the likelihood of success with Patent Companies 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 methods could turn some good 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 develop new ways yourself that have never been considered before. Let’s go ahead and check out four possible methods to use information found in previously issued patent documents.
1. If you’re trying to find a patent attorney or agent to 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. When the address is not really given, conduct a Google type search with the information that is certainly listed. Obviously, just just because a firm may have previously handled the patenting of your invention comparable to yours doesn’t necessarily mean they may be right for you personally. Would you like to know a good source for locating 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 along the way of having a patent on an invention. I have been trying to find a good reputable agent to assist me which will charge a fair amount. I understand you used so-and-so. Could you recommend them?” In order to locate the contact information of the inventor utilize a people search tool including http://www.whitepages.com. Be aware 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. Within this case, it might not be appropriate to make contact with the inventor. These types of arrangements and a possible way of identifying these are discussed in depth 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 has 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 within the company’s research and development department. Included in the employment contract, the company has ownership rights for any invention created by the worker. Patent documents that may involve this sort of arrangement are occasionally simple 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 determine. If it’s not obvious, you just need to call and inquire. Even when 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 previously shown they are running a business with products similar to yours, they may even be adding I Have An Invention Where Do I Start with their product line. If the assignee is an individual, it’s hard to figure out why there was an assignment. You’ll never really know until you call and get. Create a list of assignees as well as at the right time, don’t be scared to contact them. Unless you have 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, the most valuable information you can find on the patent document is definitely the name and address of the inventor. (I’m discussing inventors that work in a private capacity and never as an employee of the company.) An inventor of any product comparable to yours can become a gold mine of information to suit your needs. A lot of people would be scared of contacting the inventor considering them being a competitor, but I tell you, it really is worth the risk of getting the phone hung high on you. Besides, you would be surprised concerning how friendly most people really are and how willing they will be to provide you with advice and share their experiences. Tap into 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! Should you opt to make contact with an inventor remember you might be there to gather information, not give information. If they start asking questions that you don’t feel at ease answering simple say something like “I know you’ll discover why I can’t share that information since i have do not possess a patent as yet.” A lot of people will understand and not be offended. You will come across people that failed at becoming successful using their invention and will attempt to discourage you. This is when you must have a thick skin. Pay attention to the things 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 behind their failure may not pertain to you. By the way, 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 doing a patent search, when it is found that somebody else has already received a patent on the idea, the tendency is made for individuals to stop right there. However, finding a previous patent upon an invention idea will not necessarily mean this game is over. The patent protection may be alive and well, however the inventor’s drive and enthusiasm for invention may not. They may have cast aside trying to make money off their invention. Let me explain. Unfortunately, a lot of people believe that after they obtain a patent on their invention, the money will virtually start rolling in. They have got associated the thought of owning a patent as being much like winning the lottery. They believe all they must do is get the patent, contact a few big companies, license their patent to a single, then sit back and wait on the checks. Once this does not happen, they see themselves faced with needing to run the organization. This includes paying for the manufacturing and the costs of advertising to put it mildly. Up against this thought, many people get discouraged and give up. There is not any telling how many good inventions already patented are collecting dust in garages all over America for this very reason. I’m speaking about inventions who have real potential to make tons of money if handled correctly. To keep this from happening to you read “Collect Money with Your Invention, Not Dust” by Jack Lander. For inventions where inventor has cast aside, will it be easy to get the rights to this type of invention for little money and market it yourself? You bet it could! Some individuals will be glad to just get back the price of their patent. Others may rather get a small bit of the pie. I am just referring to an extremely small piece. However, you will see those that would prefer to let the ship sink than let someone else make money off their baby.
Before speaking with someone concerning the rights to 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 correct if 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 the date the patent was issued for the patent protection to keep in force. In the event the maintenance fee is not paid every time it 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 where the maintenance fee can be paid, along with other re-instatement fees, and the patent protection is going to be reinstated.
So, in the event that Inventhelp New Products has become previously patented or else you find a thing that looks interesting to you, and you have never seen it on the market, contact the inventor and find out what is going on. Be matter of fact about this. Tell the individual you may be interested in purchasing their patent and discover exactly what it would take for them to assign it to you personally. Make certain they know you are a private individual rather than a huge company. You may be amazed concerning the number of patents you can pick up. By the way, I highly atgjlh hiring an attorney to check into the status in the patent, expense of reinstatement, maintenance and other fees, prepare all contracts and advise on any patents you are looking at acquiring. I’m not an attorney and I’m not offering you any legal or professional advice.
Because I stated earlier, these are just several possible ways you can utilize information from patent documents. Don’t be confined to just the methods that are presented here. Be creative. Discover the gold that everybody else is overlooking!