Typically, the main reason people conduct patent searches and read patent documents is to determine 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. For those who have a concept for an invention then you are probability someone who thinks outside of the box. Why stop there? Don’t limit yourself to thinking outside the box only when inventing. Thinking outside the box when deciding how you can utilize information found in the past patent documents can increase the chances of success with Can You Patent An Idea as well as create other possible methods for earning money. Here I will show you creative methods 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 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 trying to find a patent attorney or agent that will help you with the patenting process, why not take down the names and address of law offices or patent agents you locate listed on patent document when conducting a patent search. If the address will not be given, conduct a Google type search with the information which is listed. Obviously, just because a firm may already have handled the patenting of an invention comparable to yours doesn’t necessarily mean these are right for you personally. Do you wish to know an excellent source for finding out whether you should consider utilizing the same law firm or patent agent? Think 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 obtaining a patent on an invention. We have been trying to find a good reputable agent to help me that can charge a fair amount. I understand you used so-and-so. Could you recommend them?” In order to discover the contact info from the inventor use 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 responsible for hiring the attorney or agent that handled the patent process. Within this case, it would not really appropriate to make contact with the inventor. These sorts of arrangements as well as a possible way of identifying them are discussed in more 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 actually a person or company who had been not the inventor, but was issued ownership or part owner of the patent. Most patents that list assignees are ones in which the inventor, or inventors work for any company inside the company’s research and development department. Within the employment contract, the company has ownership rights for any invention developed by the staff member. Patent documents that may involve this kind of arrangement are often very easy to spot. Some possible signs are when several inventors are listed on the patent and when the invention is highly technical. Unfortunately, sometimes it is hard to figure out. If it’s not obvious, you just need to call and ask. Even if the assignee is really 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 have already shown they are in business with products similar to yours, they may additionally be adding Inventhelp Office with their product line. When the assignee is surely an individual, it’s hard to determine why there was an assignment. You’ll never really know before you call and ask. Compose a list of assignees as well as at the right time, don’t hesitate to make contact with them. Unless you possess a patent, before revealing any details about your invention be sure to protect yourself having a non-disclosure or similar type of protection agreement signed.
3. Truth be told, probably the most valuable information you can find on the patent document is definitely the name and address in the inventor. (I’m talking about inventors that work in a private capacity and not being an employee of any company.) An inventor of any product much like yours can be considered a gold mine of knowledge for you personally. Many people will be scared of contacting the inventor thinking about them as being a competitor, however i let you know, it is actually worth the risk of getting the phone hung up on you. Besides, you will be surprised concerning how friendly a lot of people really are and just how willing they will be to give you advice and share their experiences. Tap into the knowledge they gained through their experience. You will see many people may not want to talk 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 are there to accumulate information, not give information. When they start asking them questions that you don’t feel comfortable answering simple say something like “I know you’ll understand why I can’t share that information since i have do not have 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 definately will attempt to discourage you. This is where you need to have a thick skin. Tune in to the things they are saying, for they may share information with you that you should consider, but don’t let them steal your dream given that they failed. The reason for their failure may not apply to you. Anyway, you may have the capacity to capitalize off their failure. Read number four below and you may see what I mean.
4. While carrying out a patent search, if it is found that somebody else has now received a patent on the idea, the tendency is for people to stop right there. However, choosing 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 his or her invention may not really. They may have abandoned trying to make money off their invention. Let me explain. Unfortunately, lots of people feel that once they get a patent on their invention, the money will virtually start rolling in. They have associated the idea of having a patent as being similar to winning the lottery. They believe all they have to do is get the patent, talk to a few big companies, license their patent to a single, then sit back and wait on the checks. When this fails to happen, they see themselves up against needing to run the organization. This consists of investing in the manufacturing as well as the costs of advertising to say the least. Confronted with this thought, some people get discouraged and present up. There is no telling the number of good inventions already patented are collecting dust in garages around America for this particular very reason. I’m referring to inventions that have real possible ways to make a lot of money if handled correctly. To help keep this from happening to you read “Collect Money with Your Invention, Not Dust” by Jack Lander. For inventions in which the inventor has abandoned, will it be easy to purchase the rights to this type of invention for little money and market it yourself? You bet it could! Many people will gladly just get back the price of their patent. Others may rather get a small piece of the pie. I am talking about an extremely small piece. However, you will have those who would rather let the ship sink than let someone else make money off their baby.
Before speaking with someone concerning the rights with their invention, you need to understand the subsequent:
After receiving utility patents, maintenance fees are required to be paid in order to keep the patent defense against expiring. This is correct when the utility patent was issued on or after December 12, 1980. Maintenance fees are due no later compared to end of years 4, 8 and 12 through the date the patent was issued for that patent protection to keep in force. When the maintenance fee will not be paid every time it is due, the patent protection will lapse and will no longer be in force. However, you will find a grace period following the due date in which the maintenance fee can be paid, together with other re-instatement fees, as well as the patent protection will be reinstated.
So, in the event that Invention Websites has become previously patented or perhaps you find a thing that looks interesting to you personally, and you will have never seen it on the market, contact the inventor and find out what is happening. Be matter of fact about it. Tell anyone you may be interested in purchasing their patent and discover what it would take to allow them to assign it for you. Make sure they know you are a private individual and not a large company. You may be blown away concerning the amount of patents you can pick up. Anyway, I highly atgjlh hiring legal counsel to check to the status of 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 not an attorney and I’m not giving you any legal or professional advice.
When I stated earlier, these are generally just several possible ways you can utilize information from patent documents. Don’t be limited to just the methods that are presented here. Be imaginative. Get the gold that everyone else is overlooking!