Typically, the number one reason people conduct patent searches and read patent documents is to see 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 an understanding for an invention then you are probability someone that thinks outside of the box. Why stop there? Don’t limit yourself to thinking outside of the box only when inventing. Thinking outside of the box when deciding how to utilize information found in the past patent documents can increase the chances of success with Invention Websites as well as create other possible methods for earning money. Here I am going to show you creative ways to utilize information found in previously issued patent documents including ways in which could turn some good info into gold. I will not, however, show you every way possible way you can use the information in patent documents. You may come up with new ways yourself that have never been looked at before. Let’s go ahead 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 to assist you using the patenting process, why not take down the names and address of lawyers or patent agents you discover listed on patent document when conducting a patent search. In the event the address is not really given, conduct a Google type search with the information which is listed. Obviously, just since a firm may have previously handled the patenting of your invention much like yours doesn’t necessarily mean these are right to suit your needs. Do you want to know an excellent source for finding out whether you should look at using the same law firm or patent agent? What about speaking with 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 with an invention. We have been looking for a good reputable agent to assist me that will charge a good amount. I understand you used so-and-so. Could you recommend them?” In order to locate the contact info of the inventor utilize a people search tool including 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 case, it might not be appropriate to make contact with the inventor. These sorts of arrangements and a possible way 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 was not the inventor, but was issued ownership or part owner in the patent. Most patents that list assignees are the ones in which the inventor, or inventors work for any company inside the company’s research and development department. As part of the employment contract, the company has ownership rights for any invention developed by the worker. Patent documents that may involve this kind of arrangement are occasionally 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 determine. If it’s not obvious, you just need to call and inquire. Even if the assignee is a company that has a research and development department, it doesn’t mean that they would not be interested in licensing your invention. Given that they have already shown they are in business with products comparable to yours, they may also be adding Inventhelp Innovation to their product line. In the event the assignee is surely an individual, it’s hard to figure out why there was clearly an assignment. You’ll never really know until you call and inquire. Create a list of assignees and also at the right time, don’t be afraid to make contact with them. If you do not use a patent, prior to revealing any information about your invention make sure to protect yourself having a non-disclosure or similar kind of protection agreement signed.
3. Surprisingly, by far the most valuable information you can find over a patent document will be the name and address from the inventor. (I’m discussing inventors that work in a private capacity and never as an employee of a company.) An inventor of any product similar to yours can be a gold mine of knowledge for you personally. Most people could be scared of contacting the inventor thinking about them as being a competitor, but I inform you, it really is worth the potential risk of having the phone hung on you. Besides, you would be surprised as to how friendly a lot of people really are and just how willing they will be to offer you advice and share their experiences. Tap to the knowledge they gained through their experience. There will be some individuals may not need to speak with you, but I’ll say it again, you’ll never know before you ask! Should you do decide to contact an inventor remember you are there to collect 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 discover why I can’t share that information since i have do not have a patent as yet.” Most people will understand rather than be offended. You will find people who failed at becoming successful using their invention and will attempt to discourage you. This is where you must have a thick skin. Listen to the things they are saying, for they may share information with you that you will need to consider, but don’t let them steal your perfect since they failed. The reason behind their failure may not affect you. Incidentally, you may have the ability to capitalize off their failure. Read number four below and you may see a few things i mean.
4. While carrying out a patent search, if it is found that someone else has already received a patent on the idea, the tendency is for people to stop right there. However, choosing a previous patent with an invention idea will not necessarily mean this game is over. The patent protection may be alive and well, but the inventor’s drive and enthusiasm for their invention may not. They may have abandoned working to make money off their invention. Let me explain. Unfortunately, lots of people feel that after they get a patent on their invention, the amount of money will virtually start rolling in. They may have associated the idea of possessing a patent as being much like winning the lottery. They think all they must 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 can include paying for the manufacturing as well as the costs of promoting to say the least. Confronted with this thought, many people get discouraged and present up. There is not any telling the number of good inventions already patented are collecting dust in garages throughout America for this particular very reason. I’m referring to inventions which have real possible ways to make plenty 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 where the inventor has abandoned, would it be possible to purchase the rights to such an invention for little money and market it yourself? You bet it might! Many people will be happy to just get back the expense of their patent. Others may rather obtain a small piece of the pie. I am just referring to a really small piece. However, there will be those that prefer to let the ship sink than let another person earn money off their baby.
Before speaking to someone concerning the rights with their invention, you must understand the subsequent:
After receiving utility patents, maintenance fees have to be paid in order to maintain the patent protection from expiring. This really is in the event 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 stay in force. If the maintenance fee is not really paid each and every time it is actually due, the patent protection will lapse and can not be in force. However, you will find a grace period right after the due date wherein the maintenance fee can be paid, as well as other re-instatement fees, as well as the patent protection will be reinstated.
So, in the event that Inventhelp George Foreman Commercial has been previously patented or 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 happening. Be question of fact regarding it. Tell the individual you may be curious about purchasing their patent and find out what it would take for them to assign it for you. Ensure they know you are a private individual and never a huge company. You may be surprised concerning the number of patents you can pick up. Anyway, I highly atgjlh hiring a lawyer to check into the status from the patent, cost of reinstatement, maintenance as well as other fees, prepare all contracts and advise on any patents you are interested in acquiring. I’m not an attorney and I’m not giving you any legal or professional advice.
When I stated earlier, these are just several possible ways you can utilize information from patent documents. Don’t be restricted to just the ways which can be presented here. Be creative. Find the gold that everybody else is overlooking!