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 an idea for an invention then you are probability somebody that 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 the best way to utilize information found in the past patent documents can increase the likelihood of success with Inventhelp George Foreman as well as create other possible methods for making 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 good info into gold. I will not, however, show you every possible way way you can use the information in patent documents. You may develop new ways yourself that have never been looked at before. Let’s go on and have a look at four possible ways to use information found in previously issued patent documents.
1. If you’re searching for a patent attorney or agent to assist you with the patenting process, why not take down the names and address of law firms 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 that is listed. Obviously, just since a firm may have previously handled the patenting of your invention similar to yours doesn’t necessarily mean these are right to suit your needs. Do you want to know a great source for finding out whether you should consider utilizing the same law firm or patent agent? Think about speaking with the inventor listed on the patent document? That’s right, call the inventor, introduce yourself and say, “I’m in the process of having a patent with an invention. We have been searching for a good reputable agent to help me that will charge a fair amount. I realize you used so-and-so. Can you recommend them?” In order to discover the contact information in the inventor utilize a people search tool such as http://www.whitepages.com. Be aware that sometimes the inventors listed on the patent document work on the part of a company and had not been accountable for hiring the attorney or agent that handled the patent process. Within this case, it might not appropriate get in touch with the inventor. These sorts of arrangements and a possible method of identifying them 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 actually 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 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 to any invention developed by the employee. Patent documents that may involve this type of arrangement are sometimes easy to spot. Some possible signs are when several inventors are listed on the patent so when the invention is extremely technical. Unfortunately, sometimes it is hard to figure out. If it’s not obvious, you just have to call and inquire. Even when the assignee is a company that has a research and development department, it doesn’t mean which they would not be curious about licensing your invention. Since they have previously shown they are running a business with products comparable to yours, they may even be adding Inventhelp Ideas with their product line. If the assignee is definitely an individual, it’s hard to determine why there is an assignment. You’ll never really know before you call and inquire. Create a list of assignees as well as at the right time, don’t hesitate to make contact with them. Should you not use a patent, prior to revealing any information about your invention make sure to protect yourself by having a non-disclosure or similar type of protection agreement signed.
3. Surprisingly, probably the most valuable information you can find on the patent document is definitely the name and address of the inventor. (I’m referring to inventors that work in a private capacity rather than as an employee of any company.) An inventor of a product similar to yours can become a gold mine of knowledge to suit your needs. A lot of people would be afraid of contacting the inventor considering them as being a competitor, having said that i tell you, it really is worth the risk of getting the phone hung up on you. Besides, you will be surprised as to how friendly many people really are and just how willing they are to offer you advice and share their experiences. Tap into the knowledge they gained through their experience. There will be some people may not want to speak to you, but I’ll say it again, you’ll never know before you ask! Should you do choose to make contact with an inventor remember you happen to be there to collect information, not give information. When they start asking them questions that you simply don’t feel relaxed 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.” A lot of people will understand and never be offended. You will find people that failed at being successful with their invention and will try to discourage you. This is when you need to have a thick skin. Pay attention to the things they say, for they may share information together with you that you should consider, but don’t let them steal your dream simply because they failed. The reason behind their failure may not pertain to you. Anyway, you may have the capacity to capitalize off their failure. Read number four below and you will definitely see the things i mean.
4. While carrying out a patent search, if it is found that someone else has received a patent on the idea, the tendency is made for people to stop right there. However, finding a previous patent on an invention idea does not necessarily mean the game is over. The patent protection may be alive and well, but 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, lots of people believe that after they get a patent on their own invention, the amount of money will virtually start rolling in. They have got associated the concept of possessing a patent as being similar to winning the lottery. Believe that all they must do is have the patent, speak to a few big companies, license their patent to 1, then sit back and wait on the checks. If this fails to happen, they see themselves faced with needing to run the business. This consists of investing in the manufacturing and the costs of advertising as you would expect. Faced with this thought, some people get discouraged and give up. There is absolutely 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 potential to make tons of money if handled correctly. To maintain this from happening to you personally read “Collect Money with Your Invention, Not Dust” by Jack Lander. For inventions where the inventor has given up, will it be possible to get the rights to this kind 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 bit of the pie. I am talking about an extremely small piece. However, there will be those who prefer to let the ship sink than let somebody else make money off their baby.
Before speaking with someone regarding the rights to their invention, you need to understand these:
After receiving utility patents, maintenance fees are required to be paid in order to help keep the patent defense against expiring. This is true 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 from the date the patent was issued for your patent protection to stay in force. When the maintenance fee will not be paid each time it is due, the patent protection will lapse and will not be in force. However, there is a grace period right after the due date in which the maintenance fee can be paid, as well as other re-instatement fees, and the patent protection will likely be reinstated.
So, in the event that Invent Help has been previously patented or else you find something that looks interesting for you, and you have never seen it on the market, contact the inventor and find out what is happening. Be case of fact about this. Tell anyone you may be interested in purchasing their patent and find out exactly what it would take so they can assign it to you personally. Make sure they know you are a private individual rather than a huge company. You may be blown away concerning the amount of patents you can pick up. By the way, I highly atgjlh hiring an attorney to check to the status in 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.
As 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 methods which can be presented here. Be creative. Discover the gold that everyone else is overlooking!