Typically, the main 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 someone who thinks outside 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 the best way to utilize information found in previous patent documents can increase the likelihood of success with How To Patent An Idea as well as create other possible ways of earning money. Here I will show you creative ways 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 make use of the information in patent documents. You may think of new ways yourself that have never been looked at 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 looking for a patent attorney or agent to assist you with all the patenting process, why not take down the names and address of law offices or patent agents you locate listed on patent document when performing a patent search. If the address is not given, conduct a Google type search using the information that is listed. Obviously, just since a firm may have already handled the patenting of an invention comparable to yours doesn’t necessarily mean they may be right to suit your needs. Do you wish to know a good source for finding out whether you should think about utilizing the same law firm or patent agent? What about talking to the inventor listed on the patent document? That’s right, call the inventor, introduce yourself and say, “I’m during this process of getting a patent with an invention. We have been looking for a good reputable agent to help me that can charge a good amount. I understand you used so-and-so. Would you recommend them?” In order to find the contact info of the inventor use a people search tool including http://www.whitepages.com. Be aware that sometimes the inventors listed on the patent document will work on behalf of a company and had not been in charge of hiring the attorney or agent that handled the patent process. Within this case, it could not be appropriate to contact the inventor. These types of arrangements along with a possible method of identifying options are discussed in more detail later.
2. From previous patents you can also compile a list of assignees that may be curious about 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 from the patent. Most patents that list assignees are the ones in which the inventor, or inventors work to get a company within the company’s research and development department. As part of the employment contract, the company has ownership rights to the invention produced by the staff member. Patent documents that may involve this sort of arrangement are often easy to spot. Some possible signs are when several inventors are listed on the patent so when the invention is highly technical. Unfortunately, it is sometimes hard to figure out. If it’s not obvious, you just must call and get. Even if the assignee is a company which has a research and development department, it doesn’t mean they would not be interested in licensing your invention. Since they have already shown that they are in business with products similar to yours, they may also be adding Ideas For Inventions to their product line. When the assignee is surely an individual, it’s hard to figure out why there is an assignment. You’ll never really know before you call and ask. Make a list of assignees and also at the right time, don’t be scared to contact them. If you do not possess a patent, prior to revealing any information regarding your invention ensure that you protect yourself with a non-disclosure or similar form of protection agreement signed.
3. Truth be told, the most valuable information you can find over a patent document will be the name and address in the inventor. (I’m talking about inventors that work in a private capacity rather than as being an employee of the company.) An inventor of any product comparable to yours can be considered a gold mine of information for you. Most people could be fearful of contacting the inventor thinking of them being a competitor, having said that i let you know, it is actually worth the chance of obtaining the phone hung up on you. Besides, you would be surprised regarding how friendly most people really are and just how willing they are to offer you advice and share their experiences. Tap in to 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 until you ask! Should you do choose to contact an inventor remember you happen to be there to collect information, not give information. If they start asking questions which 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.” A lot of people will understand and not be offended. You will come across individuals who failed at achieving success using their invention and definately will attempt to discourage you. This is when you should have a thick skin. Tune in to the things they say, for they may share information with you that you really need to consider, but don’t let them steal your perfect given that they failed. The reason for 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 see what I mean.
4. While performing 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 fails to necessarily mean the game is finished. The patent protection may be alive and well, but 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 feel that after they obtain a patent on their own invention, the money will virtually start rolling in. They may have associated the idea of having a patent to be similar to winning the lottery. Believe that 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 does not happen, they see themselves up against needing to run the business. This consists of investing in the manufacturing and also the costs of advertising as you would expect. Up against this thought, some individuals get discouraged and give up. There is not any telling the number of good inventions already patented are collecting dust in garages throughout America with this very reason. I’m referring to inventions who have real possible ways to make plenty of money if handled correctly. To keep this from happening to you read “Collect Money using Your Invention, Not Dust” by Jack Lander. For inventions where the inventor has given up, will it be possible to purchase the rights to this kind of invention for little money and market it yourself? You bet it might! Some individuals will be glad to just get back the expense of their patent. Others may rather get yourself a small part of the pie. I am speaking about an extremely small piece. However, there will be those that prefer to let the ship sink than let somebody else generate income off their baby.
Before speaking with someone about the rights for their invention, you must understand these:
After receiving utility patents, maintenance fees are required 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 compared to end of years 4, 8 and 12 through the date the patent was issued for the patent protection to stay in force. If the maintenance fee will not be paid each time it is actually due, the patent protection will lapse and will not be in force. However, you will find a grace period 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, if you find that Inventhelp Prototypes has become previously patented or you find a thing that looks interesting to you personally, and you will have never seen it on the market, contact the inventor and learn what is going on. Be case of fact about this. Tell the individual you may be interested in purchasing their patent and discover what it would take to allow them to assign it to you. Make sure they know you happen to be private individual and never a big company. You may be surprised concerning how many patents you can pick up. Incidentally, I highly atgjlh hiring a lawyer to check to the status from the patent, cost of reinstatement, maintenance along with other fees, prepare all contracts and advise on any patents you are considering acquiring. I’m not an attorney and I’m not offering you any legal or professional advice.
When I stated earlier, they are just a couple of possible ways you can utilize information from patent documents. Don’t be limited to just the ways which are presented here. Be creative. Get the gold which everybody else is overlooking!