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. In case you have an idea 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 probability of success with New Ideas For Inventions as well as create other possible ways of making money. Here I am going to show you creative approaches 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 way possible way you can make use of the information in patent documents. You may come up with new ways yourself that have never been considered before. Let’s go on and take a look at 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 find listed on patent document when conducting a patent search. When the address is not really given, conduct a Google type search with the information which is listed. Obviously, just because a firm may have already handled the patenting of the invention similar to yours doesn’t necessarily mean these are right for you. Do you wish to know a great source for locating out whether you should consider using 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 having a patent upon an invention. I actually have been trying to find a good reputable agent to help me that will charge a fair amount. I understand you used so-and-so. Could you recommend them?” In order to find the contact info from 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 was not responsible for hiring the attorney or agent that handled the patent process. In this case, it would not be appropriate to contact the inventor. These types of arrangements as well as a possible means of identifying these are discussed in depth 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 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 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 and when the invention is extremely technical. Unfortunately, sometimes it is hard to figure out. If it’s not obvious, you just must call and get. Even in the event the assignee is a company which 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 similar to yours, they may even be adding Inventhelp Phone Number with their product line. In the event the assignee is surely an individual, it’s hard to find out why there was an assignment. You’ll never really know before you call and inquire. Create a list of assignees and also at the right time, don’t be scared to contact them. Unless you have a patent, before revealing any details about your invention ensure that you protect yourself with a non-disclosure or similar type of protection agreement signed.
3. Surprisingly, the most valuable information you can find on a patent document will be the name and address in the inventor. (I’m talking about inventors that work in a private capacity and not as an employee of the company.) An inventor of any product much like yours can be considered a gold mine of information for you personally. Many people would be fearful of contacting the inventor considering them as being a competitor, having said that i tell you, it is worth the potential risk of getting the phone hung high on you. Besides, you will be surprised concerning how friendly most people actually are and just how willing they are to give you advice and share their experiences. Tap to the knowledge they gained through their experience. You will have some people may not need to speak to you, but I’ll say it again, you’ll never know until you ask! If you do decide to contact an inventor remember you might be there to accumulate information, not give information. When they start asking them questions which 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 do not have a patent as yet.” Many people will understand rather than be offended. You will find people who failed at achieving success using their invention and definately will attempt to discourage you. This is when you need to have a thick skin. Listen to what they say, for they may share information with you that you really need to consider, but don’t let them steal your ideal since they failed. The reason behind their failure may not pertain to you. Anyway, 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 performing a patent search, if it is found that someone else has now received a patent on the idea, the tendency is made for people to stop right there. However, finding a previous patent upon an invention idea will not necessarily mean this game has ended. The patent protection may be alive and well, however the inventor’s drive and enthusiasm for his or her invention may not really. They may have given up working to make money off their invention. Let me explain. Unfortunately, many people believe that once they get yourself a patent on their invention, the money will virtually start rolling in. They have got associated the concept of owning a patent to be much like winning the lottery. They think all they have to do is get the patent, speak to a few big companies, license their patent to 1, then sit back and wait on the checks. When this fails to happen, they see themselves confronted with being forced to run the business. This can include investing in the manufacturing and also the costs of promoting to put it mildly. Faced with this thought, many people get discouraged and provide up. There is absolutely no telling the amount of 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 personally read “Collect Money with Your Invention, Not Dust” by Jack Lander. For inventions where the inventor has given up, would it be possible to buy the rights to this kind of invention for little money and market it yourself? You bet it might! Some individuals will gladly just get back the cost of their patent. Others may rather obtain a small part of the pie. I am referring to a really small piece. However, you will see those that would prefer to let the ship sink than let someone else earn money off their baby.
Before talking to someone regarding the rights for 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 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 keep in force. In the event the maintenance fee is not paid every time it really is due, the patent protection will lapse and definately will no longer be in force. However, you will find a grace period after the due date wherein the maintenance fee can be paid, together with other re-instatement fees, as well as the patent protection will be reinstated.
So, if you find that Inventhelp Invention Stories continues to be previously patented or else you find something which looks interesting to you personally, and you will have never seen it on the market, contact the inventor and discover what is going on. Be question of fact about it. Tell the individual you may be interested in purchasing their patent and find out what it would take for them to assign it to you personally. Make sure they know you are a private individual and never a big company. You may be amazed regarding the amount of patents you can pick up. By the way, I highly atgjlh hiring a lawyer to check to the status of the patent, price of reinstatement, maintenance as well as other fees, prepare all contracts and advise on any patents you are looking at acquiring. I’m no attorney and I’m not offering you any legal or professional advice.
As 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 can be presented here. Be creative. Discover the gold that everyone else is overlooking!