Typically, the number one reason people conduct patent searches and read patent documents is to find out if an invention idea has already been patented by someone else. They totally ignore possible hidden treasures that may also be found in previously issued patent documents. For those who 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 What Is A Patent as well as create other possible methods for making money. Here I will 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 utilize the information in patent documents. You may develop new ways yourself that have never been thought of 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 with the patenting process, why not take down the names and address of law firms or patent agents you discover listed on patent document when performing a patent search. If the address is not given, conduct a Google type search with the information that is certainly listed. Obviously, just because a firm may have already handled the patenting of your invention similar to yours doesn’t necessarily mean they may be right to suit your needs. Would you like to know a good source for finding out whether you should consider using the same law firm or patent agent? What about speaking 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 have been trying to find a good reputable agent to help me that can charge a reasonable amount. I realize you used so-and-so. Would you recommend them?” In order to find the contact info in the inventor make use of a people search tool such as http://www.whitepages.com. Bear in mind that sometimes the inventors listed on the patent document will work for a company and was not in charge of hiring the attorney or agent that handled the patent process. In this particular case, it would not appropriate get in touch with the inventor. These sorts of arrangements along with a possible means of identifying options are discussed in greater detail later.
2. From previous patents you can also compile a listing of assignees that may be curious about licensing your invention. The assignee listed on the patent document is a person or company who has 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 for any company in the company’s research and development department. Within the employment contract, the company has ownership rights to any invention developed by the worker. Patent documents that may involve this sort of arrangement are occasionally very easy to spot. Some possible signs are when several inventors are listed on the patent and once the invention is extremely technical. Unfortunately, sometimes it is hard to figure out. If it’s not obvious, you just need to call and ask. Even when the assignee is actually a company which has a research and development department, it doesn’t mean that they would not be curious about licensing your invention. Since they already have shown that they are running a business with products similar to yours, they may additionally be adding Inventhelp Patent Information to their product line. If the assignee is definitely an individual, it’s hard to figure out why there is an assignment. You’ll never really know up until you call and ask. Create a list of assignees and at the right time, don’t be scared to make contact with them. If you do not have a patent, just before revealing any information regarding your invention be sure to protect yourself by having a non-disclosure or similar form of protection agreement signed.
3. Truth be told, by far the most valuable information you can find on the patent document is definitely the name and address of the inventor. (I’m talking about inventors that work in a private capacity and not being an employee of the company.) An inventor of the product similar to yours can be considered a gold mine of data for you personally. A lot of people could be afraid of contacting the inventor considering them as being a competitor, but I let you know, it is actually worth the chance of getting the phone hung high on you. Besides, you will be surprised as to how friendly a lot of 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 many people may not want to speak to you, but I’ll say it again, you’ll never know up until you ask! Should you decide to contact an inventor remember you might be there to accumulate information, not give information. Should they start asking them questions which you don’t feel at ease answering simple say something like “I know you’ll understand why I can’t share that information since I do not have a patent as yet.” Most people will understand and never be offended. You will come across people that failed at being successful making use of their invention and will try to discourage you. Here is where you must have a thick skin. Pay attention to what they say, for they may share information along with you that you really need to consider, but don’t let them steal your ideal given that they failed. The explanation for their failure may not affect 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 performing a patent search, should it be found that someone else has already received a patent on the idea, the tendency is for people to stop right there. However, getting a previous patent with an invention idea will not necessarily mean the game has ended. The patent protection may be alive and well, however the inventor’s drive and enthusiasm for their invention may not. They may have abandoned attempting to make money off their invention. Let me explain. Unfortunately, a lot of people think that after they obtain a patent on the invention, the money will virtually start rolling in. They have got associated the concept of having a patent to be similar to winning the lottery. They think all they have to do is have the patent, speak to a few big companies, license their patent to a single, then sit back and wait on the checks. Once this fails to happen, they see themselves up against being forced to run the organization. This consists of spending money on the manufacturing as well as the costs of promoting as you would expect. Faced with this thought, many people get discouraged and provide up. There is not any telling how many good inventions already patented are collecting dust in garages around America for this particular very reason. I’m talking about inventions that have real possible ways to make tons of money if handled correctly. To maintain this from happening to you read “Collect Money using Your Invention, Not Dust” by Jack Lander. For inventions in which the inventor has given up, would it be easy to buy the rights to this kind of invention for little money and market it yourself? You bet it would! Many people will gladly just get back the cost of their patent. Others may rather obtain a small bit of the pie. I am just speaking about an extremely small piece. However, there will be those that prefer to let the ship sink than let another person make money off their baby.
Before speaking with someone about the rights to their invention, you must know the following:
After receiving utility patents, maintenance fees are required to be paid in order to keep the patent protection from expiring. This is true if 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 your date the patent was issued for the patent protection to remain in force. If the maintenance fee will not be paid each and every time it really is due, the patent protection will lapse and will no longer be in force. However, there exists a grace period following the due date where the maintenance fee can be paid, along with other re-instatement fees, as well as the patent protection will be reinstated.
So, if you find that Inventhelp Vibe continues to be previously patented or you find something that looks interesting to you personally, and you will have never seen it on the market, contact the inventor and discover what is happening. Be question of fact about this. Tell anyone you may be curious about purchasing their patent and find out what it would take for them to assign it to you. Ensure they know you are a private individual and not a huge company. You may be blown away concerning the amount of patents you can pick up. Anyway, I highly atgjlh hiring legal counsel to check in to the status from 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 offering you any legal or professional advice.
As I stated earlier, they are just a few possible ways you can utilize information from patent documents. Don’t be limited to just the methods which are presented here. Be imaginative. Get the gold that everyone else is overlooking!