Typically, the main reason people conduct patent searches and read patent documents is to determine 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. In case you have an idea for an invention then you are probability someone that 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 how you can utilize information found in the past patent documents can increase the likelihood of success with Inventhelp Invention News as well as create other possible ways of earning money. Here I am going to show you creative approaches 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 use the information in patent documents. You may think of 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 help you using 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. When the address is not really given, conduct a Google type search using the information which is listed. Obviously, just just because a firm may already have handled the patenting of an invention similar to yours doesn’t necessarily mean they are right for you personally. Do you wish to know a great source to find out whether you should think about 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 with an invention. I actually have been searching for a good reputable agent to assist me that will charge a reasonable amount. I understand you used so-and-so. Could you recommend them?” In order to find the contact information from the inventor utilize a people search tool including http://www.whitepages.com. Be aware that sometimes the inventors listed on the patent document will work on the part of a company and was not responsible for hiring the attorney or agent that handled the patent process. Within this case, it could not appropriate to contact the inventor. These types of arrangements and a possible means of identifying options are discussed in more 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 actually a person or company who has been not the inventor, but was issued ownership or part owner of the patent. Most patents that list assignees are the ones in which the inventor, or inventors work to get a company inside the company’s research and development department. Included in the employment contract, the company has ownership rights to the invention developed by the employee. 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 and once the invention is highly technical. Unfortunately, sometimes it is hard to determine. If it’s not obvious, you just need to call and get. Even in the event the assignee is actually a company that has a research and development department, it doesn’t mean which they would not be interested in licensing your invention. Since they already have shown they are in business with products similar to yours, they may additionally be adding Prototype Services Inventhelp to their product line. If the assignee is surely an individual, it’s hard to figure out why there was clearly an assignment. You’ll never really know up until you call and inquire. Make a list of assignees and also at the right time, don’t hesitate to contact them. Unless you have a patent, prior to revealing any information about your invention be sure to protect yourself with a non-disclosure or similar kind of protection agreement signed.
3. Truth be told, by far the most valuable information you can find on a patent document will be the name and address from the inventor. (I’m referring to inventors that work in a private capacity and never being an employee of any company.) An inventor of the product comparable to yours can be a gold mine of information for you. Most people would be afraid of contacting the inventor considering them as being a competitor, having said that i inform you, it really is worth the risk of getting the phone hung up on you. Besides, you will be surprised regarding how friendly many people really are and how willing they are to offer you advice and share their experiences. Tap in to the knowledge they gained through their experience. There will be some individuals may not need to talk to you, but I’ll say it again, you’ll never know before you ask! Should you decide to make contact with an inventor remember you are there to gather information, not give information. If they start asking questions that you simply don’t feel at ease answering simple say something like “I know you’ll realize 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 individuals who failed at becoming successful making use of their invention and will try to discourage you. This is when you need to have a thick skin. Listen to what they say, for they may share information together with you that you will need to consider, but don’t let them steal your ideal since they failed. The reason behind their failure may not pertain to you. Incidentally, you may have the capacity to capitalize off their failure. Read number four below and you may see the things i mean.
4. While doing a patent search, if it is found that someone else has now received a patent on the idea, the tendency is perfect for individuals to stop right there. However, getting a previous patent upon an invention idea fails to necessarily mean the video game is finished. The patent protection may be alive and well, but the inventor’s drive and enthusiasm for his or her invention may not really. They may have abandoned working to make money off their invention. Let me explain. Unfortunately, a lot of people believe that once they get a patent on their invention, the amount of money will virtually start rolling in. They have got associated the thought of possessing a patent to be comparable to winning the lottery. They think all they have to do is have the patent, talk 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 confronted with needing to run the company. This can include paying for the manufacturing and the costs of advertising as you would expect. Confronted with this thought, some individuals get discouraged and present up. There is not any telling how many good inventions already patented are collecting dust in garages around America with this very reason. I’m talking about inventions that have real possibility to make tons of money if handled correctly. To maintain this from happening for you read “Collect Money using Your Invention, Not Dust” by Jack Lander. For inventions where the inventor has abandoned, would it be possible to buy the rights to this type of invention for little money and market it yourself? You bet it might! Some people will be glad to just get back the cost of their patent. Others may rather obtain a small piece of the pie. I am speaking about a really small piece. However, you will have those that would rather let the ship sink than let somebody else earn money off their baby.
Before talking to someone concerning the rights to their invention, you must know 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 from the date the patent was issued for the patent protection to keep in force. If the maintenance fee will not be paid every time it is due, the patent protection will lapse and definately will not be in force. However, there is a grace period after the due date wherein the maintenance fee can be paid, along with other re-instatement fees, and also the patent protection is going to be reinstated.
So, if you find that Inventhelp Patent Referral Services continues to be previously patented or else you find something which looks interesting to you, and you will have never seen it on the market, contact the inventor and learn what is going on. Be case of fact regarding it. Tell the individual you may be curious about purchasing their patent and discover what it really would take to allow them to assign it to you. Ensure they know you happen to be private individual and not a large company. You may be amazed concerning the amount of patents you can pick up. By the way, I highly atgjlh hiring an attorney to check to the status of the patent, cost of reinstatement, maintenance and other fees, prepare all contracts and advise on any patents you are interested in acquiring. I’m no attorney and I’m not giving you any legal or professional advice.
Because I stated earlier, these are just a couple of possible ways you can utilize information from patent documents. Don’t be confined to just the ways which are presented here. Be creative. Get the gold that everyone else is overlooking!