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 somebody else. They totally ignore possible hidden treasures that may also be found in previously issued patent documents. If you have an understanding for an invention then you are probability somebody that thinks outside of 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 to utilize information found in previous patent documents can increase the probability of success with Inventhelp Caveman 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 info into gold. I will not, however, show you every possible way 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 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 help 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 which is listed. Obviously, just just because a firm may already have handled the patenting of your invention comparable to yours doesn’t necessarily mean these are right to suit your needs. Do you want to know an excellent source to find out whether you should consider utilizing the same law firm or patent agent? How 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 obtaining a patent on an invention. I actually have been trying to find a good reputable agent to assist me that can charge a good amount. I realize you used so-and-so. Would you recommend them?” In order to locate the contact info in the inventor utilize a people search tool such as http://www.whitepages.com. Bear in mind that sometimes the inventors listed on the patent document are working on the part of a company and had not been in charge of hiring the attorney or agent that handled the patent process. In this case, it could not really appropriate to contact the inventor. These kinds of arrangements along with 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 interested in 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 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 the invention produced by the worker. 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 extremely technical. Unfortunately, sometimes it is hard to find out. If it’s not obvious, you just have to call and ask. Even when the assignee is actually a company that includes a research and development department, it doesn’t mean they would not be interested in licensing your invention. Since they have previously shown that they are in business with products much like yours, they may also be adding Inventhelp Invention News to their product line. When the assignee is definitely an individual, it’s hard to figure out why there was an assignment. You’ll never really know before you call and get. Create a list of assignees and also at the right time, don’t hesitate to contact them. If you do not have a patent, before revealing any information regarding your invention ensure that you protect yourself with a non-disclosure or similar kind of protection agreement signed.
3. Truth be told, probably 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 and not as an employee of a company.) An inventor of a product much like yours can be considered a gold mine of data to suit your needs. Most people could be fearful of contacting the inventor thinking about them being a competitor, however i tell you, it is actually worth the chance of getting the phone hung up on you. Besides, you would be surprised regarding how friendly most people are really and just how willing they will be to offer you advice and share their experiences. Tap in to the knowledge they gained through their experience. You will see some individuals may not want to talk to you, but I’ll say it again, you’ll never know up until you ask! Should you decide to make contact with an inventor remember you happen to be there to collect information, not give information. If they start asking them questions which you don’t feel comfortable answering simple say something like “I know you’ll realize why I can’t share that information since i have do not possess a patent as yet.” A lot of people will understand and not be offended. You will find people who failed at being successful making use of their invention and definately will make an effort to discourage you. This is where you should have a thick skin. Listen to the things they say, for they may share information along with you that you should consider, but don’t let them steal your dream since they failed. The explanation for their failure may not pertain to you. By the way, you may be able to capitalize off their failure. Read number four below and you may see what I mean.
4. While doing a patent search, if it is found that somebody else has received a patent on the idea, the tendency is perfect for individuals to stop right there. However, getting a previous patent on an invention idea does not necessarily mean this game is over. The patent protection may be alive and well, but the inventor’s drive and enthusiasm for invention may not be. They may have given up attempting to make money off their invention. Let me explain. Unfortunately, a lot of people feel that after they get yourself a patent on their invention, the cash will virtually start rolling in. They may have associated the concept of owning a patent as being similar to winning the lottery. They believe all they need to do is have the patent, speak to a few big companies, license their patent to 1, then sit back and wait on the checks. When this will not happen, they see themselves faced with needing to run the organization. This can include investing in the manufacturing and the costs of promoting as you would expect. Confronted with this thought, some people get discouraged and give up. There is absolutely no telling the amount of good inventions already patented are collecting dust in garages throughout America for this very reason. I’m referring to inventions that have real possibility to make a lot 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 inventor has given up, will it be possible to get the rights to such an invention for little money and market it yourself? You bet it might! Many people will be glad to just get back the cost of their patent. Others may rather obtain a small part of the pie. I am just talking about an extremely small piece. However, there will be those that would rather let the ship sink than let someone else make money off their baby.
Before speaking with someone about the rights for their invention, you must understand these:
After receiving utility patents, maintenance fees have to be paid in order to keep the patent defense against expiring. This really is if 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. In the event the maintenance fee is not paid each and every time it is actually due, the patent protection will lapse and will not be in force. However, you will find a grace period following the due date in which the maintenance fee can be paid, as well as other re-instatement fees, as well as the patent protection will be reinstated.
So, in the event that Inventhelp Innovation continues to be previously patented or perhaps 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 going on. Be question of fact regarding it. Tell the individual you may be interested in purchasing their patent and find out what it would take to allow them to assign it to you personally. Make sure they know you happen to be private individual rather than a big company. You may be blown away as to 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 and 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.
When I stated earlier, these are generally 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 creative. Get the gold that everyone else is overlooking!