Typically, the number one reason people conduct patent searches and read patent documents is to see 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 idea for an invention then you are probability somebody 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 probability of success with Inventhelp Invention Marketing as well as create other possible methods for making 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 way possible way you can utilize the information in patent documents. You may develop new ways yourself that have never been considered before. Let’s go on and have a look at four possible methods to use information found in previously issued patent documents.
1. If you’re looking for a patent attorney or agent that will help you with all the patenting process, why not take down the names and address of law offices or patent agents you discover listed on patent document when performing a patent search. In the event the address will not be given, conduct a Google type search using the information that is listed. Obviously, just just because a firm may already have handled the patenting of your invention similar to yours doesn’t necessarily mean they are right for you. Do you want to know an excellent source to find 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 obtaining a patent upon an invention. We have been looking for a good reputable agent to aid me that will charge a good amount. I realize you used so-and-so. Can you recommend them?” In order to find the contact information from the inventor make use of a people search tool including http://www.whitepages.com. Be aware that sometimes the inventors listed on the patent document work for a company and had not been accountable for hiring the attorney or agent that handled the patent process. Within this case, it would not really appropriate to make contact with the inventor. These types of arrangements along with a possible means of identifying these are discussed in greater 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 really a person or company who was not the inventor, but was issued ownership or part owner from the patent. Most patents that list assignees are the ones where the inventor, or inventors work for a company inside 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 sometimes easy to spot. Some possible signs are when several inventors are listed on the patent and once the invention is highly technical. Unfortunately, it is sometimes hard to find out. If it’s not obvious, you just must call and get. Even if the assignee is a company that has a research and development department, it doesn’t mean which they would not be interested in licensing your invention. Because they have previously shown they are in business with products comparable to yours, they may even be adding Inventors Help 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 until you call and ask. Make a list of assignees as well as at the right time, don’t be scared to make contact with them. Should you not have a patent, just before revealing any details about your invention make sure to protect yourself with a non-disclosure or similar type of protection agreement signed.
3. Believe it or not, by far the most valuable information you can find on the patent document is the name and address in the inventor. (I’m referring to inventors that work in a private capacity rather than being an employee of any company.) An inventor of a product comparable to yours can be considered a gold mine of knowledge for you personally. A lot of people could be fearful of contacting the inventor thinking of them as being a competitor, but I tell you, it is actually worth the risk of getting the phone hung high on you. Besides, you would be surprised as to how friendly many people actually are and how willing they are to provide you with advice and share their experiences. Tap in to the knowledge they gained through their experience. You will have many people may not want to talk to you, but I’ll say it again, you’ll never know before you ask! Should you do decide to make contact with an inventor remember you happen to be there to collect information, not give information. When they start asking questions that you simply 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 have a patent as yet.” Many people will understand and not be offended. You will find people who failed at becoming successful using their invention and will make an effort to discourage you. Here is where you must have a thick skin. Tune in to the things they are saying, for they may share information along with you that you will need to consider, but don’t let them steal your dream since 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 will see the things i mean.
4. While doing a patent search, when it is found that someone else has now received a patent on the idea, the tendency is made for individuals to stop right there. However, choosing a previous patent upon an invention idea does not necessarily mean the game has ended. The patent protection may be alive and well, nevertheless 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 believe that when they obtain a patent on the invention, the money will virtually start rolling in. They have associated the thought of owning a patent for being similar to winning the lottery. They think all they need to do is get the patent, talk to a few big companies, license their patent to 1, then sit back and wait on the checks. If this does not happen, they see themselves confronted with needing to run the organization. This consists of paying for 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 how many good inventions already patented are collecting dust in garages all over America with this very reason. I’m speaking about inventions who have real potential to make a lot of money if handled correctly. To maintain this from happening to you personally read “Collect Money with Your Invention, Not Dust” by Jack Lander. For inventions in which the inventor has given up, would it be possible to purchase the rights to such an invention for little money and market it yourself? You bet it might! Some people will gladly just get back the price of their patent. Others may rather obtain a small piece of the pie. I am just speaking about a very small piece. However, you will see those that prefer to let the ship sink than let someone else generate income off their baby.
Before speaking to someone concerning the rights with their invention, you need to understand the following:
After receiving utility patents, maintenance fees have to be paid in order to help keep the patent protection from expiring. This is correct 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 through the date the patent was issued for the patent protection to stay in force. In the event the maintenance fee will not be paid each and every time it is actually due, the patent protection will lapse and definately will no longer be in force. However, there is a grace period following the due date in which the maintenance fee can be paid, along with other re-instatement fees, as well as the patent protection is going to be reinstated.
So, in the event that Innovation has been previously patented or you find a thing that looks interesting to you personally, and you have never seen it on the market, contact the inventor and find out what is happening. Be case of fact about this. Tell the person you may be curious about purchasing their patent and discover what it really would take for them to assign it to you personally. Ensure they know you are a private individual rather than a huge company. You may be surprised as to how many patents you can pick up. Anyway, I highly atgjlh hiring a lawyer to check into the status from the patent, expense 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 offering you any legal or professional advice.
Because I stated earlier, they are just several possible ways you can utilize information from patent documents. Don’t be confined to just the methods that are presented here. Use your imagination. Find the gold that everybody else is overlooking!