Typically, the main reason people conduct patent searches and read patent documents is to determine 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. In case 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 the box when deciding the best way to utilize information found in the past patent documents can increase the likelihood of success with New Ideas For Inventions as well as create other possible methods for making money. Here I will 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 utilize the information in patent documents. You may come up with new ways yourself that have never been thought of before. Let’s go ahead and have a look at four possible methods to use information found in previously issued patent documents.
1. If you’re searching for a patent attorney or agent that will help you with all the patenting process, why not take down the names and address of lawyers or patent agents you locate listed on patent document when conducting a patent search. If the address is not really given, conduct a Google type search with all the information that is listed. Obviously, just since a firm may have previously handled the patenting of an invention similar to yours doesn’t necessarily mean these are right for you. Do you wish to know a great source to find out whether you should look at 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 in the process of having a patent on 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. Can you recommend them?” In order to discover the contact details from the inventor use a people search tool like http://www.whitepages.com. Be aware that sometimes the inventors listed on the patent document are working on the part of a company and had not been accountable for hiring the attorney or agent that handled the patent process. In this particular case, it might not appropriate to contact the inventor. These kinds of arrangements and a possible means of identifying these 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 really a person or company who has been not the inventor, but was issued ownership or part owner in the patent. Most patents that list assignees are the ones in which the inventor, or inventors work for a company within the company’s research and development department. Within the employment contract, the company has ownership rights to the invention created by the worker. Patent documents that may involve this type of arrangement are often very 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 find out. If it’s not obvious, you just must call and inquire. Even if the assignee is actually a company that has a research and development department, it doesn’t mean they would not be curious about licensing your invention. Given that they have previously shown that they are running a business with products comparable to yours, they may additionally be adding Free Invention Help to their product line. In the event the assignee is surely an individual, it’s hard to figure out why there was an assignment. You’ll never really know up until you call and get. Compose a list of assignees and also at the right time, don’t be scared get in touch with them. Should you not possess a patent, before revealing any details about your invention ensure that you protect yourself having a non-disclosure or similar form of protection agreement signed.
3. Truth be told, the most valuable information you can find on a patent document is definitely the name and address from the inventor. (I’m discussing inventors that work in a private capacity and not as being an employee of a company.) An inventor of a product much like yours can be considered a gold mine of information to suit your needs. Many people would be scared of contacting the inventor considering them as being a competitor, but I inform you, it really is worth the chance of obtaining the phone hung up on you. Besides, you would be surprised concerning how friendly a lot of people really are and just how willing they are to offer you advice and share their experiences. Tap to the knowledge they gained through their experience. There will be some individuals may not want to speak with you, but I’ll say it again, you’ll never know before you ask! If you do opt to make contact with an inventor remember you happen to be there to accumulate information, not give information. If they start asking them questions that you don’t feel comfortable 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 who failed at being successful using their invention and will try to discourage you. This is when you must have a thick skin. Pay attention to what they are saying, 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 apply to you. Anyway, you may have the capacity 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 somebody else has now received a patent on the idea, the tendency is for people to stop right there. However, finding a previous patent on an invention idea does not necessarily mean the 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. They may have abandoned attempting to make money off their invention. Let me explain. Unfortunately, lots of people feel that once they get a patent on the invention, the cash will virtually start rolling in. They have associated the concept of owning a patent as being much like winning the lottery. Believe that all they have to do is obtain the patent, speak to a few big companies, license their patent to 1, then sit back and wait on the checks. Once this will not happen, they see themselves confronted with being forced to run the company. This can include paying for the manufacturing as well as the costs of advertising as you would expect. Up against this thought, some people get discouraged and provide up. There is no telling the amount of good inventions already patented are collecting dust in garages all over America for this particular very reason. I’m speaking about inventions that have real possible ways to make plenty of money if handled correctly. To keep this from happening for you read “Collect Money using Your Invention, Not Dust” by Jack Lander. For inventions in which the inventor has cast aside, will it be easy to purchase the rights to such an invention for little money and market it yourself? You bet it would! Some people will gladly just get back the expense of their patent. Others may rather get yourself a small part of the pie. I am talking about a really small piece. However, there will be those who would rather let the ship sink than let somebody else earn money off their baby.
Before talking to someone about the rights with their invention, you need to understand the following:
After receiving utility patents, maintenance fees must be paid in order to keep the patent protection from expiring. This is correct when 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 your patent protection to keep in force. When the maintenance fee is not really paid each and every time it is actually due, the patent protection will lapse and will no longer be in force. However, there exists a grace period after the due date wherein the maintenance fee can be paid, together with other re-instatement fees, and the patent protection will be reinstated.
So, if you find that How To Invent A Product continues to be previously patented or perhaps 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 happening. Be question of fact about this. 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. Make certain they know you are a private individual and not a huge company. You may be surprised concerning how many patents you can pick up. By the way, I highly atgjlh hiring an attorney to check in to the status of the patent, expense of reinstatement, maintenance as well as other fees, prepare all contracts and advise on any patents you are interested in acquiring. I’m not an attorney and I’m not providing you with any legal or professional advice.
When I stated earlier, they are just a few possible ways you can utilize information from patent documents. Don’t be restricted to just the ways which can be presented here. Be creative. Get the gold that everybody else is overlooking!