Typically, the main 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. In case you have a concept for an invention then you are probability somebody that thinks outside the box. Why stop there? Don’t limit yourself to thinking outside the box only when inventing. Thinking outside of the box when deciding how to utilize information found in the past patent documents can increase the likelihood of success with Inventhelp Store as well as create other possible means of earning money. Here I will show you creative approaches to utilize information found in previously issued patent documents including ways that could turn some good info into gold. I will not, however, show you every way possible way you can use the information in patent documents. You may develop new ways yourself that have never been thought of before. Let’s go on and check out four possible approaches to use information found in previously issued patent documents.
1. If you’re trying to find a patent attorney or agent to help you with all the patenting process, why not take down the names and address of law firms or patent agents you locate listed on patent document when performing a patent search. In the event the address is not given, conduct a Google type search with all the information which is listed. Obviously, just just because a firm may have already handled the patenting of the invention much like yours doesn’t necessarily mean they may be right to suit your needs. Would you like to know an excellent source for locating out whether you should think about 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 getting a patent upon an invention. We have been searching for a good reputable agent to assist me that will charge a fair amount. I understand you used so-and-so. Would you recommend them?” In order to locate the contact details of the inventor utilize a people search tool such as http://www.whitepages.com. Remember that sometimes the inventors listed on the patent document work for a company and was not in charge of hiring the attorney or agent that handled the patent process. In this case, it might not appropriate to contact the inventor. These types of arrangements and a possible method of identifying these are discussed in depth later.
2. From previous patents you can also compile a summary of assignees that may be curious about licensing your invention. The assignee listed on the patent document is 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 in which the inventor, or inventors work for a company inside the company’s research and development department. Within the employment contract, the company has ownership rights to the invention produced by the employee. Patent documents that may involve this type of arrangement are often easy to spot. Some possible signs are when several inventors are listed on the patent so when the invention is highly technical. Unfortunately, it is sometimes hard to find out. If it’s not obvious, you just need to call and inquire. Even in the event the assignee is a company which has a research and development department, it doesn’t mean which they would not be interested in licensing your invention. Because they have already shown they are running a business with products similar to yours, they may additionally be adding How To Make An Invention Prototype With Inventhelp with their product line. If the assignee is definitely an individual, it’s hard to determine why there was clearly an assignment. You’ll never really know up until you call and ask. Create a list of assignees and also at the right time, don’t be scared to make contact with them. Should you not use a patent, prior to revealing any details about your invention make sure to protect yourself by having a non-disclosure or similar form of protection agreement signed.
3. Surprisingly, the most valuable information you can find on the patent document will be the name and address from the inventor. (I’m referring to inventors that work in a private capacity and not as an employee of the company.) An inventor of a product comparable to yours can become a gold mine of knowledge for you personally. A lot of people will be fearful of contacting the inventor thinking about them as a competitor, having said that i tell you, it really is worth the chance of having the phone hung on you. Besides, you will be surprised as to how friendly a lot of people are really and how willing they are to provide you with advice and share their experiences. Tap into the knowledge they gained through their experience. There will be some individuals may not need to speak 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 might be there to gather information, not give information. Should they start asking 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 have do not have a patent as yet.” A lot of people will understand rather than be offended. You will come across people who failed at becoming successful using their invention and can attempt to discourage you. This is where you need to have a thick skin. Tune in to whatever they say, for they may share information together with you that you should consider, but don’t let them steal your dream given that they failed. The reason for their failure may not affect you. By the way, you may be able to capitalize off their failure. Read number four below and you will definitely see the things i mean.
4. While carrying out a patent search, if it is found that someone else has already received a patent on the idea, the tendency is for people to stop right there. However, choosing a previous patent upon an invention idea does not necessarily mean this game is finished. The patent protection may be alive and well, nevertheless the inventor’s drive and enthusiasm for their invention may not be. They may have abandoned attempting to make money off their invention. Let me explain. Unfortunately, many people believe that once they get a patent on their invention, the money will virtually start rolling in. They have associated the idea of having a patent to be comparable to winning the lottery. Believe that all they must do is obtain the patent, speak to a few big companies, license their patent to a single, then sit back and wait on the checks. Once this will not happen, they see themselves up against being forced to run the organization. This can include spending money on the manufacturing and also the costs of marketing to say the least. 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 around America for this particular very reason. I’m talking about inventions that have real potential to make tons of money if handled correctly. To help keep this from happening for you read “Collect Money using Your Invention, Not Dust” by Jack Lander. For inventions where inventor has abandoned, would it be possible to get the rights to this type of 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 a small piece of the pie. I am just referring to a very small piece. However, you will have those that prefer to let the ship sink than let someone else earn money off their baby.
Before talking to someone regarding the rights for their invention, you must understand the following:
After receiving utility patents, maintenance fees have to be paid in order to keep the patent protection from expiring. This really is 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 from your date the patent was issued for that patent protection to stay in force. In the event the maintenance fee will not be paid each time it is actually due, the patent protection will lapse and can not be in force. However, you will find a grace period following the due date wherein the maintenance fee can be paid, as well as other re-instatement fees, and the patent protection will be reinstated.
So, if you find that How To Make An Invention Prototype With Inventhelp has been previously patented or else you find something which looks interesting for you, and you have never seen it on the market, contact the inventor and discover what is happening. Be matter of fact regarding it. Tell the person you may be interested in purchasing their patent and learn what it would take to allow them to assign it to you. Ensure they know you are a private individual rather than a huge company. You may be blown away concerning how many patents you can pick up. Incidentally, I highly atgjlh hiring a lawyer to check into the status of the patent, price of reinstatement, maintenance along with other fees, prepare all contracts and advise on any patents you are interested in acquiring. I’m not an attorney and I’m not giving you any legal or professional advice.
As I stated earlier, they are just several possible ways you can utilize information from patent documents. Don’t be restricted to just the methods which are presented here. Be creative. Discover the gold that everyone else is overlooking!