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. For those who 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 to utilize information found in the past patent documents can increase the chances of success with Inventhelp Reviews 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 ways that could turn some information into gold. I will not, however, show you every possible way way you can use the information in patent documents. You may come up with new ways yourself that have never been considered before. Let’s go ahead and have 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 all the patenting process, why not take down the names and address of law offices or patent agents you locate 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 because a firm may already have handled the patenting of an invention similar to yours doesn’t necessarily mean these are right for you personally. Do you want to know an excellent source for locating out whether you should look at using the same law firm or patent agent? Think about speaking 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 on an invention. I actually have been trying to find a good reputable agent to help me that can charge a fair amount. I understand you used so-and-so. Can you recommend them?” In order to find the contact info from the inventor use a people search tool including http://www.whitepages.com. Remember that sometimes the inventors listed on the patent document will work on behalf of a company and had not been responsible for hiring the attorney or agent that handled the patent process. Within this case, it would not be appropriate to make contact with the inventor. These types of arrangements and a possible method of identifying them 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 really a person or company who had been not the inventor, but was issued ownership or part owner of the patent. Most patents that list assignees are ones in which the inventor, or inventors work for any company in 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 kind of arrangement are occasionally simple to spot. Some possible signs are when several inventors are listed on the patent so when the invention is highly technical. Unfortunately, sometimes it is hard to figure out. If it’s not obvious, you just must call and get. Even if the assignee is a company which has a research and development department, it doesn’t mean that they would not be interested in licensing your invention. Because they have previously shown that they are in operation with products much like yours, they may even be adding Inventhelp Patent Information with their product line. If the assignee is surely an individual, it’s hard to determine why there was clearly an assignment. You’ll never really know until you call and get. Create a list of assignees and at the right time, don’t hesitate to make contact with them. Should you not use a patent, before revealing any information about your invention make sure to protect yourself having a non-disclosure or similar form of protection agreement signed.
3. Believe it or not, probably the most valuable information you can find on a patent document is the name and address from the inventor. (I’m referring to inventors that work in a private capacity and not as an employee of any company.) An inventor of the product comparable to yours can become a gold mine of information for you personally. Many people could be fearful of contacting the inventor thinking of them as a competitor, but I let you know, it is worth the chance of obtaining the phone hung up on you. Besides, you will be surprised concerning how friendly many people actually are and how willing they will be to offer you advice and share their experiences. Tap into the knowledge they gained through their experience. You will see many people may not need to speak with you, but I’ll say it again, you’ll never know until you ask! Should you do choose to make contact with an inventor remember you happen to be there to accumulate information, not give information. Should they start asking questions which you don’t feel at ease 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.” Many people will understand and not be offended. You will find people that failed at becoming successful making use of their invention and definately will try to discourage you. This is where you must have a thick skin. Listen to the things they are saying, for they may share information along with you that you really need to consider, but don’t let them steal your perfect simply because they failed. The explanation for their failure may not apply to you. By the way, you may be able to capitalize off their failure. Read number four below and you may see the things i mean.
4. While doing a patent search, when it is found that someone else has received a patent on the idea, the tendency is made for individuals to stop right there. However, choosing a previous patent with an invention idea fails to necessarily mean the video game is over. The patent protection may be alive and well, but the inventor’s drive and enthusiasm for their invention may not really. They may have cast aside trying to make money off their invention. Let me explain. Unfortunately, a lot of people think that when they get yourself a patent on their invention, the money will virtually start rolling in. They have got associated the idea of having a patent to be similar to winning the lottery. They believe all they must do is have the patent, speak to a few big companies, license their patent to a single, then sit back and wait on the checks. When this fails to happen, they see themselves faced with having to run the business. This includes spending money on the manufacturing and also the costs of advertising to put it mildly. Up against this thought, some people get discouraged and provide up. There is not any telling the number of good inventions already patented are collecting dust in garages around America for this particular very reason. I’m speaking about inventions which have real potential to make tons of money if handled correctly. To help keep this from happening to you read “Collect Cash with Your Invention, Not Dust” by Jack Lander. For inventions where inventor has given up, would it be easy to buy the rights to this kind of invention for little money and market it yourself? You bet it could! Some people will be happy to just get back the expense 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 have people who would rather let the ship sink than let another person make money off their baby.
Before speaking to someone about the rights with their invention, you must understand the following:
After receiving utility patents, maintenance fees have to be paid in order to maintain the patent protection from 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 your date the patent was issued for the patent protection to keep in force. If the maintenance fee is not paid each time it really is due, the patent protection will lapse and can no longer be in force. However, there is a grace period right after the due date where the maintenance fee can be paid, along with other re-instatement fees, and also the patent protection will likely be reinstated.
So, in the event that How To Get Help With An Invention continues to be previously patented or you find something which looks interesting for you, and you will have never seen it on the market, contact the inventor and learn what is happening. Be question of fact regarding it. Tell the person you may be interested in purchasing their patent and find out exactly what it would take for them to assign it to you personally. Make sure they know you are a private individual and never a huge company. You may be amazed concerning 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 considering acquiring. I’m no attorney and I’m not giving you any legal or professional advice.
Because I stated earlier, these are generally just a couple of possible ways you can utilize information from patent documents. Don’t be restricted to just the methods that are presented here. Be imaginative. Discover the gold that everyone else is overlooking!