Typically, the main reason people conduct patent searches and read patent documents is to see if an invention idea has already been patented by another person. They totally ignore possible hidden treasures that may also be found in previously issued patent documents. For those who have a concept for an invention then you are probability someone 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 you can utilize information found in previous patent documents can increase the chances of success with Innovation as well as create other possible means of earning money. Here I will show you creative methods 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 use the information in patent documents. You may think of new ways yourself that have never been considered before. Let’s go on and check out four possible ways to use information found in previously issued patent documents.
1. If you’re trying to find 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 discover listed on patent document when performing a patent search. When the address will not be given, conduct a Google type search using the information that is certainly listed. Obviously, just because a firm may have previously handled the patenting of the invention comparable to yours doesn’t necessarily mean they are right for you. Do you want to know a good source to find out whether you should look at using the same law firm or patent agent? What about speaking with 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 with an invention. I actually have been looking for a good reputable agent to assist me that will charge a reasonable amount. I understand you used so-and-so. Can you recommend them?” In order to locate the contact details from the inventor make use of a people search tool including 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 accountable for hiring the attorney or agent that handled the patent process. In this particular case, it might not really appropriate to make contact with the inventor. These sorts of arrangements and a possible means of identifying these are discussed in more detail 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 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 to get a company inside the company’s research and development department. Included in the employment contract, the company has ownership rights for any invention produced by the staff member. Patent documents that may involve this sort of arrangement are occasionally simple to spot. Some possible signs are when several inventors are listed on the patent so when the invention is extremely technical. Unfortunately, sometimes it is hard to figure out. If it’s not obvious, you just need to call and ask. Even in the event the assignee is a company that includes 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 additionally be adding Inventhelp Prototype to their product line. If the assignee is an individual, it’s hard to figure out why there was clearly an assignment. You’ll never really know until you call and inquire. Make a list of assignees as well as at the right time, don’t hesitate to make contact with them. Unless you have a patent, prior to revealing any information regarding your invention be sure to protect yourself with a non-disclosure or similar form of protection agreement signed.
3. Truth be told, probably the most valuable information you can find on the patent document is the name and address in the inventor. (I’m talking about inventors that work in a private capacity and not being an employee of a company.) An inventor of any product much like yours can be a gold mine of data to suit your needs. Most people could be scared of contacting the inventor thinking about them as a competitor, but I let you know, it is actually worth the chance of getting the phone hung up on you. Besides, you will be surprised regarding how friendly a lot of people really are and how willing they are to give you advice and share their experiences. Tap into the knowledge they gained through their experience. You will see some people may not need to speak with you, but I’ll say it again, you’ll never know until you ask! Should you opt to make contact with an inventor remember you are there to collect information, not give information. When 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 have do not have a patent as yet.” Most people will understand and not be offended. You will find people that failed at becoming successful with their invention and definately will make an effort to discourage you. This is where you need to have a thick skin. Listen to whatever they are saying, for they may share information with you that you really need to consider, but don’t let them steal your ideal since they failed. The reason for their failure may not affect you. Incidentally, you may be able to capitalize off their failure. Read number four below and you will definitely see a few things i mean.
4. While doing 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 with an invention idea will not necessarily mean the game has ended. The patent protection may be alive and well, however the inventor’s drive and enthusiasm for his or her invention may not. They may have given up attempting to make money off their invention. Let me explain. Unfortunately, many people believe that when they obtain a patent on their own invention, the amount of money will virtually start rolling in. They may have associated the thought of having a patent to be much like winning the lottery. Believe that all they need to do is get the patent, contact a few big companies, license their patent to a single, then sit back and wait on the checks. When this will not happen, they see themselves up against needing to run the company. This can include investing in the manufacturing and also the costs of advertising to say the least. Faced with this thought, some individuals get discouraged and provide up. There is absolutely no telling the amount of good inventions already patented are collecting dust in garages all over America for this particular very reason. I’m talking about inventions which have real possibility to make a lot of money if handled correctly. To help keep this from happening for you read “Collect Cash with Your Invention, Not Dust” by Jack Lander. For inventions in which the inventor has given up, will it be possible to purchase the rights to this type of invention for little money and market it yourself? You bet it might! Some individuals will be happy to just get back the expense of their patent. Others may rather get a small part of the pie. I am just speaking about a really small piece. However, you will have those who prefer to let the ship sink than let someone else earn money off their baby.
Before speaking with someone about the rights with their invention, you must know these:
After receiving utility patents, maintenance fees are required to be paid in order to keep the patent protection from expiring. This is true when 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 your patent protection to stay in force. If the maintenance fee is not paid every time it is due, the patent protection will lapse and definately will not be in force. However, you will find a grace period right after the due date where the maintenance fee can be paid, together with other re-instatement fees, as well as the patent protection will be reinstated.
So, in the event that How To Patent continues to be previously patented or you find a thing that looks interesting to you, and you will have never seen it on the market, contact the inventor and find out what is going on. Be matter of fact about this. Tell the person you may be interested in purchasing their patent and learn what it really would take to allow them to assign it to you personally. Ensure they know you are a private individual and not a huge company. You may be amazed concerning the amount of patents you can pick up. By the way, I highly atgjlh hiring a lawyer to check to the status in the patent, expense of reinstatement, maintenance as well as 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.
As I stated earlier, these are just a few possible ways you can utilize information from patent documents. Don’t be limited to just the methods that are presented here. Use your imagination. Get the gold that everybody else is overlooking!