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 another person. They totally ignore possible hidden treasures that may also be found in previously issued patent documents. If you have a concept for an invention then you are probability someone who thinks outside of the box. Why stop there? Don’t limit yourself to thinking outside the box only when inventing. Thinking outside the box when deciding how you can utilize information found in the past patent documents can increase the probability of success with New Invention Ideas as well as create other possible ways of making money. Here I will show you creative approaches to utilize information found in previously issued patent documents including ways that could turn some good 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 thought of before. Let’s go ahead and take 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 discover listed on patent document when conducting a patent search. If the address will not be given, conduct a Google type search with all the information that is listed. Obviously, just because a firm may already have handled the patenting of the invention similar to yours doesn’t necessarily mean they may be right to suit your needs. Would you like to know a great source for finding out whether you should look at utilizing 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 obtaining a patent upon an invention. I actually have been looking for a good reputable agent to help me that will charge a fair amount. I realize you used so-and-so. Can you recommend them?” In order to find the contact info 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 behalf of a company and was not responsible for hiring the attorney or agent that handled the patent process. Within this case, it would not appropriate get in touch with the inventor. These sorts of arrangements as well as a possible method of identifying these are discussed in depth later.
2. From previous patents you can also compile a listing of assignees that may be interested in licensing your invention. The assignee listed on the patent document is actually a person or company who was not the inventor, but was issued ownership or part owner of the patent. Most patents that list assignees are the ones where the inventor, or inventors work for any company inside the company’s research and development department. Within the employment contract, the company has ownership rights for any invention produced by the employee. Patent documents that may involve this type of arrangement are sometimes simple to spot. Some possible signs are when several inventors are listed on the patent and when the invention is highly technical. Unfortunately, it is sometimes hard to determine. If it’s not obvious, you just have to call and inquire. Even in the event the assignee is really a company which has a research and development department, it doesn’t mean that they would not be interested in licensing your invention. Given that they already have shown they are in operation with products similar to yours, they may also be adding How To Start An Invention Idea to their product line. When the assignee is definitely 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 and also at the right time, don’t hesitate get in touch with them. Should you not use a patent, just before revealing any information regarding your invention ensure that you protect yourself with a non-disclosure or similar type of protection agreement signed.
3. Believe it or not, probably the most valuable information you can find over a patent document is definitely the name and address of the inventor. (I’m referring to inventors that work in a private capacity rather than as being an employee of any company.) An inventor of a product similar to yours can be a gold mine of information for you personally. Many people could be scared of contacting the inventor considering them as being a competitor, but I tell you, it really is worth the chance of obtaining the phone hung up on you. Besides, you would be surprised regarding how friendly most people really are and just how willing they will be to provide you with advice and share their experiences. Tap into the knowledge they gained through their experience. There will be many people may not want to speak to you, but I’ll say it again, you’ll never know until you ask! If you do choose to contact an inventor remember you might be there to gather information, not give information. Should they start asking questions that you simply don’t feel at ease 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.” A lot of people will understand and never be offended. You will find individuals who failed at becoming successful making use of their invention and definately will try to discourage you. This is where you need to have a thick skin. Pay attention to the things they say, for they may share information along with you that you should consider, but don’t let them steal your ideal simply because they failed. The reason behind their failure may not affect you. Incidentally, 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, should it be found that somebody else has now received a patent on the idea, the tendency is perfect for individuals to stop right there. However, getting a previous patent upon an invention idea does not necessarily mean this game has ended. The patent protection may be alive and well, nevertheless the inventor’s drive and enthusiasm for invention may not. They may have abandoned trying to make money off their invention. Let me explain. Unfortunately, many people feel that when they get a patent on their own invention, the amount of money will virtually start rolling in. They have associated the thought of owning a patent to be much like winning the lottery. They believe all they have to do is obtain the patent, speak to a few big companies, license their patent to one, then sit back and wait on the checks. Once this does not happen, they see themselves faced with being forced to run the organization. This can include spending money on the manufacturing and also the costs of marketing as you would expect. Confronted with this thought, some people get discouraged and give up. There is no telling how many good inventions already patented are collecting dust in garages around America for this very reason. I’m referring to inventions who have real possible ways to make plenty of money if handled correctly. To maintain this from happening to you personally read “Collect Cash with Your Invention, Not Dust” by Jack Lander. For inventions where the inventor has abandoned, will it be possible to get the rights to such an invention for little money and market it yourself? You bet it could! Some individuals will gladly just get back the price of their patent. Others may rather get a small bit of the pie. I am speaking about a really small piece. However, you will see those that would rather let the ship sink than let somebody else make money off their baby.
Before speaking with someone regarding the rights to their invention, you must know these:
After receiving utility patents, maintenance fees must be paid in order to help keep the patent defense against expiring. This really is if the utility patent was issued on or after December 12, 1980. Maintenance fees are due no later compared to the end of years 4, 8 and 12 from the date the patent was issued for your patent protection to stay in force. In the event the maintenance fee will not be paid each and every time it is due, the patent protection will lapse and will not be in force. However, you will find a grace period following the due date in which the maintenance fee can be paid, together with other re-instatement fees, and the patent protection is going to be reinstated.
So, if you find that Inventor Ideas has been previously patented or perhaps you find something that looks interesting to you, and you will have never seen it on the market, contact the inventor and learn what is going on. Be case of fact about it. Tell the person you may be curious about purchasing their patent and find out what it would take for them to assign it to you personally. Ensure they know you happen to be private individual rather than a big company. You may be amazed regarding the number of patents you can pick up. Incidentally, I highly atgjlh hiring legal counsel to check into the status in the patent, expense of reinstatement, maintenance and 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.
As 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 which are presented here. Be imaginative. Discover the gold which everybody else is overlooking!