Typically, the top 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. If you 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 probability of success with How To Register A Patent In The USA as well as create other possible methods for making money. Here I will show you creative methods to utilize information found in previously issued patent documents including methods could turn some good info into gold. I will not, however, show you every way possible way you can utilize the information in patent documents. You may develop new ways yourself that have never been thought of before. Let’s go on and take a look at four possible approaches to use information found in previously issued patent documents.
1. If you’re searching for a patent attorney or agent to assist you using the patenting process, why not take down the names and address of law offices 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 which is listed. Obviously, just just because a firm may have already handled the patenting of your invention much like yours doesn’t necessarily mean they are right for you personally. Do you wish to know a good source to find out whether you should look at utilizing 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 in the process of obtaining a patent on an invention. I actually have been looking for a good reputable agent to aid me that can charge a good amount. I understand you used so-and-so. Could you recommend them?” In order to find the contact info in the inventor utilize a people search tool including http://www.whitepages.com. Be aware that sometimes the inventors listed on the patent document work on behalf of a company and had not been in charge of hiring the attorney or agent that handled the patent process. In this case, it could not really appropriate to make contact with the inventor. These types of arrangements and a possible means of identifying them are discussed in depth later.
2. From previous patents you can also compile a list 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 in the patent. Most patents that list assignees are the ones where the inventor, or inventors work to get a company inside the company’s research and development department. As part of the employment contract, the company has ownership rights for any invention created by the worker. Patent documents that may involve this type of arrangement are sometimes easy 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 find out. If it’s not obvious, you just have to call and get. Even in the event the assignee is really a company which has a research and development department, it doesn’t mean they would not be curious about licensing your invention. Given that they have already shown that they are in operation with products much like yours, they may additionally be adding Patent Your Idea for their product line. In the event the assignee is surely an individual, it’s hard to find out why there is an assignment. You’ll never really know before you call and get. Make a list of assignees as well as at the right time, don’t be scared get in touch with them. If you do not use a patent, just before revealing any information about your invention make sure to protect yourself with a non-disclosure or similar form of protection agreement signed.
3. Believe it or not, the most valuable information you can find on the patent document will be the name and address in the inventor. (I’m discussing inventors that work in a private capacity and never being an employee of a company.) An inventor of any product comparable to yours can be considered a gold mine of knowledge for you personally. Many people will be afraid of contacting the inventor thinking of them as being a competitor, however i let you know, it is actually worth the potential risk of having the phone hung high on you. Besides, you would be surprised concerning how friendly most people actually 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 many people may not want to talk 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 happen to be there to collect information, not give information. If they start asking questions which you don’t feel relaxed answering simple say something like “I know you’ll understand why I can’t share that information since i have do not possess a patent as yet.” A lot of people will understand and not be offended. You will come across people that failed at being successful with their invention and can make an effort to discourage you. This is when you should have a thick skin. Listen to what they say, for they may share information together with you that you really need to consider, but don’t let them steal your dream simply because they failed. The reason behind their failure may not pertain to you. By the way, you may have the capacity to capitalize off their failure. Read number four below and you will see the things i mean.
4. While carrying out a patent search, when it is found that someone else has already received a patent on the idea, the tendency is for individuals to stop right there. However, finding a previous patent upon an invention idea does not necessarily mean the game is over. 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 cast aside trying to make money off their invention. Let me explain. Unfortunately, lots of people feel that once they get yourself a patent on their invention, the money will virtually start rolling in. They have associated the concept of having a patent to be similar to winning the lottery. They believe all they need 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. If this will not happen, they see themselves confronted with being forced to run the organization. This consists of investing in the manufacturing and the costs of advertising as you would expect. Confronted with this thought, some people get discouraged and provide up. There is absolutely no telling how many good inventions already patented are collecting dust in garages all over America for this very reason. I’m referring to inventions that have real potential to make plenty of money if handled correctly. To keep this from happening for you read “Collect Money with Your Invention, Not Dust” by Jack Lander. For inventions where the inventor has cast aside, will it be easy to buy the rights to such an invention for little money and market it yourself? You bet it could! Many people will gladly just get back the expense of their patent. Others may rather get yourself a small bit of the pie. I am referring to a really small piece. However, there will be people who prefer to let the ship sink than let somebody else generate income off their baby.
Before speaking with someone regarding the rights to their invention, you must know the following:
After receiving utility patents, maintenance fees have to 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 end of years 4, 8 and 12 from the date the patent was issued for that patent protection to stay in force. In the event the maintenance fee is not really paid every time it really is due, the patent protection will lapse and definately will no longer be in force. However, there exists a grace period right after the due date where the maintenance fee can be paid, together with other re-instatement fees, and the patent protection will likely be reinstated.
So, if you find that Getting A Patent has become previously patented or else you find something which looks interesting to you personally, and you have never seen it on the market, contact the inventor and find out what is going on. Be question of fact about this. Tell the individual you may be interested in purchasing their patent and find out what it really would take to allow them to assign it to you. Ensure they know you happen to be private individual and never a huge company. You may be amazed as to the amount of patents you can pick up. Incidentally, I highly atgjlh hiring a lawyer to check into the status of the patent, expense of reinstatement, maintenance along with 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 generally just a couple of possible ways you can utilize information from patent documents. Don’t be limited to just the ways which can be presented here. Be creative. Get the gold that everyone else is overlooking!