Typically, the top reason people conduct patent searches and read patent documents is to see 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 an understanding 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 previous patent documents can increase the chances of success with Patent Attorney as well as create other possible means of making money. Here I am going to show you creative methods 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 make use of the information in patent documents. You may come up with new ways yourself that have never been looked at 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 assist you using the patenting process, why not take down the names and address of law offices or patent agents you find listed on patent document when conducting a patent search. If the address is not given, conduct a Google type search with all the information that is listed. Obviously, just because a firm may have previously handled the patenting of the invention similar to yours doesn’t necessarily mean they are right for you. Would you like to know a good source to find out whether you should look at using the same law firm or patent agent? How about speaking to the inventor listed on the patent document? That’s right, call the inventor, introduce yourself and say, “I’m along the way of getting a patent with an invention. We have been looking for a good reputable agent to help me which will charge a good amount. I understand you used so-and-so. Can you recommend them?” In order to find the contact details of the inventor make use of a people search tool including http://www.whitepages.com. Remember that sometimes the inventors listed on the patent document are working on behalf of a company and had not been in charge of hiring the attorney or agent that handled the patent process. In this particular case, it might not be appropriate to make contact with the inventor. These types of arrangements and a possible means of identifying them are discussed in greater 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 actually 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 ones where the inventor, or inventors work to get a company within the company’s research and development department. As part of the employment contract, the company has ownership rights to any invention developed by the worker. Patent documents that may involve this sort of arrangement are often very easy to spot. Some possible signs are when several inventors are listed on the patent and once the invention is highly technical. Unfortunately, sometimes it is hard to figure out. If it’s not obvious, you just must call and ask. Even when the assignee is actually a company that has a research and development department, it doesn’t mean that they would not be curious about licensing your invention. Since they have already shown that they are running a business with products similar to yours, they may also be adding New Product Idea for 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 get. Create a list of assignees and at the right time, don’t be afraid to make contact with them. If you do not use a patent, just before revealing any information regarding your invention make sure to protect yourself with a non-disclosure or similar form of protection agreement signed.
3. Believe it or not, probably 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 as an employee of any company.) An inventor of any product similar to yours can be considered a gold mine of information for you personally. A lot of people will be scared of contacting the inventor thinking about them being a competitor, but I inform you, it is actually worth the potential risk of obtaining the phone hung up on you. Besides, you would be surprised as to how friendly a lot of people actually are and how willing they are to provide you with advice and share their experiences. Tap to the knowledge they gained through their experience. There will be some individuals may not need to speak with you, but I’ll say it again, you’ll never know before you ask! If you do opt to contact an inventor remember you are there to gather information, not give information. When they start asking them questions which 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 possess a patent as yet.” Many people will understand rather than be offended. You will come across people who failed at being successful with their invention and will attempt to discourage you. This is where you must have a thick skin. Pay attention to what 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 reason for their failure may not apply to you. By the way, you may have the capacity to capitalize off their failure. Read number four below and you will definitely see what I mean.
4. While performing a patent search, if it is found that somebody else has now received a patent on the idea, the tendency is for people to stop right there. However, choosing a previous patent with an invention idea fails to necessarily mean the game is finished. The patent protection may be alive and well, however the inventor’s drive and enthusiasm for his or her invention may not be. They may have abandoned working to make money off their invention. Let me explain. Unfortunately, many people think that when they get yourself a patent on their invention, the amount of money will virtually start rolling in. They have got associated the thought of possessing a patent as being comparable to winning the lottery. They think all they have to do is obtain the patent, contact a few big companies, license their patent to 1, then sit back and wait on the checks. Once this does not happen, they see themselves faced with needing to run the company. This can include paying for the manufacturing and the costs of marketing to say the least. Confronted with this thought, many people get discouraged and provide up. There is no telling the amount of good inventions already patented are collecting dust in garages all over America for this very reason. I’m talking about inventions who have real possibility to make a lot of money if handled correctly. To maintain 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 kind of invention for little money and market it yourself? You bet it could! Some people will gladly just get back the expense of their patent. Others may rather get yourself a small piece of the pie. I am just talking about a very small piece. However, there will be people who prefer to let the ship sink than let another person generate income off their baby.
Before talking to someone concerning the rights with their invention, you must know the subsequent:
After receiving utility patents, maintenance fees have to be paid in order to maintain the patent defense against expiring. This is correct when 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 that patent protection to stay in force. If the maintenance fee is not really paid each and every time it is actually due, the patent protection will lapse and will not be in force. However, there exists a grace period right after the due date where the maintenance fee can be paid, as well as other re-instatement fees, and the patent protection will likely be reinstated.
So, in the event that Invention Idea continues to be previously patented or perhaps you find something which 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 regarding it. Tell anyone you may be interested in purchasing their patent and discover what it would take to allow them to assign it to you. Ensure they know you are a private individual and never a large company. You may be surprised concerning the number of patents you can pick up. By the way, I highly atgjlh hiring a lawyer to check into the status of the patent, cost of reinstatement, maintenance as well as other fees, prepare all contracts and advise on any patents you are interested in acquiring. I’m no attorney and I’m not giving you any legal or professional advice.
When I stated earlier, they are just several possible ways you can utilize information from patent documents. Don’t be confined to just the ways which can be presented here. Be creative. Discover the gold which everybody else is overlooking!