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November 28, 2019 by No Comments

Typically, the main reason people conduct patent searches and read patent documents is to determine if an invention idea has already been patented by someone else. They totally ignore possible hidden treasures that may also be found in previously issued patent documents. In case you have an understanding for an invention then you are probability somebody that thinks outside the box. Why stop there? Don’t limit yourself to thinking outside the box only when inventing. Thinking outside the box when deciding how to utilize information found in previous patent documents can increase the likelihood of success with How To Obtain A Patent as well as create other possible methods for making money. Here I am going to show you creative methods to utilize information found in previously issued patent documents including methods could turn some information into gold. I will not, however, show you every way possible way you can make use of 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 methods 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 the patenting process, why not take down the names and address of lawyers or patent agents you find listed on patent document when conducting a patent search. When the address is not given, conduct a Google type search using the information that is listed. Obviously, just just because a firm may already have handled the patenting of an invention comparable to yours doesn’t necessarily mean they may be right for you. Do you want to know a good source to find out whether you should consider utilizing the same law firm or patent agent? How 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 having a patent upon an invention. I have been trying to find a good reputable agent to assist me that will charge a fair amount. I understand you used so-and-so. Can you recommend them?” In order to find the contact information in the inventor utilize a people search tool including Bear in mind 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. In this case, it could not really appropriate get in touch with the inventor. These kinds of arrangements as well as a possible way of identifying options are discussed in greater detail 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 had been not the inventor, but was issued ownership or part owner from the patent. Most patents that list assignees are ones in which the inventor, or inventors work to get a company in the company’s research and development department. Within the employment contract, the company has ownership rights to any invention produced by the employee. Patent documents that may involve this kind of arrangement are often easy to spot. Some possible signs are when several inventors are listed on the patent so when the invention is very technical. Unfortunately, it is sometimes hard to find out. If it’s not obvious, you just must call and inquire. Even when the assignee is really a company which has a research and development department, it doesn’t mean which they would not be curious about licensing your invention. Since they have already shown they are running a business with products similar to yours, they may even be adding I Want To Patent My Idea with their product line. In the event the assignee is surely an individual, it’s hard to determine why there was an assignment. You’ll never really know up until you call and ask. Make a list of assignees and at the right time, don’t be afraid get in touch with them. Should you not have a patent, before revealing any information about your invention make sure to protect yourself by having a non-disclosure or similar kind of protection agreement signed.

3. Truth be told, 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 being an employee of a company.) An inventor of any product much like yours can be a gold mine of data for you. Most people will be scared of contacting the inventor thinking about them as a competitor, having said that i let you know, it really is worth the chance of getting the phone hung up on you. Besides, you would be surprised regarding how friendly many people really are and exactly how willing they will be 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 until you ask! Should you do decide 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 relaxed answering simple say something like “I know you’ll discover why I can’t share that information since i have do not have a patent as yet.” Many people will understand rather than be offended. You will find individuals who failed at becoming successful making use of their invention and can try to discourage you. This is where you should have a thick skin. Tune in to what they say, for they may share information together with you that you will need to consider, but don’t let them steal your ideal since 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 may see the things i mean.

4. While doing a patent search, if it is found that someone else has now received a patent on the idea, the tendency is made for people to stop right there. However, getting a previous patent on an invention idea fails to necessarily mean the game has ended. The patent protection may be alive and well, however the inventor’s drive and enthusiasm for invention may not. They may have given up working to make money off their invention. Let me explain. Unfortunately, lots of people feel that after they get a patent on their own invention, the cash will virtually start rolling in. They may have associated the idea of owning a patent as being comparable to winning the lottery. Believe that all they must 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 fails to happen, they see themselves up against needing to run the business. This consists of spending money on the manufacturing and also the costs of promoting to say the least. 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 throughout America for this very reason. I’m talking about inventions which have real possibility to make plenty 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 given up, will it be easy to get the rights to this kind of invention for little money and market it yourself? You bet it might! Some people will be happy to just get back the expense of their patent. Others may rather obtain a small bit of the pie. I am talking about a really small piece. However, you will have those who prefer to let the ship sink than let someone else generate income off their baby.

Before talking to someone about the rights to their invention, you must know the following:

After receiving utility patents, maintenance fees have to be paid in order to keep 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 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 will not be paid each and every time it is actually due, the patent protection will lapse and definately will no longer be in force. However, there exists a grace period following 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 Invent Help Invention Ideas has become previously patented or else you find something which looks interesting for you, and you have never seen it on the market, contact the inventor and learn what is happening. Be case of fact about it. Tell the person you may be interested in purchasing their patent and learn what it really would take for them to assign it to you personally. Make certain they know you are a private individual and not a big company. You may be blown away as to the amount of patents you can pick up. Incidentally, I highly atgjlh hiring an attorney to check in to the status in 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 offering you any legal or professional advice.

As I stated earlier, they are just a couple of possible ways you can utilize information from patent documents. Don’t be confined to just the methods that are presented here. Use your imagination. Find the gold that everyone else is overlooking!

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