Inventhelp Licensing Expo..

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. If you have an understanding for an invention then you are probability someone that thinks outside of the box. Why stop there? Don’t limit yourself to thinking outside of 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 likelihood of success with Inventhelp Office Locations 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 methods could turn some good information into gold. I will not, however, show you every possible way 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 have a look at four possible approaches to use information found in previously issued patent documents.

1. If you’re trying to find a patent attorney or agent to help you with the patenting process, why not take down the names and address of law firms or patent agents you locate listed on patent document when performing a patent search. When the address will not be given, conduct a Google type search with all the information that is certainly listed. Obviously, just since a firm may have already handled the patenting of your invention much like yours doesn’t necessarily mean they may be right for you. Would you like to know a good source for finding out whether you should think about using the same law firm or patent agent? How about talking 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 on an invention. We have been trying to find a good reputable agent to help me that will charge a fair amount. I realize you used so-and-so. Could you recommend them?” In order to discover the contact info of the inventor make use of a people search tool like 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. In this case, it might not really appropriate to contact the inventor. These types of arrangements as well as a possible method of identifying options are discussed in depth later.

2. From previous patents you can also compile a summary of assignees that may be interested in licensing your invention. The assignee listed on the patent document is actually a person or company who had been not the inventor, but was issued ownership or part owner of the patent. Most patents that list assignees are ones in which the inventor, or inventors work for a company in the company’s research and development department. Within the employment contract, the company has ownership rights to any invention developed by the staff member. Patent documents that may involve this type 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, sometimes it is hard to figure out. If it’s not obvious, you just have to call and get. Even if the assignee is actually a company that has a research and development department, it doesn’t mean that they would not be interested in licensing your invention. Since they already have shown that they are in business with products much like yours, they may also be adding Inventhelp New Inventions with their product line. In the event the assignee is definitely an individual, it’s hard to figure out why there was an assignment. You’ll never really know before you call and ask. Make a list of assignees and also at the right time, don’t be scared to make contact with them. Should you not possess a patent, prior to revealing any details about your invention be sure to protect yourself having a non-disclosure or similar kind of protection agreement signed.

3. Surprisingly, probably the most valuable information you can find on the patent document is definitely the name and address of the inventor. (I’m talking about inventors that work in a private capacity rather than as an employee of a company.) An inventor of any product much like yours can become a gold mine of knowledge for you. Many people will be fearful of contacting the inventor considering them as being a competitor, having said that i inform you, it really is worth the potential risk of having the phone hung up on you. Besides, you would be surprised as to how friendly many people are really and just how willing they are to give you advice and share their experiences. Tap into the knowledge they gained through their experience. There will be some individuals may not want to speak with you, but I’ll say it again, you’ll never know until you ask! Should you do decide to make contact with an inventor remember you are there to accumulate information, not give information. Should they start asking 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 do not have a patent as yet.” Most people will understand and not be offended. You will find people who failed at being successful making use of their invention and will try to discourage you. This is when you should have a thick skin. Pay attention to the things they say, for they may share information together with you that you should consider, but don’t let them steal your ideal simply because they failed. The explanation for their failure may not pertain to you. Anyway, you may have the capacity to capitalize off their failure. Read number four below and you may 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 made for people to stop right there. However, getting a previous patent on an invention idea will not necessarily mean this game is finished. The patent protection may be alive and well, but the inventor’s drive and enthusiasm for his or her invention may not really. They may have given up working to make money off their invention. Let me explain. Unfortunately, a lot of people feel that once they get yourself a patent on the invention, the money will virtually start rolling in. They may have associated the concept of owning a patent to be similar to winning the lottery. They think all they need to do is have the patent, talk 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 confronted with needing to run the company. This can include spending money on the manufacturing and also the costs of promoting to put it mildly. Faced with this thought, some people get discouraged and give up. There is no telling the amount of good inventions already patented are collecting dust in garages throughout America for this very reason. I’m talking about inventions that have real potential to make tons of money if handled correctly. To maintain this from happening to you personally read “Collect Money with Your Invention, Not Dust” by Jack Lander. For inventions where the inventor has cast aside, would it be easy to get the rights to such an invention for little money and market it yourself? You bet it might! Some individuals will gladly just get back the price of their patent. Others may rather get a small part of the pie. I am referring to a really small piece. However, you will have those that would prefer to let the ship sink than let another person make money off their baby.

Before speaking to someone regarding the rights for their invention, you need to understand the subsequent:

After receiving utility patents, maintenance fees must be paid in order to help keep the patent protection from expiring. This is correct 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 through the date the patent was issued for the patent protection to keep in force. When the maintenance fee is not paid each and every time it 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 in which the maintenance fee can be paid, together with other re-instatement fees, as well as the patent protection will likely be reinstated.

So, in the event that Invention Help continues to be previously patented or perhaps you find something which looks interesting for you, and you have never seen it on the market, contact the inventor and find out what is happening. Be case of fact about it. Tell the individual you may be interested in purchasing their patent and find out what it would take for them to assign it for you. Make sure they know you are a private individual and not a huge company. You may be amazed as to the amount of patents you can pick up. By the way, I highly atgjlh hiring a lawyer 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 interested in acquiring. I’m not an attorney and I’m not offering you any legal or professional advice.

When 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 are presented here. Be imaginative. Get the gold which everybody else is overlooking!