Invention Patent - How to locate Gold in Previous Patents

Typically, the main reason people conduct patent searches and study patent documents is always to check if an invention idea has already been patented by another person. They totally ignore possible hidden treasures that may even be found in previously issued patent documents. For those who have an idea with an invention then you're probability somebody that thinks not in the box. Why stop there? Don't limit yourself to thinking not in the box only if inventing. Thinking not in the box when deciding how you can utilize information seen in previous patent documents can increase the chances of success with your personal invention as well as create other possible ways of earning money. The actual going to demonstrate creative methods to utilize information present in previously issued patent documents including methods could turn some information into gold. I will not, however, show you every possible way method for you to new ideas for inventions. You could develop new ways yourself that have never been looked at before. Let's go ahead and take a glance at four possiblity to use information found in previously issued patent documents.




1. If you want a patent attorney or agent to help you with the patenting process, why not take down the names and address of lawyers or patent agents you discover from patent document when conducting a patent search. If the address isn't given, conduct a Google type search with all the information that is listed. Obviously, must be firm could have already handled the patenting of the invention much like yours doesn't invariably mean they are best for you. Would you like to know a good source to find out regardless of whether you must look into employing the same lawyer or patent agent? How about speaking with the inventor on the patent document? That's right, call the inventor, introduce yourself and say, "I'm when finding a patent with an invention. I've been searching for a good reputable agent to help me which will charge an acceptable amount. I understand you used so-and-so. Can you recommend them?" So that you can locate the contact information from the inventor utilize a people finder tool. Know that sometimes the inventors on the patent document work for a business and was not accountable for hiring the lawyer or agent that handled the patent process. In this case, it would not be appropriate to contact the inventor. These kinds of arrangements plus a way you can of identifying them are discussed in greater detail later.

2. From previous patents you may also compile a summary of assignees which may be considering licensing your invention. The assignee in patent document can be a person or company who was not the inventor, but was issued ownership or part person who owns the patent. Most patents that list assignees are the ones in which the inventor, or inventors benefit an organization in the company's research and development department. Within the employment contract, the company has ownership rights to the invention created by the worker. Patent documents which could involve this kind of arrangement are often simple to spot. Some possible signs are when several inventors are on the patent when the invention is very technical. Unfortunately, it is sometimes hard to determine. If not obvious, you just need to call and get. Even if the assignee can be a company which has a research and development department, i am not saying they couldn't survive thinking about licensing your invention. Since they have previously shown they are in operation with products similar to yours, they might even be adding your invention to their products. If the assignee is an individual, it's difficult to find out why there is a project. You'll never fully realize unless you call and ask. Make a list of assignees and also at the best time, you shouldn't be afraid to make contact with them. If you do not possess a patent, just before revealing any details about your invention be sure to protect yourself by having a non-disclosure or similar type of protection agreement signed.

3. Believe it or not, probably the most valuable information you can find on a patent document is the name and address of the inventor. (I'm discussing inventors that work well inside a private capacity and never as an employee of a company.) An inventor of your product much like yours could be a gold mine of data for you personally. Many people could be afraid of contacting the inventor thinking of them as a competitor, however i tell you, it really is worth a chance of having the device hung up for you. Besides, you'd be surprised regarding how friendly many people really are and the way willing they shall be to provide you with advice and share their experiences. Access the knowledge they gained through their experience. You will have some individuals may well not wish to speak to you, but I'll voice it out again, you'll never know until you ask! Should you choose choose to speak to an inventor remember you might be there to get information, not give information. If they start asking them questions you don't feel at ease answering simple say something such as "I know you'll realise why I cannot share that information since i have do not have a patent up to now." Most people will understand and not be offended. You will find people that failed at being successful making use of their invention and will attempt to discourage you. That's where you'll want a thick skin. Hear what they are saying, for they might share information with you that you have to consider, such as the allow them to steal your dream given that they failed. The reason for their failure might not affect you. Incidentally, you could be in a position to capitalize using their company failure. Read # 4 below and you will see what i'm saying.

4. While carrying out a patent search, if it is found out that another person has already received a patent about the idea, the tendency is perfect for individuals to stop there. However, locating a previous patent on an invention idea does not always mean the sport has ended. The patent protection could be alive and well, but the inventor's drive and enthusiasm for his or her invention may not be. They own abandoned trying to make money off their invention. Allow me to explain. Unfortunately, lots of people believe that after they get yourself a patent on their own invention, the money will virtually start rolling in. They've got associated the idea of having a patent to be similar to winning the lottery. Believe that all they have to do is get the patent, contact a few big companies, license their patent to 1, then settle-back and wait on the checks. Once this doesn't happen, they see themselves up against having to run the business enterprise. Including spending money on the manufacturing and the costs of marketing to put it mildly. Faced with this thought, some individuals get discouraged and give up. There isn't any telling the amount of good inventions already patented are getting dusty in garages throughout America because of this very reason. I'm talking about inventions which have real possible ways to make a small fortune if handled correctly. To keep this from taking place read "Collect Money with Your Invention, Not Dust" by Jack Lander. For inventions in which the inventor has provided up, might it be simple to buy the rights to this kind of invention for little money and market it yourself? Without a doubt it might! Some people will probably be pleased to just get back the price of their patent. Others may rather obtain a small chip in the pile. What i'm saying is an extremely small piece. However, you will have those that would rather let the ship sink than let someone else make money off their baby.

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