Invention Patent – How to Find Gold in Previous Patents

Typically, the number one reason people conduct patent searches and read patent documents is to see 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 idea 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 of the box when deciding how to utilize information found in previous patent documents can increase the chances of success with your own invention as well as create other possible ways of making money. There are some great tips about it on this article¬†

Here I am going to show you creative ways 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 way possible way you can use the information in patent documents. You may come up with new ways yourself that have never been thought of before. Let’s go ahead and take a look at possible ways to use information found in previously issued patent documents.

If you’re looking for 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 find listed on patent document when conducting a patent search. If the address is not given, conduct a Google type search with the information that is listed. Obviously, just because a firm may have already handled the patenting of an invention similar to yours doesn’t necessarily mean they are right for you. Be aware 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 would not be appropriate to contact the inventor. These types of arrangements and a possible way of identifying them are discussed in more detail later.

Believe it or not, the most valuable information you can find on a patent document is the name and address of the inventor. (I’m referring to inventors that work in a private capacity and not as an employee of a company.) An inventor of a product similar to yours can be a gold mine of information for you. Most people would be afraid of contacting the inventor thinking of them as a competitor, but I tell you, it is worth the risk of getting the phone hung up on you. Besides, you would be surprised as to how friendly most people really are and how willing they will be to give you advice and share their experiences. Tap into the knowledge they gained through their experience. There will be some people may not want to talk to you, but I’ll say it again, you’ll never know until you ask! If you do decide to contact an inventor remember you are there to collect information, not give information. Learn more how to do it from¬†

So, if you find that your invention has been previously patented or you find something that looks interesting to you, and you have never seen it on the market, contact the inventor and find out what is going on. Be matter of fact about it. Tell the person you may be interested in purchasing their patent and find out what it would take for them to assign it to you. Make sure they know you are a private individual and not a big company. You may be surprised as to how many patents you can pick up. By the way, I highly recommend hiring an attorney to check into the status of the patent, cost 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 giving you any legal or professional advice.

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