Perhaps you have an understanding for a new product simmering in the back of your mind. You’ve done a few Google searches, but haven’t found anything similar. This will make you confident that you have came across the inventions. Every day inventors let me know they “haven’t found anything like it.” And while that’s an excellent start, chances are that they haven’t been looking within the right places.
Before investing additional money and resources, it’s the right time to find out definitively in the event the invention is exclusive, determine if there is a industry for it, and explore how you can make it better.
Inventors should do a search online having a goal of finding 2 or 3 competitive products. If they’re scared to accomplish the search, that’s a very important thing, because in my experience, it always means they’re on the right track.
You will find, the objective should be to find other products on the market that are already attempting to solve exactly the same problem as his or her invention. That implies that a solution is in fact needed. And if you have a necessity by a big enough group, then they stand a much better probability of turning the invention in to a profitable venture.
So inventors should visit a patent agent or patent attorney with examples of several other similar products, and after signing a retainer agreement (which establishes the agent/client relationship) the new invention idea to the specifics of the item including drawings, mockups, or prototypes. Anyone who would like to secure exclusive rights to sell, produce, and make use of an invention he designed for a certain years must first secure a patent. A patent is a very specific kind of document which has the entire information on the stipulations set through the government so the inventor can take full possession from the invention. The valuables in the document offer the holder of the patent the legal right to be compensated should others or organizations infringe on the patent in any respect. In this instance, the patent holder has the legal right to pursue court action up against the offender. The terms of possession are also known collectively since the inventor’s “intellectual property rights.”
At this time, the agent or attorney is going to do a much more thorough search of the U.S. Patent Office as well as other applicable databases in america or internationally. These are determining if this type of invention is actually unique, or maybe you can even find more, similar patented products.
Some inventors consider doing the search in the Patent Office by themselves, but there are several disadvantages in this plan. Their emotional attachment for the invention will cloud their judgment, and they can steer away from finding other inventhelp success which are similar. Although chances are they have already identified a few other competitors, searching the U.S. Patent Office is a more intense process. From my knowledge of clients that have done their own search, they have ignored similar products szwhnp have already been patented since they can’t face the reality that their idea isn’t as unique since they once thought it was.
However, finding additional similar products does not necessarily mean that all is lost. The strategy changes to comparing the proposed invention using the patented one, and discussing methods to improve it to make it patentable. A great patent agent or attorney will provide objective insight at this particular phase. The process is to accept the invention, overlook the parts that happen to be included in another patent or patents, as well as the remainder is actually a patentable invention. I concentrate on working with inventors to submit patent applications for first time products or technology (including software), innovations in the insurance industry, and business processes.