Maybe you have a concept for a new product simmering in the back of your brain. You have done a few Google searches, but have not found anything similar. This will make you confident that you have came across the inventions ideas. Every day inventors tell me they “haven’t found anything like it.” And even though that’s a good beginning, chances are that they have not been looking within the right places.
Before investing additional money and resources, it’s the correct time to learn definitively in the event the invention is exclusive, determine if you have a market for it, and explore how to make it better.
Inventors should do a search online with a goal of finding two or three competitive products. If they’re scared to perform the search, that’s a very important thing, because in my experience, it always means they’re on the right track.
And yes, the objective must be to find other products in the market which can be already attempting to solve exactly the same problem as their invention. That implies that a remedy is in fact needed. And if there is a necessity by a large enough group of people, then they stand a far better chance of turning the invention into a profitable venture.
So inventors should go to a patent agent or patent attorney with samples of two or three 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, and/or prototypes. Anyone who wishes to secure exclusive rights to market, produce, and use an invention which he designed for a certain number of years must first secure a patent. A patent is definitely a specific type of document which contains the complete specifics of the conditions and terms set by the government in order that the inventor may take full possession from the invention. The contents of the document offer the holder in the patent the authority to be compensated should other individuals or organizations infringe on the patent in any respect. In this instance, the patent holder has the right to pursue court action from the offender. The terms of possession can also be known collectively because the inventor’s “intellectual property rights.”
At this time, the agent or attorney can do a much more thorough search in the U.S. Patent Office and other applicable databases in america and/or internationally. They may be determining if the invention is indeed unique, or if there are also more, similar patented products.
Some inventors take into consideration doing the search from the Patent Office on their own, but there are many downsides to this course of action. Their emotional attachment for the invention will cloud their judgment, and they can steer far from finding other inventhelp products that are similar. Although odds are they may have already identified several other competitors, searching the U.S. Patent Office is actually a more intense process. From my knowledge of clients who may have done their own search, they may have ignored similar products szwhnp have already been patented since they can’t face the veracity that their idea isn’t as unique because they once thought it was.
However, finding additional similar products does not always mean that every is lost. The strategy changes to comparing the proposed invention with all the patented one, and discussing ways to improve it and make it patentable. An excellent patent agent or attorney will provide objective insight around this phase. The process is to take the invention, ignore the parts that have been included in another patent or patents, and the remainder is really a patentable invention. I focus on dealing with inventors to file patent applications for first time products or technology (including software), innovations in the insurance industry, and business processes.