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4 Things to Know About Patents

Did you happen to have a “light bulb” moment where an idea to create something new just popped up in your mind? Before you begin on your quest to make your idea come to fruition, it is in your best interest to know more about patents particularly if this is your first time inventing a product.

Patent Pending

Enforcement of a patent can only be done once a patent is issued for a particular individual or organization.

When you see a “Patent Pending” mark on a particular product, it only serves as a warning to potential interested individuals that a patent may be issued to the applicant in the future. It does not guarantee you that the idea will not be “stolen” by another person or company.

Filing for a provisional patent for your product gives you the right to mark it with “Patent Pending”. If your patent application is still in the works and a year has already passed, you can proceed with filing for a non-provisional patent.

Patent Claims

Patent claims can either be specific or broad depending on how you want your invention’s patent to be enforced. These claims include important and specific details that you are claiming to be uniquely available with your invention.

Keep in mind that specific claims are easier to obtain compared to broad claims. On the other hand, specific claims can be more open to challenges by other inventors compared to broad claims.

Patent Challenge

As I’ve mentioned, getting a “Patent Pending” applied to your invention does not always guarantee that another person won’t steal your idea. This also holds true even after you have already been awarded a patent for your invention.

There have been instances where a patent has already been issued but another individual or company challenged the patent holder by bringing him or her to court. This is where you will learn just how good your patent is…when you win the litigation.

Existing Patent

In some cases, another patent can be filed over an already existing patent. This happens if another person or company makes use of the basic invention and they add in one or two features that may or may not be useful to the end user.

Alternatively, your invention just might be an improvement for an already existing product. You can still file for a patent to prevent others from using your improvement on the product, however, you do not have any rights to the already existing patent.

Despite all of this, you should never be discouraged when it comes to inventing something new. Go ahead, create your idea and file a patent as soon as possible.

The 3 Most Common Invention Working Prototype Technologies

Once you get an idea or invention written down and before you get it patented, you need to make sure that it works not only in theory but in real life as well. This is why creating a prototype is an essential step for every inventor to take.

Every invention has to have either a real or virtual prototype to give the user a better idea on how the invention works. It also gives the inventor a chance to fine tune anything that needs to be improvised to make the invention more feasible for use and for mass production.

Here are the 3 most common working prototype technologies that inventors take advantage of.

Casting

Casting can be done using either plastic, metal, silicone, wax, or plaster materials. The exact model of the parts that need to be produced are often casted to create a mold. This provides you with a “template” that you can use over and over again as you fine tune the final details of your invention.

Fabricating

The most common forms of fabrication are plastic and metal fabrications. The metal is cut, bent, and/or folded according to your specifications for metal fabrication by any metal fabricating shop.

For plastic fabrications, several sheets of plastic are cut, bent, and formed by any plastic fabricating shop.  Depending on your invention, you can choose from either or both of these fabricating technologies to meet your needs.

Computer-Aided

Probably the most complex yet easiest among these 3 types of prototype technology, would be the computer-aided prototype technology. It is available in several forms:

Laser Cutting

Modelling – Solid and Photorealistic

3D Printing

Stereolithography

Selective Laser Sintering

Direct Shell Production Casting

Laminated Object Manufacturing

Do you need assistance in deciding which prototype technology you should use for your final prototype?

You can go online and search among hundreds of websites that can provide you with all the relevant information or you can contact us at EE Patents, so we can assist you.

 

5 Tips for Selling Patent Ideas

After years of hard work in creating or inventing, you suddenly find yourself a bit strapped for cash that has become the barrier in carrying out the final implementation of your invention. If you decided that the best recourse is to sell your patent idea, here are some tips on what to do.

Prototypes

Creating a prototype should be the first, or at least in the top 3, of your to-do list. Keep in mind that the best sales pitch is one that is always accompanied by a product.

This allows the potential buyer to see, hold, and even try out the product for themselves to give them an idea of just how marketable it is.

Add the fact that it would be the best way to show that your idea actually works or that it is better than what is already available in the market.

Due Diligence

Take the time to conduct some research on the best patent and licensing sites that can help you sell your invention.

They can also act as your business consultant, so you get a clearer picture on the value of your invention in monetary terms to avoid getting short-changed by potential buyers.

Trade Fairs or Direct Contact

Trade fairs are actually a good way to scope out the current market offerings, latest inventions, and possible buyers for your invention.

If you created  your product with a particular industry in mind, directly contacting representatives of the companies in that particular industry might just be your best bet in selling your patent idea.

Documentation and Licensing

Hire the services of an attorney who specializes in IP law, so you won’t overlook the minor but very important details that should be added in your negotiations and final contract.

Payments

Payments in full are the best and highly recommend choice. It saves you time from doing several follow-ups and provides you with time to focus on more important matters like creating your next invention.

Once you have everything written down to both your and your potential buyer’s satisfaction, make sure that you both have attorneys present on the closing date.

Need assistance? Contact us at EE Patents.