Maybe you have an idea for a new product simmering in the back of your mind. You’ve done a couple of Google searches, but haven’t found anything similar. This makes you confident that you have came across the NEXT BIG THING. Every day Inventhelp Invention Marketing tell me they “haven’t found anything like it. And while that’s an excellent start, most likely they haven’t been looking in the right places.
Before investing additional money and resources, it’s the best time to find out definitively if the invention is exclusive, determine when there is a marketplace for it, and explore how to make it better.
Inventors should perform a search online having a goal of finding two or three competitive products. If they’re scared to accomplish the search, that’s a good thing, because inside my experience, it usually means they’re on the right track.
And yes, the objective must be to find other products in the market that are already wanting to solve the same problem his or her invention. That implies that an answer is really needed. And if there is a need by a big enough population group, chances are they stand a far better probability of turning the invention in to a profitable venture.
So inventors should go to a patent agent or patent attorney with samples of 2 or 3 other similar products, and after signing a retainer agreement (which establishes the agent/client relationship) the discussion turns towards the details of the merchandise including drawings, mockups, or prototypes. Anyone who wants to secure exclusive rights to sell, produce, and make use of an invention that he made for a certain years must first secure a patent. A patent is an extremely specific kind of document which contains the whole details of the conditions and terms set by the government so that the inventor may take full possession of the invention. The contents of the document also provide the holder in the patent the authority to be compensated should other individuals or organizations infringe on the Inventhelp George Foreman Commercial by any means. In this instance, the patent holder has the legal right to pursue legal action from the offender. The terms of possession are also known collectively since the inventor’s “intellectual property rights.”
At this stage, the agent or attorney will do a more thorough search from the U.S. Patent Office as well as other applicable databases in america and internationally. They may be determining if this invention is indeed unique, or if you can even find more, similar patented products.
Some inventors consider doing the search from the Patent Office independently, but there are many downsides to this course of action. Their emotional attachment towards the invention will cloud their judgment, and they will steer away mnfldj finding other products which are similar. Although chances are they have already identified a couple of other competitors, searching the U.S. Patent Office is actually a more intense process. From my knowledge of clients who may have done their very own search, they have ignored similar products which have already been patented because they can’t face the reality that their idea isn’t as unique because they once think it is.
However, finding additional similar products does not always mean that all is lost. The strategy changes to comparing the proposed invention with the patented one, and discussing approaches to improve it and make it patentable. A Inventhelp Intromark will provide objective insight at this particular phase. The procedure is to accept invention, ignore the parts that have already been included in another patent or patents, and the remainder is actually a patentable invention. I specialize in utilizing inventors to file patent applications for new products or technology (including software), innovations in the insurance industry, and business processes.