Selling And Buying Patents Online
There are many great products out there, and even the ones that appear on the midnight infomercials can be huge successes. Those who hold the patent on the product will ultimately cash in on a lot of money, so if you are interested in finding an easy way to make money, you can buy patents or sell a patent online. There are many resources where you can check out online patent auctions and other buy and sell resources so you can start making money with your investment.
There are more than just dreams of money when you want to buy patents. You will also need to buy patents whenever you find a product that you like, but have some great ideas to improve it. Otherwise, you could be looking at legal action from the owner of the patent who feels you are violating laws that prevent you from trying to resell a nearly-same product on that patent.
When you buy and sell patents online, you will want to work with a registered patent attorney. Most online auction sites for patents will have attorneys available so that the switch happens entirely legally. And if you are looking for complete anonymity on either side of the sale, an attorney is a vital part of this transaction to keep the identity of the buying partner from the patent holder. This helps when large corporations are taking on individual patent holders. The attorney can negotiate the best deal for both parties without having the disadvantage of trying to negotiate the worth of the intellectual property with a large company that will be perceived to get a lot of money from owning the patent. At the moment, a database for selling patents is not available online, so to find out what patents are for sale and how you can acquire them, you will want to get the help of a patent law attorney.
And if you are an inventor who is sitting on a great patent, but wants to sell it, you will want to hire a patent broker who can find the right buyer for it. This is especially important if you are afraid that you will have an expired patent on your hands without seeing a profit. Large companies can quickly turn a patent into a gold mine, and if they recognize your product as something really valuable, they will be able to strike a deal with you and your broker to give you the amount of money you deserve for your intellectual property while acquiring what they need to make money from the invention. The only problem is that many patent holders are looking to sell their patents at less than $1000 wholesale. But if the idea is recognized as really valuable, your broker will be able to help you get a deal with the participating company for anywhere up to a million dollars if the patent is deemed worthy enough. So check out buying and selling patents online.
By: Jordan McPelt
About the Author:
There are more than just dreams of money when you want to buy patents. You will also need to buy patents whenever you find a product that you like, but have some great ideas to improve it. Otherwise, you could be looking at legal action from the owner of the patent who feels you are violating laws that prevent you from trying to resell a nearly-same product on that patent.
When you buy and sell patents online, you will want to work with a registered patent attorney. Most online auction sites for patents will have attorneys available so that the switch happens entirely legally. And if you are looking for complete anonymity on either side of the sale, an attorney is a vital part of this transaction to keep the identity of the buying partner from the patent holder. This helps when large corporations are taking on individual patent holders. The attorney can negotiate the best deal for both parties without having the disadvantage of trying to negotiate the worth of the intellectual property with a large company that will be perceived to get a lot of money from owning the patent. At the moment, a database for selling patents is not available online, so to find out what patents are for sale and how you can acquire them, you will want to get the help of a patent law attorney.
And if you are an inventor who is sitting on a great patent, but wants to sell it, you will want to hire a patent broker who can find the right buyer for it. This is especially important if you are afraid that you will have an expired patent on your hands without seeing a profit. Large companies can quickly turn a patent into a gold mine, and if they recognize your product as something really valuable, they will be able to strike a deal with you and your broker to give you the amount of money you deserve for your intellectual property while acquiring what they need to make money from the invention. The only problem is that many patent holders are looking to sell their patents at less than $1000 wholesale. But if the idea is recognized as really valuable, your broker will be able to help you get a deal with the participating company for anywhere up to a million dollars if the patent is deemed worthy enough. So check out buying and selling patents online.
By: Jordan McPelt
About the Author:
Jordan Mcpelt is a professional author who specializes in buying and selling patents. For more information on buying patents online please visit http://www.lynxstreet.com
Help With your First Invention – Provisional Patent Application
Introduction
In this article I will try to explain purpose of Provisional Patent Application, its benefits and drawbacks. Provisional Patent Application allows inventors to start patent process without incurring the high cost of patent lawyers. However, because Provisional Applications are simpler to complete then the Regular Patent Application, it doesn’t mean that inventors should take them lightly.
Documenting Your Invention
The reason why you should carefully document your idea is the following – your Provisional Patent Application may be the only source of proof that you are the original inventor and entitled to reaping the benefits of the patent. It is very possible that since the time you have submitted your Provisional Patent Application, someone else filled out paperwork for regular patent. The only thing that might substantiate your claim that you are the rightful owner of the invention is your Provisional Patent Application. One note of caution – Provisional Application is good for one year only and cannot be renewed. In fact, these applications were meant to be temporary solution until the inventor submits regular Patent Application Paperwork.
Facts about Provisional Patent Applications
Below is a Summary of things that inventor should know about Provisional Patent Applications:
1. A Provisional Patent application is never examined by the United States Patent and Trademark Office (USPTO), and therefore can never become a patent.
2. It may become part of non-provisional application file later on, once you submit your regular patent application
3. Automatically expires one year after the original filing date.
Submitting Provisional Patent Application costs $100 for an application having 100 or fewer pages of specification and drawings. Inventors should be prepared to describe their inventions in great detail; in fact, USPTO recommends that your invention should be clearly understood by the person of “ordinary skill in the art" of the invention. This means that your documentation should be detailed and simple enough to be understood by the person who is averagely skilled in your field of research. In addition, USPTO encourages inventors to specify the so-called “The best mode requirement” – meaning that inventor should disclose the best method used to achieve the desired results. For example, if invention deals with chemical solution that should be boiled to the temperature of 300 degrees, then this fact must be documented. It is improper to specify that the chemical solution should be boiled to the temperature above 200 degrees because this is not precise and will not lead to the best method of achieving desired results.
What Is Needed When Submitting Provisional Patent application
When submitting Provisional Patent application, inventor should produce:
1. Documentation that is detailed enough and clear enough to be understood by the person of “ordinary skill in the art" of the invention
2. Provisional Patent Application Cover sheet.
3. Technical drawings and graphs pertinent to the invention
4. List of inventors and co-inventors
Summary
In summary, Provisional Patent Application is a great and cost-effective way for an inventor to lock his invention for one year and buy some time in order to see
whether invention has commercial potential.
If you are interesting in reading more, please visit IdeaJets website that is dedicated in bringing quality information to the inventors all over the globe!
Robert P. Stewart
IdeaJets
IdeaJets Support
By: Robert Stewart
About the Author:
In this article I will try to explain purpose of Provisional Patent Application, its benefits and drawbacks. Provisional Patent Application allows inventors to start patent process without incurring the high cost of patent lawyers. However, because Provisional Applications are simpler to complete then the Regular Patent Application, it doesn’t mean that inventors should take them lightly.
Documenting Your Invention
The reason why you should carefully document your idea is the following – your Provisional Patent Application may be the only source of proof that you are the original inventor and entitled to reaping the benefits of the patent. It is very possible that since the time you have submitted your Provisional Patent Application, someone else filled out paperwork for regular patent. The only thing that might substantiate your claim that you are the rightful owner of the invention is your Provisional Patent Application. One note of caution – Provisional Application is good for one year only and cannot be renewed. In fact, these applications were meant to be temporary solution until the inventor submits regular Patent Application Paperwork.
Facts about Provisional Patent Applications
Below is a Summary of things that inventor should know about Provisional Patent Applications:
1. A Provisional Patent application is never examined by the United States Patent and Trademark Office (USPTO), and therefore can never become a patent.
2. It may become part of non-provisional application file later on, once you submit your regular patent application
3. Automatically expires one year after the original filing date.
Submitting Provisional Patent Application costs $100 for an application having 100 or fewer pages of specification and drawings. Inventors should be prepared to describe their inventions in great detail; in fact, USPTO recommends that your invention should be clearly understood by the person of “ordinary skill in the art" of the invention. This means that your documentation should be detailed and simple enough to be understood by the person who is averagely skilled in your field of research. In addition, USPTO encourages inventors to specify the so-called “The best mode requirement” – meaning that inventor should disclose the best method used to achieve the desired results. For example, if invention deals with chemical solution that should be boiled to the temperature of 300 degrees, then this fact must be documented. It is improper to specify that the chemical solution should be boiled to the temperature above 200 degrees because this is not precise and will not lead to the best method of achieving desired results.
What Is Needed When Submitting Provisional Patent application
When submitting Provisional Patent application, inventor should produce:
1. Documentation that is detailed enough and clear enough to be understood by the person of “ordinary skill in the art" of the invention
2. Provisional Patent Application Cover sheet.
3. Technical drawings and graphs pertinent to the invention
4. List of inventors and co-inventors
Summary
In summary, Provisional Patent Application is a great and cost-effective way for an inventor to lock his invention for one year and buy some time in order to see
whether invention has commercial potential.
If you are interesting in reading more, please visit IdeaJets website that is dedicated in bringing quality information to the inventors all over the globe!
Robert P. Stewart
IdeaJets
IdeaJets Support
By: Robert Stewart
About the Author:
Commentary on Verizon Vonage Patent Dispute
Introduction – The Heart of the Problem
The most recent blow to Vonage Holdings happened on May 3, 2007 when Federal Appeals Court has denied its request for retrial in the patent infringement case against Verizon Communications. In most likely scenario this was another nail driven into the coffin of the company that will soon go belly up. Vonage made a statement earlier stating that while the court decides their fate, the company is working on finding alternative technology that doesn’t infringe on Verizon patents. "We’re continuing to evaluate and develop workarounds for the technologies the jury found we’re infringing upon" says Brooke Schulz, Vonage’s vice president of communications.
Many journalists who closely follow patent dispute between Verizon Communications and Vonage Holdings claim that Vonage infringed on “key Verizon patents that deal with Internet calling, including technology used to connect Web calls to ordinary phone lines”. In this brief article I will try to take a closer look at three patents that are at the heart of this dispute, comment on them and let readers decide how “key” they really are.
Commenting on first two Patents
One thing for sure – it will be extremely difficult for Vonage Holdings to find any alternative technologies that doesn’t infringe on Verizon patents simply because they cover almost all aspects of VoIP communications. The jury found Vonage guilty in violating three of Verizon patents. Two of these patents (6,104,711 and 6,282,574) are very similar and deal with the concept of translating phone numbers into IP addresses and improving DNS Services. The thing is – these patents never ever mention an algorithm or a pseudo-code on how to solve the problem at hand. Verizon structured these patents in such a way that they are extremely broad in scope and highly generic.
Commenting on the third Patent
The last patent (numbered 6,359,880) is titled “Public wireless/cordless internet gateway" and it describes various business processes that involve in sending and receiving all types of VoIP signals over wireless networks. Once again – this patent does not contain any algorithms, data structures, pseudo-code or electrical diagrams; just generalized concepts and ideas.
Conclusion
As one can see, Verizon fight against Vonage was less about inappropriate use of strategic scientific information (or key ideas), but was designed to be a way to strangle the competition. Vonage was able to offer their phone services quicker and more cheaply then its bigger rival and this sealed its fate. I would **** to be in the shoes of Vonage founders who realize that they may lose the company they have built from the ground up on the grounds of legal technicalities. Many agree that Verizon patents are too broad and generic; however, U.S. District Court have interpreted them differently and it spells the end for Vonage.
The lesson that one should learn from the above mentioned litigation is that one should start thinking about getting a Patent very early. Otherwise you may realize later on that the invention you’ve struggled with for so long has been already patented very recently and you no longer have any rights on it. I’ve already discussed Provisional Patent Application here – this may be a good starting point for many inventors.
If you are interesting in reading more, please visit IdeaJets websitethat is dedicated in bringing quality information to the inventors all over the globe!
Robert P. Stewart
IdeaJets
IdeaJets Support
By: Robert Stewart
About the Author:
The most recent blow to Vonage Holdings happened on May 3, 2007 when Federal Appeals Court has denied its request for retrial in the patent infringement case against Verizon Communications. In most likely scenario this was another nail driven into the coffin of the company that will soon go belly up. Vonage made a statement earlier stating that while the court decides their fate, the company is working on finding alternative technology that doesn’t infringe on Verizon patents. "We’re continuing to evaluate and develop workarounds for the technologies the jury found we’re infringing upon" says Brooke Schulz, Vonage’s vice president of communications.
Many journalists who closely follow patent dispute between Verizon Communications and Vonage Holdings claim that Vonage infringed on “key Verizon patents that deal with Internet calling, including technology used to connect Web calls to ordinary phone lines”. In this brief article I will try to take a closer look at three patents that are at the heart of this dispute, comment on them and let readers decide how “key” they really are.
Commenting on first two Patents
One thing for sure – it will be extremely difficult for Vonage Holdings to find any alternative technologies that doesn’t infringe on Verizon patents simply because they cover almost all aspects of VoIP communications. The jury found Vonage guilty in violating three of Verizon patents. Two of these patents (6,104,711 and 6,282,574) are very similar and deal with the concept of translating phone numbers into IP addresses and improving DNS Services. The thing is – these patents never ever mention an algorithm or a pseudo-code on how to solve the problem at hand. Verizon structured these patents in such a way that they are extremely broad in scope and highly generic.
Commenting on the third Patent
The last patent (numbered 6,359,880) is titled “Public wireless/cordless internet gateway" and it describes various business processes that involve in sending and receiving all types of VoIP signals over wireless networks. Once again – this patent does not contain any algorithms, data structures, pseudo-code or electrical diagrams; just generalized concepts and ideas.
Conclusion
As one can see, Verizon fight against Vonage was less about inappropriate use of strategic scientific information (or key ideas), but was designed to be a way to strangle the competition. Vonage was able to offer their phone services quicker and more cheaply then its bigger rival and this sealed its fate. I would **** to be in the shoes of Vonage founders who realize that they may lose the company they have built from the ground up on the grounds of legal technicalities. Many agree that Verizon patents are too broad and generic; however, U.S. District Court have interpreted them differently and it spells the end for Vonage.
The lesson that one should learn from the above mentioned litigation is that one should start thinking about getting a Patent very early. Otherwise you may realize later on that the invention you’ve struggled with for so long has been already patented very recently and you no longer have any rights on it. I’ve already discussed Provisional Patent Application here – this may be a good starting point for many inventors.
If you are interesting in reading more, please visit IdeaJets websitethat is dedicated in bringing quality information to the inventors all over the globe!
Robert P. Stewart
IdeaJets
IdeaJets Support
By: Robert Stewart
About the Author: