By: Michael J Foycik Jr.
June 18, 2019
The author is a patent attorney with over 28 years experience in patents and trademarks. For further information, please email at IP1lwyr@gmail.com, or call at 877-654-3336.
Ways To Make Money From Your Patent
Here are some ways inventors can make money from their patents. These come directly from actual successes of actual inventors, as told by the inventors themselves in published interviews.
It is important to realize that every invention is different, with different markets. And, different inventions tend to attract different types of investors. Focus on what makes your invention different, and the rest will be easier.
The Licensing Approach - Accumulating Licensees
There are several approaches to gaining licensees. The following is one of the most successful approaches, where there are a number of different infringers. Where there is only one infringer, it may be necessary to threaten litigation, but that only works if the infringer believes you have the resources to do it.
First: identify which companies, products or services may be infringing your patent. Make a list, and try to estimate the sales of each one.
Then, line up the infringers by the estimated amount of infringing sales. Send demand letters to the smallest infringers, asking relatively small royalties. It would not be unreasonable to offer petty infringers royalty rates of 2%, or in some cases even a 0% royalty; all conditioned upon sales being below a certain limit.
As you accumulate more and more licensees, you will approach larger and larger infringers. The more licensees you have, the easier it is to sign on bigger companies as licensees. And, you can ask form somewhat larger royalty amounts. Having ten licensees, for example, is a persuasive factor to a company you approach for royalties, when that company is deciding whether or not to risk being sued for infringement. By this time, the royalty demands should be in the 6% to 9% range.
Read more >> http://internationalpatentservice.com/Ways-To-Make-Money-From-Your-Patent.html
Monday, June 17, 2019
Sunday, June 16, 2019
Why Every Startup You Support NEEDS to Protect Their Tech
By: Neil Patel
When you invest in a startup, you’re probably investing in a company that hasn’t yet become profitable.
I don’t mean they have no revenue – in fact, I almost never invest in a startup that doesn’t.
But a startup in its early stages has one primary focus: growth. Growth costs money, whether for product manufacturing, software development, making key hires, expanding office space, or any number of other things a business may need to make more money.
A startup in the red may seem like a bad investment. But, actually, a company can be worth money in many different ways.
Some angel investors think revenue is the only important metric. Others focus on the technology. In my opinion, the best angel investors consider a long list of factors before they invest.
At the upcoming Angels + Entrepreneurs Summit, Robert Herjavec and I will reveal some of the key factors we typically pay attention to when we’re hunting for unicorns.
But there’s one thing I always look for that’s too often overlooked: intellectual property.
Read more >> https://startupinvestor.io/why-every-startup-you-support-needs-to-protect-their-tech/
When you invest in a startup, you’re probably investing in a company that hasn’t yet become profitable.
I don’t mean they have no revenue – in fact, I almost never invest in a startup that doesn’t.
But a startup in its early stages has one primary focus: growth. Growth costs money, whether for product manufacturing, software development, making key hires, expanding office space, or any number of other things a business may need to make more money.
A startup in the red may seem like a bad investment. But, actually, a company can be worth money in many different ways.
Some angel investors think revenue is the only important metric. Others focus on the technology. In my opinion, the best angel investors consider a long list of factors before they invest.
At the upcoming Angels + Entrepreneurs Summit, Robert Herjavec and I will reveal some of the key factors we typically pay attention to when we’re hunting for unicorns.
But there’s one thing I always look for that’s too often overlooked: intellectual property.
Read more >> https://startupinvestor.io/why-every-startup-you-support-needs-to-protect-their-tech/
Saturday, June 15, 2019
How to Get a Patent
By: Michael J Foycik Jr.
June 16, 2019
The author is a patent attorney with over 28 years experience in patents and trademarks. For further information, please email at IP1lwyr@gmail.com, or call at 877-654-3336.
How to Get a Patent
How to get a Patent? That’s a good question! The short and long answers are below.
The short answer is : In the US, file a US Utility Patent Application, or a US Design Patent Application. Note that a US Provisional Patent Application does not become a US Patent, but does give “patent pending” status.
And, do you need a US Patent Attorney? Yes and No. In theory, a patent application can be filed by the inventor. Due to the great number of legal technicalities and chances of losing rights by use of poor legal language or by failing to add the right legal language, most authorities believe it is by far the best course of action to have a US Patent Attorney prepare the patent application. Some very experienced inventors might prepare their own patent applications, although that is not common.
The longer answer is:
These are the basic steps for how to get a patent. For a Utility Patent, the goal is to get broad claims allowed by the US Patent Office, and which become part of an Issued Patent. The claims define the scope of what is legally protected by the issued patent.
The inventor should write a description of the invention, and make sketches or drawings which can show the invention. The description and drawings do not have to be very detailed, as long as they clearly explain what the inventor believes is new.
If working with a US Patent Attorney or US Patent Lawyer, something which is highly recommended, this information may be enough to start. The US Patent Attorney will then draft a more detailed version of the invention in the format required by the US Patent Office, referred to below as the USPTO (which is short for US Patent and Trademark Office).
Read more >> http://internationalpatentservice.com/how-to-get-a-patent.html
June 16, 2019
The author is a patent attorney with over 28 years experience in patents and trademarks. For further information, please email at IP1lwyr@gmail.com, or call at 877-654-3336.
How to Get a Patent
How to get a Patent? That’s a good question! The short and long answers are below.
The short answer is : In the US, file a US Utility Patent Application, or a US Design Patent Application. Note that a US Provisional Patent Application does not become a US Patent, but does give “patent pending” status.
And, do you need a US Patent Attorney? Yes and No. In theory, a patent application can be filed by the inventor. Due to the great number of legal technicalities and chances of losing rights by use of poor legal language or by failing to add the right legal language, most authorities believe it is by far the best course of action to have a US Patent Attorney prepare the patent application. Some very experienced inventors might prepare their own patent applications, although that is not common.
The longer answer is:
These are the basic steps for how to get a patent. For a Utility Patent, the goal is to get broad claims allowed by the US Patent Office, and which become part of an Issued Patent. The claims define the scope of what is legally protected by the issued patent.
The inventor should write a description of the invention, and make sketches or drawings which can show the invention. The description and drawings do not have to be very detailed, as long as they clearly explain what the inventor believes is new.
If working with a US Patent Attorney or US Patent Lawyer, something which is highly recommended, this information may be enough to start. The US Patent Attorney will then draft a more detailed version of the invention in the format required by the US Patent Office, referred to below as the USPTO (which is short for US Patent and Trademark Office).
Read more >> http://internationalpatentservice.com/how-to-get-a-patent.html
Thursday, June 13, 2019
Intellectual House Defense: When to Pick Involving a Copyright, Patent and Trademark
By: Hank
Copyrights, patents and emblems are all beneath the purview of mental residence regulation. They are identical in that they give protection towards resourceful is effective. Nevertheless, copyrights, patents and trademark are 3 different and distinct mental home recognitions. Just about every just one of them serves a different reason. Under are characteristics of each and every variety of security and their very best use.
Copyrights
A copyright protects authors of posted and unpublished literary performs, musical compositions, films, films and selected other intellectual works. This safety falls beneath the 1976 Copyright Act that provides the operator of specified authorship will work the exclusivity to reproduce, distribute copies, make derivative is effective or screen the work in front of the community. Having said that, copyright only protects the tangible form of expression but not the issue make any difference of the do the job by itself. In information, this protection addresses is effective these as:
> 2 or 3 dimensional operates of artwork
> Any kind of visuals which include but not confined to paintings, drawings, graphic models, shots, and so forth.
> Tracks, new music, lyrics, sound recordings, and any musical composition
> Motion pictures, plays, displays, and other creative performances
Patent
A patent is an intellectual property safety for an invention or procedure or the enhanced style and design of an present solution. Beneath a patent, an inventor has the appropriate to exclude other get-togethers from building, applying, featuring for sale or advertising his/her creation. A new pattern is valid for the term of 20 a long time from the day of the filed patent software. To extend the patent, an inventor is subject matter to payment of servicing costs.
Read more >> https://www.mediabout.com/mental-health/27392/
Copyrights, patents and emblems are all beneath the purview of mental residence regulation. They are identical in that they give protection towards resourceful is effective. Nevertheless, copyrights, patents and trademark are 3 different and distinct mental home recognitions. Just about every just one of them serves a different reason. Under are characteristics of each and every variety of security and their very best use.
Copyrights
A copyright protects authors of posted and unpublished literary performs, musical compositions, films, films and selected other intellectual works. This safety falls beneath the 1976 Copyright Act that provides the operator of specified authorship will work the exclusivity to reproduce, distribute copies, make derivative is effective or screen the work in front of the community. Having said that, copyright only protects the tangible form of expression but not the issue make any difference of the do the job by itself. In information, this protection addresses is effective these as:
> 2 or 3 dimensional operates of artwork
> Any kind of visuals which include but not confined to paintings, drawings, graphic models, shots, and so forth.
> Tracks, new music, lyrics, sound recordings, and any musical composition
> Motion pictures, plays, displays, and other creative performances
Patent
A patent is an intellectual property safety for an invention or procedure or the enhanced style and design of an present solution. Beneath a patent, an inventor has the appropriate to exclude other get-togethers from building, applying, featuring for sale or advertising his/her creation. A new pattern is valid for the term of 20 a long time from the day of the filed patent software. To extend the patent, an inventor is subject matter to payment of servicing costs.
Read more >> https://www.mediabout.com/mental-health/27392/
Wednesday, June 12, 2019
How Much Does A Patent Cost?
By: Michael J Foycik Jr.
June 13, 2019
The author is a patent attorney with over 28 years experience in patents and trademarks. For further information, please email at IP1lwyr@gmail.com, or call at 877-654-3336.
How much does a patent cost?
We try to keep your costs as low as possible, and as affordable as possible. We provide flat fee estimates in advance, at no charge to you.
In the simplest cases, where the invention is easy to describe or show in a few figures of drawing, patent application can be prepared for as little as $1800, with a government filing fee of $540 for a small entity (this cost is slightly less for electronic filing).
The formal drawings, if needed, can usually be obtained for less than $150 per sheet. One sheet might have several figures on it, depending on the complexity of the invention, thus saving money.
If the patent application is granted, the government charges an issue fee of $755 and publication fee of $300. A service charge of $80 is added for attending to preparing and filing the Issue Fee Transmittal.
The U.S. Patent Office examines the patent application and finds any relevant prior art. If the prior art is sufficiently close, they will make a rejection. A response can be filed, usually at a cover of $350 to $450. Every case is different; some are allowed without needing such an amendment or response. In some cases, a further response is necessary or desirable, and the cost is normally somewhat less than $350.
This type of rejection is fairly normal. To attempt to overcome such a rejection, the response can be filed which changes the claims to avoid the prior art, and/or presents arguments to distinguish the invention in the patent application from the prior art.
Sometimes such a rejection can be overcome by a telephone call to the patent examiner; in those cases the cost is at the hourly rate of $100. Such calls are usually short and to the point, especially if the call is to authorize an examiner's amendment which will result in allowance of the application.
Read more >> http://internationalpatentservice.com/how-much-does-a-patent-cost.html
June 13, 2019
The author is a patent attorney with over 28 years experience in patents and trademarks. For further information, please email at IP1lwyr@gmail.com, or call at 877-654-3336.
How much does a patent cost?
We try to keep your costs as low as possible, and as affordable as possible. We provide flat fee estimates in advance, at no charge to you.
In the simplest cases, where the invention is easy to describe or show in a few figures of drawing, patent application can be prepared for as little as $1800, with a government filing fee of $540 for a small entity (this cost is slightly less for electronic filing).
The formal drawings, if needed, can usually be obtained for less than $150 per sheet. One sheet might have several figures on it, depending on the complexity of the invention, thus saving money.
If the patent application is granted, the government charges an issue fee of $755 and publication fee of $300. A service charge of $80 is added for attending to preparing and filing the Issue Fee Transmittal.
The U.S. Patent Office examines the patent application and finds any relevant prior art. If the prior art is sufficiently close, they will make a rejection. A response can be filed, usually at a cover of $350 to $450. Every case is different; some are allowed without needing such an amendment or response. In some cases, a further response is necessary or desirable, and the cost is normally somewhat less than $350.
This type of rejection is fairly normal. To attempt to overcome such a rejection, the response can be filed which changes the claims to avoid the prior art, and/or presents arguments to distinguish the invention in the patent application from the prior art.
Sometimes such a rejection can be overcome by a telephone call to the patent examiner; in those cases the cost is at the hourly rate of $100. Such calls are usually short and to the point, especially if the call is to authorize an examiner's amendment which will result in allowance of the application.
Read more >> http://internationalpatentservice.com/how-much-does-a-patent-cost.html
Tuesday, June 11, 2019
A practical guide to opening a startup in Italy
By: Angela
So, you have a great idea and you have decided that Italy is the best place to turn it into a startup. You picked the perfect place to move to and you have already solved the “small town vs big city” dilemma. Well done! What should you do now? This is a practical guide to opening a startup in Italy. We will get you through the first steps to converting your stroke of genius into a viable enterprise. At every stage, it is essential to keep in mind that a successful startup needs to be innovative and dynamic, but also have a solid framework and at least some initial capital. Here’s what you need to know.
What is considered “innovative”?
We call an enterprise innovative when it adds something new to the market. This doesn’t necessarily mean that the product itself or the whole idea is entirely unheard of (such breakthroughs are in fact extremely rare). The element of “innovation” is not necessarily to be found in the product: it could be in the process, the technique or the way in which the project is made sustainable. Innovation brings added value to one or more stages of the productive cycle. While innovation is a goal most enterprises should strive towards, it proves essential in a startup environment. So far, we have the conceptual definition of innovation. In order to qualify as a startup in Italy, however, a company must meet precise requirements in this respect. For instance, 15% or more of the total productions costs must be invested in research & development.
Read more >> https://www.italianbusinesstips.com/practical-guide-opening-startup-italy/
So, you have a great idea and you have decided that Italy is the best place to turn it into a startup. You picked the perfect place to move to and you have already solved the “small town vs big city” dilemma. Well done! What should you do now? This is a practical guide to opening a startup in Italy. We will get you through the first steps to converting your stroke of genius into a viable enterprise. At every stage, it is essential to keep in mind that a successful startup needs to be innovative and dynamic, but also have a solid framework and at least some initial capital. Here’s what you need to know.
What is considered “innovative”?
We call an enterprise innovative when it adds something new to the market. This doesn’t necessarily mean that the product itself or the whole idea is entirely unheard of (such breakthroughs are in fact extremely rare). The element of “innovation” is not necessarily to be found in the product: it could be in the process, the technique or the way in which the project is made sustainable. Innovation brings added value to one or more stages of the productive cycle. While innovation is a goal most enterprises should strive towards, it proves essential in a startup environment. So far, we have the conceptual definition of innovation. In order to qualify as a startup in Italy, however, a company must meet precise requirements in this respect. For instance, 15% or more of the total productions costs must be invested in research & development.
Read more >> https://www.italianbusinesstips.com/practical-guide-opening-startup-italy/
Monday, June 10, 2019
US & USPTO Patent - General Information
By: Michael J Foycik Jr.
June 11, 2019
The author is a patent attorney with over 28 years experience in patents and trademarks. For further information, please email at IP1lwyr@gmail.com, or call at 877-654-3336.
US & USPTO PATENT GENERAL INFORMATION
Introduction
The US law provides for patent and trademark protection. The administrative agencies responsible for this are the US Patent Office and the US Trademark Office, which are combined and called the US Patent and Trademark Office, abbreviated as USPTO. In the following, the abbreviation USPTO will be used throughout.
Preparing a patent application
A US Patent Lawyer, also called a US Patent Attorney, normally prepares a US Patent Application for filing with the USPTO. The US Patent Lawyer works with the inventor to draft a specification having a description of the invention, including drawings when possible. The draft is then studied by the inventor, and changes are made if necessary. When the draft is accepted by the inventor, the inventor signs a form called a Declaration, claiming inventorship of the application. Once it is filed, it receives a Serial Number and an Official Filing Receipt, and thus becomes an official US Patent Application.
At some point in this process, it is advisable but not necessary to perform a US patent search. The US patent search can find prior art patents that show the extent of the closest prior art, and whether the invention has been patented at an earlier time. If an expired patent is discovered which is very close to the invention, then that expired patent can confer a “right to use” that invention. If a pending US Patent covers the invention, and has claims which are sufficiently broad to cover the invention, then it is possible that infringement would occur. It is important to know if a new product might infringe an existing unexpired US Patent. If no patent exists which covers the invention, then it is possible that the invention can be patented. As noted above, it is not necessary to conduct a patent search prior to filing a new patent application.
The Role of the USPTO in Examining the Patent Application
The US Patent Application is examined in due course by a patent examiner. The US patent examiner will be an expert in the particular art in which the invention resides. The US patent examiner will search the prior art patent literature, and will make a search report and send it to the inventor along with a first Office Action on the merits.
Read more >> http://internationalpatentservice.com/US-USPTO-Patent.html
June 11, 2019
The author is a patent attorney with over 28 years experience in patents and trademarks. For further information, please email at IP1lwyr@gmail.com, or call at 877-654-3336.
US & USPTO PATENT GENERAL INFORMATION
Introduction
The US law provides for patent and trademark protection. The administrative agencies responsible for this are the US Patent Office and the US Trademark Office, which are combined and called the US Patent and Trademark Office, abbreviated as USPTO. In the following, the abbreviation USPTO will be used throughout.
Preparing a patent application
A US Patent Lawyer, also called a US Patent Attorney, normally prepares a US Patent Application for filing with the USPTO. The US Patent Lawyer works with the inventor to draft a specification having a description of the invention, including drawings when possible. The draft is then studied by the inventor, and changes are made if necessary. When the draft is accepted by the inventor, the inventor signs a form called a Declaration, claiming inventorship of the application. Once it is filed, it receives a Serial Number and an Official Filing Receipt, and thus becomes an official US Patent Application.
At some point in this process, it is advisable but not necessary to perform a US patent search. The US patent search can find prior art patents that show the extent of the closest prior art, and whether the invention has been patented at an earlier time. If an expired patent is discovered which is very close to the invention, then that expired patent can confer a “right to use” that invention. If a pending US Patent covers the invention, and has claims which are sufficiently broad to cover the invention, then it is possible that infringement would occur. It is important to know if a new product might infringe an existing unexpired US Patent. If no patent exists which covers the invention, then it is possible that the invention can be patented. As noted above, it is not necessary to conduct a patent search prior to filing a new patent application.
The Role of the USPTO in Examining the Patent Application
The US Patent Application is examined in due course by a patent examiner. The US patent examiner will be an expert in the particular art in which the invention resides. The US patent examiner will search the prior art patent literature, and will make a search report and send it to the inventor along with a first Office Action on the merits.
Read more >> http://internationalpatentservice.com/US-USPTO-Patent.html
Subscribe to:
Posts (Atom)
