Also consider Market Research and past products that did not have patents, the focus is very important here
Personally I assign Patent rights to Taiwan Manufactures, who have their own Patent attorneys doing the searching first, most Inventors have this industry backwards, you need the level of interest, that the manufacture will pay for tooling and patents.
The Traditional methods also works, but I avoid it (Personally), they both work and many other methods to take new products into the market place, just as every new invention is different so is the process for each one.
I kept this Invention a Trade secret (using NDA'S) for 12 years until I found the right manufacture, now the patent's have 19 years life
and the manufacture has patents applied in USA,Canada,Japan,Taiwan,China,Germany,Spain,France and U.K all assigned.
This new product is being launched into Europe early next year and 6 out of the 9 Patents are already approved
Still waiting on Canada,Spain and France I think?
http://www.freepatentsonline.com/7739806.pdfMy focus is creating new Innovative Products, 6 in total and currently 4 of them all Patents and tooling Paid for by different Manufactures in Taiwan, also I meet many Inventors who become single due to the costs of Patents.
The value is in the Level of Interest (Manufactures, distributors, retail buyers) and not what the Inventor personaly see's, most of the time because only 2% of all patents make it into the market place!
Remember Patents cost big $$$, and if I had to pay for the 20 Patents for my first 4 new products that could be as high as $200,000-
before a return, its simple if your Invention is good enough this can be done!
Yes the manufacture owns the I.P, but I have the contract, and the I.P Grows in value once approved because before that its not always easy to get Licenses and distribution rights, because you are Licensing something that should get a Patent.
The same applies for assigned Patents, guess what you can get upfront payments and royalties before Patents applied or tooling is made but you need something brilliant.
Also Price point is critical to your new product, and brands are lazy now and want pricing FOB Taiwan or China
No point getting high royalties if your new product cannot break into the market due to the price point being also to high!
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Topic: Where to Start Searching ? (Read 675 times)
