Posts Tagged: "famous inventors"

Why Exclusive Patent Licenses Can Be More Valuable Than Owning Patents Outright

Patents are a big capital investment for a startup company, but so is an office building. However, no startup company owns their office building outright. Even if they did own the building, they would take a mortgage on the building to free up capital. Exclusive licenses are the same thing as a lease agreement: the startup has full control of the assets, but does not have to spend capital to build or maintain the asset.

Drafting Patent Applications: Writing Method Claims

Method or process claims are relatively easy to write once you know what the core invention is and what is necessary to be included in the claim in order to overcome the prior art. Method or process claims will include active steps to achieve a certain result. In method claims the transition is typically either “comprising” or “comprising the steps of.” While legally there may be some distinction between these two different transitions, both are acceptable. It is also important to understand that each of the steps in a method or process claims use gerunds, which are a form of a verb that ends in “ing” and operates to direct the action that is to take place.

Necessity is the Father of Invention

A lot has been said about mom inventors who came up with ideas to solve problems that revolved around parenting, but there are plenty of hands-on dads who have come up with their own solutions to problems that involve their kids. Here are three examples of dad inventors who have done just that.

Patent Drawings: An Economical Way to Expand Disclosure

U.S. patent law requires a patent applicant to furnish at least one patent drawing (sometimes referred to as a patent illustration) of the invention whenever the invention is capable of illustration by way of a drawing. Said another way, whenever a drawing would assist in the understanding of an invention patent drawings, or at least one patent drawing, is necessary.…

The Quid Pro Quo – How Bad Patents Can Harm A Startup Company

There are many examples of patents that had virtually no value because the claims were undetectable, unenforceable, or ridiculously narrow. In the process of getting a worthless patent — a bad patent, the company gave up their complete roadmap for how to manufacture and use their product. These bad patents are not just a waste of money, but their competitive advantage is eviscerated by disclosing everything they know. The bottom line: Some patent applications can be very damaging to a startup company.

Is This Patent Any Good? How to Tell a Good Patent From a Bad One

Many inventors boast that they did not understand their patent application because their attorney used “legalese.” Some even joke that it was so dense that they did not even know if their invention was in there. Make no mistake about it: a good patent is easy to read. Patents are business documents that are read and understood by real people, not attorneys. When the patent is litigated, the patent is read by a judge and jury, who are common, ordinary people. If a normal person cannot understand the patent, neither can they.

The Attorney-Client Relationship Can Be Harmful to a Startup if Not Managed Correctly

Inside the business of patent law, small inventors are known as ”walking malpractice suits.” Patent attorneys are taught to never give business advice. Instead, they merely explain all the options and make the client choose. Then the attorney is not on the hook… Patent attorneys are expert at writing good patents and getting them through the USPTO… The company has the responsibility to make sure that the patents meet its business goals–not the patent attorney.

Constantly changing patent laws are taking a toll on American innovation

Inventors and investors demand a system that affords predictable and durable intellectual property rights in a timely manner. If the system that we implement for granting patent rights does not meet those criteria, inventors will not make use of the system, the public store of knowledge will suffer, and investment in innovative and entrepreneurial domestic enterprises will diminish. Perhaps more importantly, if those rights are not found here, the procurement of intellectual property rights and associated investment and commercialization will move to foreign lands. The result will be lower domestic economic output, fewer jobs, and a decline in American innovation.

Why Does It Cost So Much to Prepare Patent Applications?

Preparing and filing patent applications in the United States can be a daunting undertaking. Indeed, the cost of preparing and filing a patent application can be quite high; far higher than most inventors and small businesses would prefer. Sure, there are the bargain basement discount providers on the Internet, but does anyone really think that in an industry that has only time to sell by the hour or by the project that the same quality will be obtained if you pay $1,500 for a nonprovisional patent application instead of $15,000? Unfortunately, there are some novice inventors who delude themselves into thinking they will get the same quality for $1,500, but sophisticated inventors, knowledgeable corporations, and even newbies who have their wits about them all know that the more time you spend on a patent application the better.

Due Diligence on Startups: Patent Assignments and Inventorship Issues

Assignments are the mechanism to transfer title of a patent, just like deeds are used to transfer real estate… For due diligence, the owners of the patents should provide all of the assignments in a chain of title. The chain of title always starts with the inventor and will progress to the current owner. If there are any license agreements relating to the patents, each of the previous owners of the patents should provide copies of the agreements.

Drafting a Licensing Agreement, a Patentee Perspective

Having an attorney draft a licensing agreement, or a licensing expert negotiate a licensing agreement, from start to finish is obviously the best way to proceed. But there will always be some who will choose to proceed on their own to negotiate a licensing and/or draft an agreement. This can certainly be dangerous, but sometimes there is no alternative given financial constraints. Whether you are going to represent yourself or work with an attorney or licensing professional, it is a worthwhile endeavor to engage in some strategic thinking, which absolutely must be the precursor to any memorialized deal.

Understanding the Patent Process: Rejections vs. Objections

The refusal to grant claims because the subject matter as claimed is considered unpatentable is called a “rejection.” The term “rejected” is used by the patent examiner when the substance of the patent claims being sought are deemed to be unallowable under 35 U.S.C. 101, 102, 103 and/or 112. If the form of the claim (as distinguished from its substance) is improper, an “objection” is made. An example of a matter of form as to which objection is made is dependency of a claim on a previously rejected claim. You can also get an objection where claims have not been properly grouped together in violation of 37 CFR 75(g).

How patent laws are harming children and America’s innovative future

The Young Inventor’s Showcase is nothing short of an amazing academic program in 56 Houston area grade schools. The program teaches grade school kids the entire innovation system from problem identification to the store shelves. The class wraps up with an inventor competition judged by members of the Houston Inventors Association… All of these inventions were disclosed without even a provisional patent application being filed. This isn’t just a concern for the Houston Young Inventors Showcase, but is a problem for all science fairs and similar events. It has always been a bit of a concern because once you disclose an invention it is no longer patentable in many countries, but up until March of 2013 disclosure in the U.S. prior to filing a patent application did not create a patent problem here.

Nikola Tesla, an American immigrant and one of the most important inventors ever

It is no understatement to say that Nikola Tesla is one of the most important inventors of all time. From electricity to radio broadcasts to wireless transmissions, there was no aspect of the technological world during the late 19th century that weren’t somehow touched by Tesla. During his life, Tesla earned 111 U.S. patents and held about 300 patents from countries across the globe. Drones, robotics and wireless power transmission, things that Tesla envisioned, are still being developed today. Without the important contributions of this immigrant inventor, there’s no question that American innovation would have lagged significantly in the early 1900s.

Patent Drafting: Define terms when drafting patent applications, be your own lexicographer

Being your own lexicographer means is that you who can define your invention using whatever terms you choose, and after attributing pretty much whatever meaning you want to give to the terms you use. Indeed you get to define the terms you use so long as any special meaning you assign to any particular term is clearly set forth in the specification. It is true that the ordinary plain meaning of the terms as would be understood by one of skill in the relevant technology field will be applied if you do not provide your own definitions, but leaving nothing to chance is generally a good idea. It is an absolute prerequisite if you are using a term that has multiple possible meanings, or if you are referring only to a certain subset of what the term generally means or could mean.