Many people choose to patent a new product idea because they intend to profit from their innovation. The United Stated Patent and Trademark Office defines a patent as: “A property right granted by the Government of the United States of America to an inventor “to exclude others from making, using, offering for sale, or selling the invention throughout the United States or importing the invention into the United States” for a limited time in exchange for public disclosure of the invention when the patent is granted.” Like other forms of property rights, such as real estate, patent rights may be sold or licensed by the owner in order to earn a profit.
There are three steps involved with the patenting process: (a) the search (b) the preparation of the patent application, and (c) the prosecution. These steps remain the same for each product patented, however the complexity and effort involved in each patent may vary substantially. The U.S. Patent and Trademark Office (USPTO) “strongly recommends that all prospective applicants retain the services of a registered patent attorney or patent agent to prepare and prosecute their applications.”
Are you seeking patent protection internationally as well? Patent Services has the resources to help inventors establish their patent rights in the largest and fastest growing markets throughout the world including the United States, China, Europe, Japan, India and many others countries that require and offer patent protection.
Contact Pro Innovations today to find out how to get started with a free product assessment. We’ll help you to build a strong foundation for your new idea through credible professional sources followed by preparation and filing of properly researched patent claims through our network of independent registered patent attorneys and patent agents.
Once we help you to establish patent protection for your invention idea, then we’ll place you directly in the hands of one of our professional licensing affiliates. Our licensing affiliates work entirely on a contingency fee basis to market and license your invention idea directly to manufacturers for you. The licensing affiliate will use a number of channels including trade show representation and website exposure in an effort to secure a licensing agreement for your new product idea.
The award of a patent is a significant achievement for any inventor. But, of course, your patent is still only one piece of the puzzle. Inventors who intend to license their patent rights must also present a convincing case for their product idea to manufacturers.
Pro Innovations has pioneered an entirely unique approach in product licensing services by providing an avenue for inventors to receive licensing services without paying significant upfront fees. Our holistic approach to patent assistance services provides inventors with a comprehensive strategy for their new product idea.
We’ve eliminated the endless expenses incurred using marketing companies to promote your product.
Inventors who have established their patent protection through Pro Innovations can be referred to an independent licensing affiliate to provide marketing and licensing services. These licensing affiliates will be able to discuss their costs up front with you for the following services, (if desired):
Inventor representation at trade shows: Networking with potential buyers and manufacturers for your product.
Brochures and press releases: Including a master press release promoting the availability of the new invention or product, for submission to trade journals, magazines and newspapers.
Personal web-page and non-disclosure agreements: Exposure your new product idea to a global audience and creating an immediate presence for product previews.
Licensing payment arrangements: Helping you negotiate your most desirable compensation option with a manufacturer whether structured as a percentage buyout or flat buyout or royalties paid out yearly, bi-annually, quarterly, monthly etc.
Licensing agreements are part of contract law and it is strongly recommended that they be prepared by a certified and experienced professional like a licensing agent or a licensing attorney. An effectively structured licensing agreement includes:
Use of trademarks and copyrights
Your licensing agreements will cover a number of issues that must be addressed properly and legally to protect your rights over the product. Our affiliates will help you to understand all of your options so that you can make the right decisions in the licensing process.
Contact Pro Innovations today to begin exploring your options!