A Brief Summary On US Patents
Dec12

A Brief Summary On US Patents

This is a brief summary on US patents. Patents and trademarks are both issued by the USPTO (United States Patent and Trademark Office). A patent gives you the right to exclude others from making, using or selling your invention in the United States. Most patents last for twenty years, beginning on the date the application for a non-provisional or provisional patent was first filed.  Once a patent is issued it becomes your responsibility to enforce the patent.  The rights granted by the USPTO are only honored within the United States and U.S. territories.

There Are Three Different Types of Patents Issued By The USPTO

  • Utility patents may be given to anyone who invents a useful process, a machine, a manufactured product, etc. Examples: Computer hardware or medications. An utility patent can be provisional or non-provisional.
  • Design patents may be granted to anyone who invents an original and ornamental design. Example: The look of an athletic shoe.
  • Plant patents may be granted to anyone who invents or discovers and asexually reproduces a new variety of plants. Example: Hybrid tea roses.

Patented

Very simply an utility patent protects the way an article works and is used while a design patent protects the way an article looks. Both design and utility patents may be obtained for a particular product if it is inventive in its utility and ornamental appearance.

Utility applications can be:

  • Provisional: A provisional application is a very simple patent application which includes only a description of the invention.
  • Non-provisional: A non-provisional application is the full patent application that includes e everything – oaths drawings and claims. Within one year of filing your provisional application you have to file a nonprovisional application.

Patent law specifies the rules for patents and the USPTO administers all patent laws related to the granting of patents and other provisions to do with patents. They also publish and distribute all patent information. This is a very brief overview of patents, please feel free to comment and add to this if you’re an expert on this topic. Thanks!

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Money & The Millionaire Mindset

Wealth Flows From Energy And Ideas – William Feather

Wonder how and why the rich get richer or how they make money in the first place? Millionaires have a different mindset when it comes to money and making it. So, if you’re wondering what you’re doing wrong when it comes to bringing in the moolah like the rich do, start thinking differently.

Rich individuals hit upon an idea and see how it can provide value for people and make money while doing so. Yes, they know there’s the risk of it failing, but unlike some of us who are scared of taking risks they are willing to take a chance anyway. They focus on earning money and do everything they can towards that goal instead of making peanuts and protecting and saving those peanuts and then working longer hours to make a little more peanuts. After working long hours for years on end, maybe you’ll have saved up a little money to buy a house but if you don’t take that chance, you’ll never know if you would’ve made it. There’s a 50-50 shot, you’ll be successful. Learn to take a shot, that’s why it’s said that fortune favors the brave.

The rich leverage resources and contacts to further their business for maximum profit, some may consider this selfish and greedy but hey they help keep the engines of this great capitalistic economy running and create jobs. The average person focuses on making money thru’ multiple jobs and working extra hours whereas the rich are smart – they capitalize on problem-solving ideas and turn them into profit-making endeavors. Use smart logic while making financial decisions and strategizing, you can’t make emotionally driven financial decisions.

There’s no such thing as luck, it’s a combination of smart thinking and hard work. Remember we live in a capitalistic society where if you’re willing to work hard on your great idea which fills a need for your target demographic, you surely will be rewarded. Don’t let stupid insecurities hold you hostage, you have what it takes to join the millionaire club. Put your fears aside, take a shot and stop thinking of money in terms of scarcity and related fear, start thinking of it in terms of abundance, freedom to achieve and move closer to your dreams.

 

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An Intro to Patents

Patents and trademarks are both issued by the United States Patent & Trademark Office (USPTO). Patent law specifies the rules for patents. Most patents last for twenty years. A patent gives you the right to stop others from making or selling your invention in the United States or importing your invention into the United States. Once a patent is issued, you’re responsible for enforcing it. And you are only granted rights that are honored within the United States, U.S. territories, and U.S. possessions.

There are basically three different types of patents issued:

A. Utility Patents are granted to anyone who invents a useful process, a machine, an article of manufacture, or a composition of matter. Example: Computer hardware.

B. Design Patents are given to anyone who invents a new, original, and ornamental design for an article of manufacture. Example: the new design of an athletic shoe.

C. Plant Patents are given to anyone who invents or discovers and asexually reproduces a new variety of plant. Example, hybrid tea roses.

In general, a utility patent protects the way an article is used and works, while a design patent protects the way an article looks. You could get both patents for the same object if applicable.

Utility patents can be provisional or non-provisional. A provisional application is a very simple patent application which includes only a description of the invention. A non-provisional application is the full patent application including oaths, drawings and claims. But you will have to file your non-provisional application within one year of filing your provisional application.

The USPTO administers all patent laws relating to the granting of patents and provisions relating to patents. They will examine your applications and grant patents. They also publish and distribute all patent information including: maintaining search files of U.S. and foreign patents, recording assignments, search rooms for public use in examining issued patents and records, and supplying copies of patents and official records to the public.

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