Patent Attorney and Founder
Hi everyone I’m JD Houvener and welcome to the bold today’s show we’re Hugh the inventor entrepreneur and business owner gets your daily dose of inspiration to make the world a better place thank you for tuning in and hanging with us and happy Friday everybody this is part five of the five-part series on your goal and moving your your innovation into the marketplace to make money as it should be one of your top goals so we’ve been working through this challenge on how to how to identify and put up your your goal right in clear terms in color with environment sound touch and feel and now you’ve got a position on your desk if you’ve been following the challenge this week I’m getting that goal right in front of you see it every day so now your challenge is to share it with parties right sure it was someone else whether it’s a team member right or you’re your life partner or someone that you’re in your family make sure they know what your goal is it sounds funny but often times you know you’re your mom or your brother then they actually know what you want what you’re working so hard at in life and what you want to get by articulating it in words getting better at saying it you’re gonna believe it yourself and achieve it quicker in this fifth part session about how to monetize patents we’ve talked about a lot I talked about how to litigate how to get you enforce your patents through the legal system and there’s two big ones right we’ve talked about the P tab the patent trial appeal board federal litigation right taking someone to court we’ve certainly talked about licensing okay so giving up rights and ulúa for money and selling right out right giving the whole invention away in terms of and giving the four rights to make use sell and import to someone else in exchange for money and there’s different vehicles to do that this session we’re talking about something that may not actually think about as a way to monetize initially but it’s called defensive publications defensive publications are a great way to monetize if you’re a company or even an individual inventor that already has a sit in a portfolio that has technology that they’re moving forward in the marketplace with having success with and they want to prevent competition from locking down other technologies that could compete with that so let’s say you’re a a lawnmower manufacturer and you’ve got a top-of-the-line system for solar power lawn mowers okay I’m just coming up with something here but do you think that your competitors might be still in the combustion engine world and still be trying to make it so efficient that it might actually take some of your market share away you might be incentivized to publish defensive publication about a new combustion engine technology that you when your groups in the R&D came up with you do this not to actually try to monetize it your whole goal is to go towards solar lawn mowers but you want to try to prevent your competition right John Deere let’s say from putting out a new combustion engine that’s going to be able to compete with or do better than your solar technology so by this publication you prevent John Deere or any other company from getting a patent on that technology because you’ve given it to the public you’ve told the world how to do it and therefore when they try to file their their patent application on that same technology the examiner’s gonna tell them sorry this is not new someone’s already published this before and that was you so if this is kind of a sneaky way to monetize hold true and hold to your market share that you have now in order to eliminate competition well hope this session has been fun these five-part series about how to make money in patent law so again through the through the courts into the legal systems the patent trial appeal board federal courts licensing selling and through defensive publications so I hope you learned a lot if you have any questions that still remain about how to make it big and go for monetization and patent law feel free to book a 30-minute consultation with our firm our patent attorneys will be happy to talk with you again at no charge for up to a half hour just answer anything any questions you have on the subject it’d be great to hear from you and again if you have any questions on what we talked about feel free to comment below and Facebook LinkedIn Twitter Instagram wherever you’re viewing this we want to hear from you and hear your feedback I’m your host JD Houvener of the bold today show it’s been my pleasure have a good day go big go bold
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