Patent Attorney and Founder
Hi I’m JD Houvener your host of the bold today’s show review the inventor entrepreneur business owner get your daily dose of inspiration to make the world a better place yesterday we talked about patent sales and how they can make money for the inventor right how they can make a big moneymaker in in a way avoid having to deal with all that interesting complex license structure that is in those type of contracts a true patent sale rewards inventor for innovation and lets him move on to the next project so one thing I didn’t touch on is the idea of patent trolls and how there’s actually a pretty positive side to patent trolls they can seem kind of ugly and lurking and they might have this sort of bad image that they’ve been given in the press but it’s patent trolls that are packed for the ones that do a lot of the buying of inventions and they reward the inventor for what they’ve done so it’s a big positive thing about patent trolls stay tuned for the following week we’re gonna be talking about patent trolls and some of the interesting ways that litigation can lead to different types whether it be through federal court P tab or through the ITC we’re still in the money week and I want to talk about a different way that some of the bigger companies make their money not by selling or licensing but by filing what’s called defensive publications so defensive publications are those types of inventions that are not core to that big company so think about a huge company like IBM or Boeing these are the types of companies that file defensive publications they’ve got a core area of focus right let’s just pick Boeing where there are an aerospace they do airplanes they do satellites even some military applications but they’re probably not an automobiles interesting enough they probably publish hundreds of documents on applications for their feel in automotive applications why would they do that to prevent competition from being able to enter into their competitive space they’ve got new technology that they want to use right away they don’t want to go through the arduous patent process they want to keep competitors out of that field they will file a defensive publication all this means is they’re putting prior art out there into the world the putting out technology that they have no intention of claiming themselves there’s no real application for for airplanes or aerospace or satellites whatever fields they’re in they’re just making sure that no one’s even gonna come close they happen to be investigating in this particular area and they want to make sure that there’s that this information gets out to the public and prevents anyone else from getting a patent on it especially their competitors under 35 USC 102 a patent holder needs to be able to prove to the examiner that their invention is novel and if the publication’s been out there in the public and the examiner knows about it they’re not gonna get a patent on that subject matter so this is how the big boys play the game sometimes through patent publications or just straight defensive publications getting the word out about a competitive field in the area of Technology so if you’re interested about patent applications want to hear about different ways that big companies make money in the patent world give us a call or send us an email make sure to visit our website to bold patents calm we’re still giving away free 30-minute consultation for those that are interested and those that want to know more about the patent process also if this was an interesting episode you’re interested in hearing more about it and I think you might know someone that could be interested forward this email to them we’d love to chat with them too I’m your host JD Houvener the bold today’s show go big go bold
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