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When submitting a Record of Invention (ROI), it is important to understand the title of inventor. Only individuals falling under the title of “true” inventor should be listed on the ROI form.

The U.S. Patent & Trademark Office (PTO) recognizes an inventor on a patent application as an individual that contributed his or her ideas to the invention. The application, as well as several other documents, must be signed by the true inventor(s) and filed in the Patent & Trademark Office under the true inventor’s/inventors’ name(s). Therefore, only the person(s) conceiving and furnishing the ideas may be listed on the patent application as can be seen on https://www.techtimes.com/articles/249715/20200518/how-inventhelp-gets-new-inventors-onto-the-right-path.htm.

Listing Individuals on the Patent Application

If two or more persons each had a share in the ideas forming an invention, they are listed as joint inventors (or co-inventors) and will have a patent issued to them jointly on the basis of a proper patent application. At no time should an inventor list a child, spouse, family member, financier or boss as an inventor on the application unless, as stated above, they fall under the title of “true” inventor.

All the persons listed on the patent application are considered equal inventors, regardless of the order their names appear on the application as shown on https://www.valuewalk.com/2020/05/medical-invention-covid-19/ article. The PTO does not recognize one inventor as having more importance, or contributing more, than another.

It is the intellectual property audit that measures the intellectual assets of an organization or an individual. If you’re wondering what intellectual assets are, just think about an idea you have that could be quite profitable. That idea all of a sudden becomes a type of intellectual asset. Put it into action and it becomes a true asset.

Usually, you will apply for a patent or a copyright to seal your claim on the idea. When you do that, it officially becomes intellectual property. No one else can make claim on what is rightfully yours as you can learn from this YouTube channel – https://www.youtube.com/user/inventhelp.

Having an intellectual property audit can cure some of the disputes that businesses, organizations, and individuals have. These matters are usually dealt with on a case-by-case basis, but this can be dangerous.

That is why it is good to have an intellectual property specialist perform an audit to ensure what intellectual property is actually owned by someone and what is not.

What is intellectual property?

You’re probably wondering what counts as intellectual property. You may even be asking if you have any. You might be surprised to find out that you do. This is because intellectual property includes movies, books, music, paintings, software, and photographs. If you have come up with an invention, that is intellectual property as well.

If you created these things, no one else can use them. If you have viable proof that you were the first to come up with these items, even if you have not registered them, you are the rightful owner under the law as described on https://www.tmcnet.com/topics/articles/2020/03/24/444881-everything-need-know-inventhelp.htm.

As you prepare for filing a patent application, you may hear a lot about a patent search. A search is a process that allows for the patent agency to insure that the product or other invention you are bring to them to be patented is actually unique enough to do so and meets all requirements under US Patent Law. This means that the patent search will take into consideration all-prior art, which is any product that could be on the market or have been a reference in the past.

The goal of a patent search is to be sure the patent meets the requirements as a non obviousness and novelty item. This defines if the patent is patentable. Before you hire a professional to handle these detailed searches or fail the patent process, you may want to do some investigating on your own. How can you know what has been filed in the past, though, especially since there are so many patents in the history of the country? The good news is that you can get virtually all you need through a good online search of prior art, or at least a patent depository library search as explained on https://www.jpost.com/Special-Content/Get-Your-Invention-Off-the-Ground-with-the-Support-of-InventHelp-624132.

Now, this does not mean this is where you should stop. In fact, you will want to go much farther into the process to insure that the item you are paying heavily for, for a patent on it, is something that can be patented. Therefore, it is always advisable for you to hire a good patent attorney or a patent agency to handle the patent search for you.

This is necessary for several reasons. First, you will want to be sure that they are thoroughly investigating all options that could relate to your patent. Second, you do not likely want to spend the amount of time to do this on your own. Professionals can do this faster and more thoroughly for you.

One thing many people do not realize is that you often do not have to wait for a patent search to be done to actually get a provisional patent. This is the type of patent that allows you to lay claim to your invention or product but to keep it quiet and out of the public domain. It also gives you that early filing date you need to protect your patent. The US Patent Office does not require patent searches or the verification of the products patentability to obtain a provisional patent.

For many, the process should be to file a provisional patent as soon as it makes sense to do so (your product is commercially salable). Then, use the one year window that you have from obtaining that provisional patent to get your patent search done. It is highly advisable that you hire a professional for this process, such as a patent attorney or a patent agent as stated in https://spacecoastdaily.com/2020/03/inventhelp-the-way-forward-for-new-inventors/ post. Doing so will protect your investment and will save you hours of research on your own. A patent search is required to obtain a patent.

There are maintenance fees that you have to pay to maintain your patent at certain time intervals during the duration of your patent term. Failure to do so will allow your patent to become abandoned. Current fees can be found at the US patent trademark office’s website which has a ton of great information.

After a patent application has been examined and found allowable, the patent applicant must pay an Issue fee set by the US Patent Office within the prescribed time period. After a patent is granted, the patent owner will be responsible for paying maintenance fees at the 4th, 8th and 12th year anniversary dates, in order to maintain the enforceability of the patent as you can see from https://openlab.citytech.cuny.edu/gotconcept/elon-musks-greatest-inventions/ article.

The maximum term for a United States Utility Patents that would be issued today is 20 years from the earliest claimed priority date. The term can be shortened in various situations. One of those is failure to pay US patent maintenance fees due and payable at 3.5, 7.5 and 11.5 years measured from the issue date of the original patent. If these fees are not paid in a timely manner, the patent term expires prematurely and the patented subject matter enters the public domain.

For the US, maintenance fees must be paid three and a half, seven and a half, and eleven and a half years after the patent issues to maintain it for the full term. Other countries require a fee every year. You can hire a patent agency, like InventHelp, or a patent attorney or annuity service to remind you of the deadlines. It is not possible to pay in advance. Please contact your patent attorney for further assistance. You do have to take action in order to maintain your patent.