Projecting the Costs of a Patent Portfolio

Developing and maintaining an effective industrial protection policy is an investment in human and financial resources. For many small and medium-sized organizations, it is important to be able to estimate the financial weight that the decisions taken in terms of IP strategy will represent over time (new filing, abandonment, extension, etc.).

It is always possible to have a budget established for the coming year to maintain your portfolio. It is a spot calculation, usually carried out by a specialist company or by the patent consulting firms, like Invent Help. This result makes it possible to budget the sums for the coming year. It has a cost and does not allow for a dynamic long-term vision.

The real need is to be able to quantify the budgetary impact of the strategy adopted on a medium and long term vision. But the financial impact of a filing or an extension is not reduced to the amount of annuities that will or will not have to be paid to keep the patent in force.

There are unpredictable variables (management of possible disputes, number of official letters that will be issued by national examiners when entering national phases, CPI costs, etc.) which will have a significant impact on the budget during the course of the procedure. It is therefore not possible to have a model making it possible to precisely quantify the budgetary weight of each decision.

However, we can consider that the budget of a patent portfolio is the sum of two components. The first is mathematically predictable and depends only on the age of the patent, its geographical coverage and the amount of taxes in force in each country concerned. The second can be seen as the multiplication of the first by an average ratio which includes all the unforeseeable costs.

This second component is specific to the environment of the patent portfolio. Inaccurate by nature, it turns out to be relatively stable, especially as the portfolio is large. It depends on the sector of the company, its competitive environment, its level of subcontracting for the management of the procedure.

This approach does not allow an “accounting” projection of the portfolio budget, but makes it possible to sufficiently refine the budget impact as explained in details on https://www.kstatecollegian.com/2021/09/24/how-you-can-boost-the-chances-of-becoming-a-successful-inventor-with-inventhelp/.

Metal Fabrication

Metal fabrication is the process which entails the construction of structures, parts of structures, machines or other products from various raw materials. A metal fabrication shop typically bids on a job, these bids are typically based on prototypes or engineering drawings. Once a custom metal fabrication shop is granted a contract they will build / fabricate the metal product.

Fabrication shops are employed by a variety of different companies who typically fall under three different categories

  • Contractors
  • OEM
  • VARs

The most common projects for custom fabrication companies, such as Arktek welding shop Perth, include; mechanical parts, exterior or structural frames, heavy equipment, posts, pans, heavy equipment, railings, platforms, and custom build unique metal parts.

Common Metals / Raw materials used in metal fabrication:

Ferrous Metals

  • Low carbon Steel
  • Medium Carbon Steel
  • High Carbon Steel
  • Stainless Steel

Non-Ferrous Metals

  • Aluminum / Aluminum alloys
  • Brass
  • Copper
  • Magnesium
  • Nickel
  • Titanium
  • Zinc

Protected with Patent

Patent registration is an exclusive right provided by the state to the inventor/applicant to use the inventive product or method for a certain period of time in return for public disclosure. Its duration is 20 years. After this period, the subject of the invention is considered public property.

Three criteria are sought for an invention to be protected by a patent:

  • Innovation (Worldwide).
  • Invention Step.
  • Industrial Applicability.

For inventions that meet these three criteria, the patent applicant is awarded with the Patent Registration Certificate issued by the US Patent Institute. Patents only provide protection for the countries in which they are registered. A patent registered in US gives rise to rights only within the borders of country. Consult with professionals from InventHelp for more information.

An improvement on an existing invention that will provide commercial profit for obtaining a patent for a product can also be protected with a Utility Model / Patent. Since the sale or display of the products of that invention after the patent application is made provides legal advantages, there are advantages to exhibiting the invention after the application to the official institution is made. For this reason, a patent application can be made even before an invention is produced.

Carrying out a patent search before or during R&D activities prevents the R&D department from experiencing unnecessary time losses. Thanks to the research to be done, it will be known whether a product similar to the patents of the competitors has been developed, and any imitation will be prevented knowingly or unknowingly.

InventHelp Patent team provides comprehensive services to its clients in developing and researching alternative inventions, giving opinions on their registrability, determining domestic and international registration strategies, registration procedures, objecting to rejection decisions and responding to third party objections, renewal, preparation of license agreements and foreign registration.

Inventing Something Great

Some people can only picture things in their mind that they have seen. Others with a little more creative mind can picture something in their mind if it is described to them. The most fortunate are those that can picture a complete machine or system that doesn’t exist.

From my experience, I believe that education does not necessarily give you this gift. I have worked with engineers with degrees from very good schools that could not design a machine unless it was sketched or described to them in detail. They could make improvements on an existing design, like making the next years automobile better than last years, but never come up with original idea.

If you have this gift, please don’t let it go to waste. The only reason that we don’t still live in caves and get our food with our bare hands is due to people with creative minds. Our standard of living improves continuously because of the constant flow of new products and processes. Throughout history there have been creative people like Leonardo da Vinci and Thomas Edison who have greatly improved our standard of living with their amazing creative minds as you can see from https://kulturehub.com/inventhelp-step-by-step-guide-inventor/.

You dream of coming up with a good idea and making millions. It happens, but not over night, and not without a lot of work. Maybe you already have a great idea and don’t know where to go with it. Well, there are patenting agencies like Invent Help that could guide you.

A dictionary says that an invention is a product of the imagination. That’s often true, but more often it is a result of observation of a need and working out a way to fill that need. Other times it is the result of unexpected outcome of an experiment. Every day there are probably thousands of people who think they have come up with a world-shattering idea. Very few will ever do anything with it.

Some will try to develop the idea but are soon discouraged or just don’t know where to start with developing the idea. Some will put a lot of energy and possibly money into the effort, just to become discouraged by a few negative results from their efforts.

How to Build Your Brand Identity

Think of some of the most recognizable brands in the world – Coca Cola, Google, Wal-Mart…

How did they get there?

It’s tough and it takes a ton of work, but eventually it all boils down to a few tactics.

What are some of those? Here’s a few:

Your ability to deliver on your promise – At its core, this is what branding is all about. The better you can deliver on your promise, and even exceed what you promise in general, the stronger the identity of your brand in your market’s mind.

Google, for example, promises to deliver more relevant search results than any other search engine. It does that consistently, which helps it remain the leading search engine today. “Under-promise and over-deliver” goes the cliché. Whatever your business’s promise is, make sure you can exceed it when it comes time to deliver the finished product.

Establish core values and stick to them – How many times have you heard business talk about their “excellent customer service” and then refuse to do the slightest thing once you actually call them? If you establish a core value of “superior customer service,” develop concrete mechanisms and business procedures to ensure your customer service really does exceed that of the competition.

Whatever your core values are, make sure you practice them daily. One way or another, they shine through to your customers, who take notice when you do what you say you will do.

Identify a clear audience and maintain consistent messaging – Make sure you know who you’re talking to. If you don’t have a customer persona in place, research the heck out of your market until you identify one. You should know everything there is to know about your customer – what they like and don’t like, what they read, what their income is, whether they have children, and where they hang out after work.

Then develop a message for them that solves a major problem. However you reach them – online, through social media, on television, or on the radio, make sure you repeat the same message consistently. Then, as they experience the problem over and over, they’ll remember you are the best solution for that problem.

Here’s to You Becoming the Next Google

It’s tough to become the leading brand in any niche, but simply by committing to becoming a brand and establishing a presence, you put yourself ahead of other small businesses not doing the same. If you don’t become the next Google, you will at least remain ahead of the others while they keep spinning their wheels going nowhere.

Marine Equipment

Marine Equipment’s is the lifeblood of any company that makes its’ living from water-related activity. When it is necessary to make repairs or upgrade to a better model, time is of the essence. Having to keep a crew idle means the loss of income. There is no need to contemplate this scenario when the professionals at Giantech Engineering are on the case. They are able to provide the proper parts and supplies for almost any type of vessel. In addition, the fast turnaround time means that waiting is now a thing of the past.

The expertly trained staff knows that timing is everything. They are able to provide quote information in days, not weeks, with many orders filled and shipped in this short time span. The impressive inventory list boasts a full range of the most essential items necessary to keep that vessel up and running. This includes Marine Anchor Chains, Deck fittings, Anchors and Rigging hardware among other things. If by chance the part is not in stock, the knowledgeable staff will find it – typically in less than a couple of days at most. With this kind of service level and parts expertise, it is easy to see why igiantech.com is the leading supplier of equipment for Marine vessels in the world.

Why to Apply For A Patent?

Nobody would apply for a patent without a pretty good idea for a new invention, but a friend of mine (”Joan”) ran into a problem.

It was a rather personal problem. Joan remembers having an epiphany one sunny day a few years ago. Like a bolt from the blue, a new idea struck and she knew instantly it was gold.

She also knew enough not to talk about it until she tackled the process of patenting her invention. So she told nobody about her idea. Instead, Joan educated herself on how to apply for a patent and ordered the initial set of worksheets she needed to get started.

Week after week she waited for the paperwork to arrive. By the time she actually received her packet in the mail, she realized to her horror she had completely forgotten the idea!

At first blush, this might seem unlikely. But it is a real liability for anyone who leads a busy, creative lifestyle as explained on https://thriveglobal.com/stories/a-discussion-about-inventhelp-and-helping-people-achieve-their-goals/.

Joan is considering hypnotism to attempt recovery of her lost idea. If it was important enough to initiate the patent process, maybe the extra effort should be made.

When you depend on a continuous flow of ideas, as many of us do, you can commiserate instantly with Joan’s situation. An idea can be lost overnight. That’s why the consistent use of capture techniques is critical. You’ll hear me mention them repeatedly, because the more ideas you generate, the more important it is to get them recorded in some way, shape or form, for later use as described in https://easyreadernews.com/why-inventhelp-has-become-so-crucial-for-new-inventors/ article as well.

Joan was caught by surprise when she was finally ready to apply for a patent.

It’s amazing how easily a great idea can be lost, no matter how “dependable” your memory. Thoughts are a lot like water. If you try to collect too many thoughts in the bucket, some will spill over the side and be lost.

Benefits and Components of an Invention Ideas License

An invention ideas license is an agreement or contract that an inventor engages in to permit another individual or or company to exclusively use, market and/or sell their invention. While it mainly serves as a form of permission for the licensee, it also sets boundaries in their use of the product. An invention ideas license also stresses the intellectual property rights of the inventor. For this reason, licensees must be careful not to infringe on these exclusive rights.

Benefits of an invention ideas license

Both the licensee and licensor benefit from an invention ideas license as stated in http://theavtimes.com/2020/07/01/amazing-ways-inventhelp-can-assist-you-as-an-inventor/ article. The following are some of these benefits:

  • Since a licensee gets exclusive rights to use, market and/or sell an inventor’s product, they get to monopolize the market. This is especially true if no product in the market is similar to the inventor’s creation.
  • A licensor or inventor earns by granting an invention ideas license to a licensee. In fact, if their invention creates a major breakthrough in the market, several companies may clamor for the right to get the invention ideas license. This creates bigger profits for the inventor.

Components of an invention ideas license

An invention ideas license includes several components or parts. The following are some of these components:

Term

Term refers to the duration of the effectiveness of an invention ideas license. This is important especially when considering changes or conditions in the market. More on, it serves a significant role in case the value of the invention ideas license increase as explained on https://www.newsbreak.com/news/1606220763464/how-new-inventors-are-benefitting-from-inventhelp-assistance.

Territory

Territory pertain to the area or place in which the invention ideas license is valid. For instance, if the invention ideas license states that it is only valid in Australia, then a licensee must not promote, market or sell the product in countries or areas outside this continent. Should they do so, the licensor of the product can file a case against them for violating the agreement or contract.

Types of an Invention Ideas Patent

Invention ideas are the very root of everything you see around you. From the computer you’re staring at, to the chair you’re sitting on, you benefit from the birth of past inventions every single day, whatever activity you engage in. The amazing thing about some of the world’s great inventions is that their conceptualizers were teenagers and children.

An invention ideas patent is a contract or agreement that entitles you to some exclusive rights upon sharing your invention or invention idea to the public. It serves as a protection of your rights as an inventor to avoid anyone from imitating your invention or invention idea. Exclusive rights provided by an invention ideas patent include marketing, using, making, importing and selling your invention as stated on https://usa.inquirer.net/56347/everything-you-need-to-know-to-be-a-successful-inventor. In most cases, the effectiveness of an invention ideas patent lasts for 20 years.

There are two main types of invention ideas patent. One type is called the utility patent. A utility patent is a type of patent you need to protect your invention or invention idea of a new object such as a machine, a composition of matter or an article of manufacture. It may also pertain to an innovation or improvement of any of these. A utility patent may also be used to protect your invention or idea of a useful process.

The other type of an invention ideas patent is a design patent. This type serves as a protection of a novel design you have produced for objects. These objects are often articles of manufacture. Some of their examples are improved designs of pants, watches or action figures.

If you are looking for someone with an unusually strong technical and business background to explain, refine, and protect your ideas, visit InventHelp. Learn more at https://www.hometownstation.com/santa-clarita-news/use-inventhelp-to-kick-start-your-career-as-an-inventor-today-335441.

Becoming an Underwater Welder

If you’re looking into becoming an Underwater Welder, chances are you’ve asked yourself , “What’s the average Underwater Welder salary?”

This is a tricky question, as many things factor into how much an Underwater Welder gets paid.

Salaries for welder-divers cover a wide range, as the majority of them are paid on a project-by-project basis and salaries are subject to the same variables as work availability. There’s no hourly rate for the divers – you simply get paid for the project once it’s completed.

As an underwater welder, you’re pretty much your own boss – in the sense that you don’t have a boss deciding how much you should make. Your contractors are your clients, and you can many times negotiate the price of contract based on some factors.