Blog

How much does a patent cost?

A typical US patent cost is over $60,000. This is according to the American Intellectual Property Legal Association bi-annual survey. This is the average patent cost across the US for a patent on a “high technology” invention, and your mileage may vary. The patent costs are roughly half drafting (“preparation”) and prosecution. Preparation includes everything… Read more »

Considering Constraints When Evaluating Patentable Ideas

When all you have is a hammer, everything looks like a nail. Every invention has a set of constraints, and it is imperative to uncover and evaluate them when considering patenting. This applies to an inventor or business manager who is trying to ferret out ideas contained in a new product as well as the… Read more »

A good patent is easy to read

A good patent is easy to read. If you can’t understand your patent application, neither can the patent examiner. Many people tell me that they did not understand their patent application because their attorney used “legalese”. Some even joke that it was so dense that they did not even know if their invention was in… Read more »

What does a good patent application look like?

Good patents are NOT written in “legalese”. I had a telephone interview with a patent examiner a while ago and in the course of the interview, the examiner said that he really liked my patent application because I did not try to hide the ball with the invention. I was originally taught to write patent… Read more »

Curating Inventions in the Invention Disclosure Meeting – Myopia

BlueIron has a vested interest in the quality and economic value of your patents – it is the only collateral that BlueIron uses. The single biggest event that determines commercial value is the invention disclosure meeting. If inventors see their inventions as too small, the resulting patent leaves much of the value on the table…. Read more »

Renting Your Patents – How does that work?

What does it mean to “rent” my patents? Isn’t it better to own them? BlueIron’s financing allows you to “rent” your patents by having an exclusive license to the patents. This gives you all the legal benefits of owning the patents, such as being able to enforce the patents, license and sublicense the patents, keep… Read more »

Licensing Patents as Part of Your Overall Patent Strategy

Outbound licensing is one option with a good patent portfolio. One or more patents can be developed for a licensing strategy in conjunction with or separate from a company’s main product. There are some technologies that are so large that one company may not have the resources to bring the technology to market or where the… Read more »

Defensive Patent Strategies

Patents and patent applications are very effective marketing tools and deterrents to competitors. When a patent application is filed, a product may be properly marked as “patent pending.” This marking serves two very important functions. In a general marking sense, the “patent pending” or “patented” markings indicate to consumers that the product is unique and cannot… Read more »

Patents Help Sell Your Company

When building a patent portfolio with the intent to sell a company, the main audience is not potential infringers, but the acquiring company. Depending on the situation, the acquiring company may have any of several different reasons for the acquisition. For example, the acquiring company may be looking to add an existing product to its product… Read more »

Drafting Patents for Licensing

Patents that are intended for licensing have a distinctively different feel to them and a different method of drafting than patents that protect a specific product line. Here, our intent is to protect an idea that may potentially be more valuable at the end of the patent life and may be used in ways that… Read more »