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Practical Pointers for Patentees By: Franklin Allison Cresee |
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PRACTICAL
POINTERS for PATENTEES CONTAINING VALUABLE INFORMATION
AND ADVICE ON THE SALE
OF PATENTS AN ELUCIDATION OF THE BEST METHODS
EMPLOYED BY THE MOST SUCCESSFUL INVENTORS
IN HANDLING THEIR INVENTIONS By
F. A. CRESEE, M.E. Revised and Corrected, with New Forms and Tables of Population
of the United States in Accordance with the 1910 Census [Illustration] MUNN & CO., INC.
SCIENTIFIC AMERICAN OFFICE
361 Broadway
NEW YORK
1912 Copyright, 1901, by the
POTOMAC PUBLISHING COMPANY Copyright, 1902, by
MUNN & COMPANY Copyright, 1906, by
MUNN & COMPANY Copyright, 1912, by
MUNN & CO., Inc. New York
MACGOWAN & SLIPPER
30 Beekman Street
PREFACE
The original conception and working out of an invention is usually a
labor of love on the part of the inventor: having perfected his
invention in every detail, he finds able and skilled counsel waiting to
prepare and prosecute his application for patent before the Patent
Office Examiner. When the patent is allowed or issued, the patentee's
real work begins that of turning the patent into money. This is the
business end of the inventor's work, which is generally to his interest
financially to undertake himself, or to have under his immediate
supervision. The object of this little work, based upon the experience and
observation of the author and other successful inventors, is to give the
patentee such information and advice as will enable him to proceed more
intelligently, on the most successful and economical basis, to realize
from his invention. The American Government issues annually over thirty five thousand
patents, a large number of which are offered for sale by their
respective patentees, who in many cases have no definite lines to pursue
in negotiating their patents; many realizing little or nothing from
their inventions through careless or bad management, while others,
through incompetency, drift into the hands of unscrupulous
patent selling agents only to be swindled. The numerous inquiries from patentees seeking practical, reliable, and
up to date information as to the best and most successful methods of
realizing from the product of their ingenuity, has led the author, after
due deliberation, to prepare and present this work to the American
inventor, with a view of supplying a long felt want, with the hope that
it will save them many expensive experiments in handling their patents,
and advance them on the road to success. It has been the endeavor of the writer to cover briefly every subject
that is usually encountered by patentees in disposing of their patents,
not only in the matter of selling, but also in the equally important and
perplexing questions of arriving at the value of patents, legal forms,
statistics, etc., etc. Realizing that the work may be deficient in many respects, the hope that
it will prove instructive, and the belief that it contains many
practical pointers for patentees is still entertained by THE AUTHOR.
CONTENTS CHAPTER I. DEMAND FOR INVENTIONS OF MERIT.
PAGE
Monopoly in Patents Industrial Progress Based upon
the Patent System 9 12
CHAPTER II. INCOME FROM INVENTIONS. Independence through Successful Invention Unprofitable
Patents Money in Patents Business Capacity
of the Inventor Inventions as a Poor Man's Opportunity
to Advance 13 19
CHAPTER III. SECURING CAPITAL. Danger in an Undivided Interest A Better Plan Form
of Agreement Perfecting Inventions Exhibit
of Inventions To Avoid Being "Squeezed" Value
of Record of Invention Newspaper Notoriety 20 29
CHAPTER IV. HOW TO ARRIVE AT THE VALUE OF A PATENT. Pecuniary Value Commercial Value Basis for
Estimation General Rules for Valuation How Rating for
Royalty Is Figured Stock in Stock Companies Prices
for Territorial Rights Valuation Tables 30 40
CHAPTER V... Continue reading book >>
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