Robert Z. Cashman | Phone: 713-364-3476 | E-mail: rzcashman@patentprophet.com

WELCOME TO PATENT PROPHET

In Manufactured Goods, Patent Infringement, Patent Licensing, Patent Prophet, Patent Trolls, Products Liability on November 20, 2012 at 12:11 pm

Welcome to Patent Prophet. We are a business consulting firm, and our goal is to see inventors and small businesses succeed.

Now up front, you should know that I am a lawyer and I do run a successful law practice.  However, I started this venture because I have developed connections which I believe you can benefit from, and I would like to see your product on the shelves of stores across the U.S.  Why?  Because I get personal pleasure by seeing technology advance.  Enough about me — let’s talk about you and why you are here.

Too much can go wrong from the exciting day that one files a patent application to the day it is issued, and it is important for every inventor to be aware of pitfalls that can catch them offguard and appear to devalue their patent.

1) Patent trolls will start calling.

2) Companies to whom you show the idea might steal it from you.

3) You might try to license the patent to a company who does not take you seriously.

4) You might try to manufacture your product and find the costs to be prohibitive.

5) Your product might injure or kill someone.

If you believe that we can be of assistance to you, or if you would simply like to know how we can be of service, please feel free to click on the “Book Now” button below and schedule a phone consultation with someone from our firm. We would be happy to speak to you about your idea, and even if you choose not to use our services, we are honored to be of assistance.

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WHEN PATENT TROLLS CALL YOU

In Patent Trolls, Patent Valuation, Sale of Company on November 19, 2012 at 4:59 pm

1) Patent trolls will start calling.

Patent trolls are enterprising individuals who seek to purchase quality patents for pennies on the dollar with the sole purpose of suing everyone they can. The product never ends up on the shelf, and the inventor loses out on the value that has been stolen from them. The patent troll reaps a windfall, and the patent owner ends up with pennies and a wasted dream.

Now that your patent has been issued, expect the phone to begin ringing.  And, be prepared to have good-sounding people tell you that your patent is worth little-to-nothing.  Quite frankly, if your invention did not have merit, they would not be calling you.

Our goal is to properly value not only your patent, but also to help you value your entire company and its assets. Whether you would like to sell your patent to the highest bidder and cash out, or whether you would like to sell a portion of it and keep a piece of it as a royalty for yourself for the life of your patent, or whether you would like to not sell at all, we can help you understand your options.

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WHEN COMPANIES LAUGH AT YOUR LICENSING ATTEMPTS

In Patent Licensing, Patent Valuation on November 18, 2012 at 5:02 pm

3) You might try to license the patent to a company who does not take you seriously.

Quite frankly, before your patent issues, your idea has no value. Nobody will license your idea from you on a promise that maybe there will be a patent issued. Without the patent that you worked hard to obtain, you have no rights to the exclusivity of your invention, and anyone (even the company you are seeking a license from) can copy your idea with impunity.

If you have already had one or more bad experiences with a company, because you now own a patent, the value of your idea has just skyrocketed. We would be happy to re-approach the company with whom you have had little success in negotiating a license, because we believe that you would achieve a successful outcome now that your patent has been issued.

We would also be happy to help you choose, select, and approach new companies who can benefit from manufacturing your product; by licensing your issued patent to them (in whatever capacity you choose), you benefit by receiving a handsome royalty off of each item sold.

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