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Read Ebook: Artificial Fire-Works Improved to the Modern Practice From the Minutest to the Highest Branches by Jones Robert
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Ebook has 31 lines and 1897 words, and 1 pages
DEMAND FOR INVENTIONS OF MERIT. PAGE Monopoly in Patents--Industrial Progress Based upon the Patent System 9-12
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
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
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
HOW TO CONDUCT THE SALE OF PATENTS.
Value of Personal Influence--Personal Solicitation Advisable--Selling Outright--Assigning an Undivided Interest--Dividing a Patent into Different Classes of Rights--Granting Licenses--Placing upon Royalty--Manufacturing and Forming Companies--To Organize Stock Companies--Trading as a Last Resort 55-72
CANADIAN PATENTS.
About Canadian Patents--Selling Canadian Patents-- Population of Canadian Cities 73-78
DECISIONS AND NOTES.
Assignments--Territorial Grants--Licenses--Patent Title--Rules of Practice--Assignments--Assignees-- Grantees--Mortgages--Licensees--Must be Recorded-- Conditional Assignments--State Laws on Selling Patents 79-91
THE TRANSFER OF PATENT RIGHTS.
Assignee, Grantee, and Licensee Defined--The Language of Law--Assignment of Entire Interest in Letters Patent--Assignment of an Undivided Interest--Grant of a Territorial Interest--License; Shop Right--License; Non-exclusive, with Royalty--License; Exclusive, with Royalty 92-105
TABLES AND STATISTICS.
Map of the United States--Official Census of the United States by Counties for 1910--Population of Cities of the United States--Number, Acreage and Value of Farms, by States--Table of Occupations 106-141
INDEX 142-146
DEMAND FOR INVENTIONS OF MERIT
That there is a demand for inventions of merit which can be readily disposed of at a reasonable profit to the inventor, there can be no doubt. There perhaps never was a time in the history of our country when the demand for meritorious inventions was so great as the present. The conveniences of mankind, in all his varied vocations and callings, require continual changes and improvements in the apparatuses and implements used in order to save time, labor, and expense, and to keep pace with the never-ceasing progress of civilization.
At no time in the past has there been so deep an interest manifested by the public generally in the inventions of our bright-minded men and women, and at no time has capital been more readily interested and ready to invest in any practical improvement which can offer a fair chance of monopoly under the patent laws.
Every well-informed person knows that a monopoly is the desideratum of business men. The monopoly or protection of an industry afforded by the patent laws is, perhaps, the one monopoly that directly benefits the world. Were it not for the protection and monopoly offered inventors by governments, for a certain number of years, to disclose their inventions, inventors would simply keep them secret, or if used at all, would do so only in such a manner as would prevent the world at large from learning of or utilizing them, thus debarring the public as a whole from their benefits. This monopoly in patents has had much to do with the material progress of the world during the century just ended.
Anyone having a monopoly of a good trade article is assured of a fortune. If capitalists and manufacturers can secure the control of any new invention of merit for their sole use and purposes, which can be manufactured and sold more cheaply than those now on the market, and which will perform its work in a quicker and better manner than the devices now in use, they will be only too willing to pay patentees handsomely for patents covering such inventions.
There are numerous staple articles of commerce whose manufacture is open to all, and which every mercantile house in the country is handling at a profit, notwithstanding the great number engaged in their manufacture and sale in every section of the country. Now, if there can be supplied some better or cheaper article in any line of industry, the firm or person who secures the monopoly of its manufacture and sale, simply controls the market, and human endurance and energy are the only limits to the degree of profits such a firm or person can secure from the manufacture and sale of such an article, if adequately protected by a valid patent.
In an official report the Commissioner of Patents clearly sets forth that from six to seven eighths of the entire manufacturing capital of the United States is either directly or indirectly based upon patents. This vast amount of money, upward of six thousand millions of dollars, continually employing great armies of people, in industries based upon patents of every class, supplies the country with improved articles of every description. It has been well said that, "Patents and trade go hand in hand."
The largest and most opulent manufacturers in the country will be found to be the heaviest owners of patents, developers of inventions, and patrons of the Patent Office. While all inventions are not telegraphs, telephones, sewing-machines, or electric lights; nor can all business houses be Westinghouses, Hoes, McCormicks, Bells, or Edisons, yet all over this country, and others as well, there are springing up a great number of moderately large growing firms who, ever on the alert for success, devise or secure control of some valuable patent, by which they can successfully invade and control to a certain extent particular lines of industry.
Nearly every leading factory in the world owes its commencement and success to the prestige and protection afforded by the possession of a good and valid patent.
INCOME FROM INVENTIONS
It has been aptly said that the products of all the gold, silver, and diamond mines in the world would not equal in value the annual income of American inventors. It has been carefully estimated that there are at least fifty patents in the United States which yield over ,000,000 annually, some 300 that yield over one-half million, from 500 to 800 which bring from 0,000 to 0,000, and between 15,000 and 20,000 that bring over 0,000 annuities. Besides these, there are thousands upon thousands of patents which yield yearly more profit to their fortunate possessors than could be accumulated in a lifetime by a wage-earner.
There are thousands of patents sold outright every year by the patentees of the United States for thousands of dollars; and, to the already long list of successful inventors, each year adds many more, who have become independent through the proper handling of the product of their ingenuity. Indeed there can hardly be conceived a quicker way for the average person to attain independence and wealth than by inventing something of real worth and merit that can be quickly turned into money. The inventive field is large, and each invention opens up a new field for improvements, and it is the "improver," without question, that reaps the greatest benefit from any invention. Owing to the ever forward progress of civilization, there is no limit to the possible improvements in the sciences, arts, and manufactures.
It must, however, be borne in mind that all patents are not remunerative, neither are all gold mines productive of fortunes, and one may lose money in patents as well as in any other business. There are thousands of patents, many having merit no doubt, which have never been sufficiently brought before the public to test their merits, effect their sale, or manufacture; this in many instances is owing to incompetency, or bad management on the part of the
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