Owning a home is part of the American dream and something that everyone should be able to accomplish. People used to think of buying a home in their 40s and 50s when they had enough savings and disposable income to afford it. Gradually the trend started to drift towards people buying home after spending a few years in their career field. Provided that they saved enough money for a down payment and had a decent credit rating.
Though due to the economy, loss of income, or poor credit ratings people started to not be able to own a home and ended up renting.
To maintain the American dream people came up with an original way to combine renting and and owning a home. This is process of buying a home is referred to as rent to own homes. It works by allowing the rent you pay for your home to be applied towards the selling price of that home, also known as a rent credit. Once the buyers have had a chance to clean up your credit, paid the price down far enough to get a loan approved, or saved enough money to make a sizable down payment you have the option of purchasing the home.
Not only is this a pocket friendly option for the new generations seeking to purchase a home of their own it also is a safe way to find the perfect home without getting a mortgage immediately. Also, the amount invested by you in the property should give good returns as the property values increase and but also offers a safety net if they don’t because you always have the option to not purchase the home.
When choosing to buy a home through a rent to own contract you might be relieved by the idea that you have typically three years to come up with the money to buy your home, your credit score does not have to be perfect and that as you live in the house a portion of your rent will go towards the payment of the house. While this sounds infallible, it is essential that you carefully look over your contract before you sign it and realize that some homeowners may be hoping to take advantage of your situation.
The contract may be 10+ pages and your eyes might be growing weary from technical style but it is important that you read and understand every part of the lease. This is because even minor details could cause you to lose your home and your invested money. With this in mind, make sure you know and understand everything in the contract that could lead to eviction, such as unpaid pet deposits or roommates living in the house that are not on the lease.
As you know, many states have suffered from a poor housing market and many families continue to lose their homes. This is good reason to be wary before signing a rent to own contract. If the seller’s home is under foreclosure you could lose everything you’ve invested in the house. Because of this, make sure the seller provides you with proof of current mortgage statements and payment information. Another thing you can do is require the seller to send you proof of your payments each month in your contract. This will be proof that the seller is using your money to make payments on the house and not pocketing it.
You do not want to sign a rent to own contract without ensuring that everything in the house is in working condition. This is because some sellers will try to get you to sign the contract and then name you responsible for making all repairs, even for pre-existing conditions. If something is not working in the house, require the seller to fix it before you sign the contract so you won’t get stuck with the bill.
This step is highly recommended because lawyers are trained to read documents and contracts to catch loopholes or contradictions. While it is important for you to look over your contract carefully and read through the entire thing, a second opinion could save you from an unfair agreement and a loss of money.
Whether you are a buyer or a seller, a rent to own home may seem like your best option. For buyers, renting to own means you will have a better chance at buying a home even if your credit score is bad. You will be able to live in the house during process, which is an average of three years. For sellers, you will have more time to sell the house without paying double mortgages. However, the most important factor when choosing to rent to own is to create and agree on a thorough contract to avoid any loopholes or misunderstandings.
When choosing the price of the house, the buyer and seller must agree on a price. Once that price is in the contract it cannot be changed unless the buyer’s lease is up and the buyer chooses not to buy the house. This means you must take into consideration the trends of the housing market and prices of houses in similar neighborhoods to yours. This is a gamble because as housing prices rise or fall the price you choose for your house will remain the same.
In rent to own homes – an option fee is a portion of money paid that goes toward the down payment of the house if the buyer chooses to buy the house at the end of the lease. If the buyer gets evicted, cannot afford to buy the house or chooses not to buy the house when the lease is up the option fee is profit for the seller. The rent premium is the rent per month plus an extra fee that goes toward the down payment of the house. Buyers must carefully make sure these fees fit into their budgets before agreeing to them because if a payment is missed they could be evicted.
After deciding on the money aspects of the deal you will need to come up with a contract that includes this information as well as stating that the buyer/tenant has the option to buy the home at any time before the lease expires.
Because the buyer is a tenant until the home is purchased, the seller is responsible for fees such as homeowner’s insurance and real estate taxes. However, the seller can decide the terms of the lease and decide whether or not the buyer is responsible for lawn and pool care and general upkeep. The seller must also come up with house rules and reasons for eviction. This is necessary so that the buyer/tenant can be evicted if she violates the law or severely damages the property.
Before you sign a rent to own contract you may wish to have a lawyer look it over to determine whether or not the contract is reliable. This is recommended for both buyers and sellers in order to avoid bad situations such as inability to evict an unlawful tenant or unfair eviction of a law-abiding tenant. The goal is to create a successful situation where a buyer can buy a house and a seller can sell a house.
If you are new to this subject and want to start from the scratch, it is advisable first to read as much as possible on dating. Internet provides you with access to many websites that compile lists of dating websites along with short descriptions of what each site has to offer. Most of the time, they are also accompanied by reviews and comparisons too. These instructions are to be had for both free dating sites and other websites. It pays to sharpen your knowledge about how dating websites operate before you take the plunge.
When you are ready with enough know-how on dating online, select a website that provided those services free or for a fee. The free websites, clearly, have lesser number of members and attractions than the paid services have. Hence, the paid dating websites give you more parameters to narrow down your search for the ideal date you have in mind than the free dating websites. In spite of everything, it could be your other half you may discover in the end.
Another remarkable feature about dating websites on the internet is the availability of specific websites for daters who are particular about their specific needs and wants. Some guides have directories compiled of such dating websites so that the prospective dater could avail himself of such information to suit his needs. Several such sites are identified by names such as Christian dating sites, UK dating sites, Single parent dating sites and Adult dating sites.
Last but not least, let me warn you, however. The Net is reputed to be full of crooks who are ready to pounce on the unsuspecting users. Therefore, every precaution should be taken not to fall prey to such scammers. Simultaneously, refer reading materials that impart hints on things-to-do prior to casting your lot with dating websites. Prevention is better than cure, they say.
There are two types of claims that will be found in a patent:
and dependent claims.
Independent claims are claims that stand by themselves and comprise a set of limitations (or elements) that define the scope of an invention.
Dependent claims are those claims that include all the limitations of a particular independent claim but also add one or more additional limitations. They do not stand alone and always reference another claim.
A typical issued patent usually has 1-5 independent claims and 0-30 claims that depend from one or more of the independent claims. There is, however, no limit to the number of claims that may be included in a patent application or a patent, although only 20 claims, of which three can be independent, are provided for with standard filing fee. Additional fees are assessed for a total number of claims in excess of 20 or independent claims in excess of three as explained on https://www.glassdoor.com/Reviews/InventHelp-Reviews-E152162.htm.
Practically, a patent examiner will limit an inventor to claims related to a single invention, so patents rarely issue with more than 30 claims. Since 20 claims are included with the basic filing fee, only in very rare circumstances should an application be filed without 20 claims.
Further, if a fraction of the twenty claims are allowed by the patent examiner during prosecution, your patent attorney should request that he be allowed to add dependent claims to the allowed independent claims until the maximum number of 20 is reached as shown on https://blogs.cornell.edu/react/inventhelp-taking-inventions-from-paper-to-the-global-marketplace-hinges-on-usp/. This will not always be possible but it is almost always better to have a patent with more claims rather than less.
Patent searches are a vital step in the invention process. There are several types of searches – The type that the inventor will usually want to do first is a patentability search to determine the chances of the patent office granting a patent on the invention. A second type of search that is important prior to introduction of a new product is an infringement search and opinion.
Prior to investment of substantial money in filing patent applications and commercialization of a product it is useful to have an experienced patent searcher perform a more extensive search. Due to the complexities of the patent law, it is always advisable to have a patent attorney or a patent agency to provide the final opinion as to patentability or infringement issues as written on https://kulturehub.com/inventhelp-support-inventors/.
USPTO Patent Databases- It has become much easier to do at least a casual patent search since the United States Patent and Trademark Office (USPTO) has placed online the full text of U.S. patents. The patents issued since 1976 are searchable in their full text, while patents issued prior to 1976 are only searchable by patent numbers or by the current patent office classification system.
The full text of the patents issued since 1976 are available both in full text (without drawings) and in patent images (with drawings). It is necessary to download and install on your computer a software plug-in, in order to view these patent images. A disadvantage of this software is that you can only view one page image at a time, greatly lengthening the time to print the patent.
It is still possible to do an old fashioned search through paper patents. The best place to do this is at the US Patent and Trademark Office in Arlington, Virginia. The main advantage to the USPTO’s collection is that it is arranged by technologies in the US classification system. It can be easier to compare several patents when you have the paper in front of you vs. the electronic systems where you can view only one page at a time online.
In addition, there is at least one patent depository library in each state. These libraries are usually part of a large city or university library and contain large collections of U.S. patents (at least the last 20 years and usually more). It is necessary to use electronic tools to find the numbers of the patents in your search at such libraries and then to look up the patents on microfilm. Follow https://twitter.com/inventhelp to get the latest news about patents and patenting process.
Product design is the most important thing for inventors to focus on as they work to turn their ideas and patents into actual prototypes. Product design is the determining factor in the success, or failure, of a product and idea.
Product design focuses on the look, feel and actions of the actual prototype. Inventors need to focus on every single aspect of their product design. Each and every angle of the product design should be reviewed, as each piece needs to operate correctly and efficiently.
There are three main aspects to consider with product design: function, exterior design and testing as explained on https://www.techtimes.com/articles/249715/20200518/how-inventhelp-gets-new-inventors-onto-the-right-path.htm.
The first thing an inventor should focus on is the function of the prototype. An inventor needs to understand how the prototype is supposed to work and the parts necessary to make it function. This aspect of design will help manufacturers and builders understand how all of the parts of the prototype work together.
The second thing an inventor should focus on, in terms of product design, is the external design of the prototype. A product needs to look good, as aesthetic features can often be as important as function. Inventors need to work to create an external design that is both pleasing to the eye and able to handle the various functions of the prototype.
Finally, inventors need to test out their prototypes. They need to test the product design for functionality, working to see if the design actually achieves the desired result. Inventors also need to test external design by asking individuals how they feel about the overall look and feel of the product.
Inventors may not be able to handle all of this product design on their own. Professionals can be hired to create the external design, internal function and testing portions of overall product design as you can read from https://www.valuewalk.com/2020/05/medical-invention-covid-19/. These professionals can give your prototype the best possible chance at success.
As you work from your basic invention drawings towards the prototype, keep a thorough written log of your activity. The importance of a written record comes in handy throughout the prototype phase just as it did during the initial drawing and conception phases of your invention. During this time, it will serve as a troubleshooting device as much as a tool to help you to protect your investment. Without having written records, you could be putting your investment in jeopardy in any number of ways.
Now that you have a great idea worked out on paper, get it into the prototype phase. Use a journal or log, in paper. Title it your Record of Invention. And, just like the name states, this is your written log of what is happening and your record that you invented it. Nothing is more important during the invention and prototype phase than this written record as seen on https://www.youtube.com/user/inventhelp. Here are some tips for making sure that your written records will stick.
Make sure that it is on paper, not just an online journal. These can be faked and anyone can access it. You need it to be written on paper and in ink. This will give you the best overall protection in a legal court, too.
Be sure that it includes a very comprehensive description of the prototype. Everything that you have worked hard on should be included in your log. Without it, you are risking not having enough information.
Date every entry that you make. You will want to make a dated entry anytime that you work on your invention and the prototype. For example, you will want to document what has been done, who did it, what changes it made and the success or failure of the changes if realized. This will help protect you, too.
Sign your log. What if your prototype made it to the design company and you left your log sitting on the table prior to leaving, without any identification on it. Anyone that is less than trustworthy could pick it up and claim the entire invention as their own. Instead, be sure that there is a signature throughout your log.
Have someone else sign it, too. A partner, investor or other individual should serve as your witness throughout the process. This will give a record of the time line and help to show that the book is in fact your own.
Perhaps the most important thing to remember about the prototype process is getting protection for yourself throughout it. You do not want to have your invention, blood, sweat and tears to be taken out from under you. Instead of doing this, insist that anyone working with you sign a confidentiality agreement. If you work with a design firm to design your prototype, all of the individuals working on it must sign one of these to protect you from any potential problem later. This can prove to be one of the most valuable parts to the process as discussed on https://www.tmcnet.com/topics/articles/2020/03/24/444881-everything-need-know-inventhelp.htm.
Provisional patent applications (also called PPA), are a cost saving advantage over other costlier patent applications. A provisional patent application gives an inventor one year to file a non-provisional patent application, and claim benefit of the filing date of the provisional patent application.
By filing a provisional patent application, an inventor can label an invention as “patent pending,” and explore whether filing a non-provisional patent application is a good idea. A non-provisional patent application can claim priority to the filing date of a PPA only if it complies with the legal requirements as you can see on https://www.jpost.com/Special-Content/Get-Your-Invention-Off-the-Ground-with-the-Support-of-InventHelp-624132.
It is thus vitally important to ensure that a provisional patent application fully describes all features and benefits of an invention, and additionally explains how to make a working version of the invention. A common misconception is that a provisional patent application is always a “quick” patent application.
While less time is spend drafting claims and providing alternative forms of the invention, a provisional patent application must describe all of the features and benefits of an invention to allow subsequent patent applications to claim the benefit of the priority filing date of the provisional patent application. A provisional patent application is not examined by the USPTO, and a patent will not issue from a provisional patent application.
A reasonably priced law firm charges approximately $1500 (plus USPTO filing fee for a small entity of $80) for the preparation of a basic provisional patent application. For more information about patenting an invention or an idea visit https://spacecoastdaily.com/2020/03/inventhelp-the-way-forward-for-new-inventors/.
A website generally can not be patented. More typically, a copyright is used to identify a website and its content as the original work of its creator.
Nevertheless, specific aspects, including the layout of features on a webpage, can be the subject matter of either a utility patent or a design patent. A new idea (more accurately termed an invention) for websites and website features must be novel and not obvious. An essential step is to conduct a search of the internet itself for the same “idea” as explained on https://openlab.citytech.cuny.edu/gotconcept/elon-musks-greatest-inventions/.
A website that performs a task is patentable.
In order to obtain a valid United States patent, the claimed subject matter must be new, useful and non-obvious. In theory if your website meets these statutory requirements, it can be patented. It will depend on the specifics. Most of the time there is a lot of intellectual property that goes into any website – and much of it is subject to protection by tools other than patent.
When looking at what goes into your website, a simple way to classify the intellectual property (IP) is to group it as “content”, “identity” and “technology”. The IP directed to content – images, text, sound recordings etc – is usually protected by copyright. The IP directed to identity trade names, slogans, tag lines and trade symbols-is generally subject to trade mark protection. The IP related to technology – software programs, business methods etc. – is can be subject to patent protection.
The best advice in this situation is to discuss this with your patenting agency, like InventHelp, or an IP attorney as the right answer in situations like the one posed by this question very fact-dependant.
Technology is growing at a staggering rate and there are new technologies and inventions being discovered daily. That said it can be difficult to keep track of all these inventions and technologies being created. Even if the product or idea has not been created yet, it could already be in the process of being invented as inventions take years to be created. This is due to the fact that it takes a lot of research and development before a certain product can be created and then released onto the market.
Patent Companies have the opportunity to invest in these creations or ideas. The reason behind the investments from companies is to eventually start making a profit off the idea once it has reached the market. A patent map helps the companies or investors to see if this idea is worthwhile or not. A patent map is an illustration which shows in which areas a certain field is lacking. Say for instance your invention idea has to do with the information technology field, the investors which you approach with your idea, will then have a look at a patent map in order to determine whether your invention is in a field that is lacking in this certain sector.
After they have determined whether your idea fits into the criteria of the lacking field or not, they will then make a decision based on the viability of your idea. This means that they will either invest in the product if they believe that it is worthwhile or they will not invest for the reason that your idea fits into the bracket of the saturated market. However their decision will not be solely based on the patent map. There are also other factors that will determine whether they decide to invest or not.
Other factors that will factor into their decisions include; market projections, market projections help these investor companies to decide whether there is a market for this product or not as described on https://southfloridareporter.com/how-inventhelp-can-assist-with-new-invention-ideas/. Profitability, as most things nowadays, the decision revolves around money. These companies want to know that the money they invest in certain project will give them a return or not.
A search is typically conducted to determine whether or not an idea has already been patented. It includes reviewing the existing patents relating to the idea of interest.
Although patent search is not required by law, it is very useful for several reasons.
It gives information on what is already patented and to determine the chances of getting a patent on your invention idea.
It may locate patents that may potentially be used by the U.S. Patent and Trademark Office to reject your invention. An experienced patent attorney can assist you in writing an application around these to improve your chances of getting a patent, and/or advise you how to avoid infringement.
A write-up of your idea, including:
Patent law has rules that govern who may actually apply for a patent. According to it, only the inventor of the creation is allowed to apply to patent it. This however is not stringent as there are a number of exceptions to it. Nevertheless, if one is to apply for a patent and it is later discovered that they are not the inventors of the product, the patent will be revoked.
In addition to this, any individual who falsely claims to have invented something and went ahead to patent it, is liable to face legal action as explained in https://www.macobserver.com/why-turn-to-inventhelp-with-your-tech-invention-idea/ article. Here are the numbers of exceptions that can be considered when it comes to who may apply for a patent.
There are several situations that may make it impossible for the inventor of the product to apply for a patent. For one, the inventor could have died before patenting their creation. In this case, the application for a patent can be made by some legal representatives of the deceased inventor.
These legal representatives include the administrator or the executor of the deceased estate. Another scenario that may make it impossible for the inventor to apply for a patent would be if the said inventor has gone insane. In this instance, the legal guardian of the inventor can go forward and submit an application for a patent.
Lastly, the inventor of the product may decide that they do not want to apply for a patent. There can also be a situation where the inventor may go missing and an application for a patent has not been submitted. In these instances, a joint inventor of the product can go ahead with the application process.
If there is no joint inventor, then an individual who has a proprietary interest in the product and can prove as much can go ahead with the patent application process.
In most instances, inventions tend to be a joint effort by two or more people. In these cases, it would not be fair to allow only one individual to apply for the patent of the product. Patent law allows for joint investors to all take part in the patent application process. You can find more details about it from https://azbigmedia.com/business/why-new-inventors-turn-to-inventhelp-for-support/.
However, someone who is providing financial assistance to aid in the creation of the invention is not considered to be a joint investor. The joint investors should all have had a hand in coming up with the concept of the invention as well as bringing it to fruition.
The one thing that people don’t realize about gold IRA investing is that it’s truly going to give you the opportunity to enjoy your retirement when that part of your life comes into being. The reason I say this is because investing in gold is going to give you the chance to really let your retirement account grow at a rapid pace instead of letting it stagnate the way it’s been for so long right now.
I know a lot of you probably got really scared in 2008 when your retirement accounts started disappearing and losing a lot of money. If you had been gold IRA investing at that point your retirement account would not have taken a hit at all, and as a matter of fact it would have grown tremendously because when the market crashed the gold market went through the roof at that point.
So not all investments are horrible when things are going wrong, and gold IRA investing is actually the type of investment that is perfect during a struggling economy. Gold continues to rise during this type of down economy because of a lot of economic indicators that keep people interested in buying gold. So investing in this commodity right now is a good thing because our world economy is going to be struggling for quite some time since there is no real plan in place to correct it.
I know a lot of people don’t like to hear that, but it’s the honest truth and you need gold IRA investing covering your back so that you can be prepared for all of the negative things taking place right now. I truly want you to be able to enjoy your retirement and really live a good life after working so long to save up your money. And this is one way that you will actually be able to do that, so I hope you recognize that while it’s still a good opportunity.
So speak with your financial advisor about gold IRA investing as soon as you can. Or look into setting it up yourself because it’s not that difficult to do.
IP rights can be used “offensively,” allowing the company to control who, if anyone, uses its creations, technologies or ideas. Being able to control the use of a desirable creation or innovation means that the company can charge more for its products than products which lack the innovations.
Alternatively, the company may opt to license its ideas to competitors, either for a fee or in exchange for the right to use some desired technology belonging to the competitor (a “cross-license”). For smaller companies, offensively exploiting IP assets to their fullest monetary and competitive potential often can mean the difference in the long run between success and failure on the bottom line.
Second, acquiring and maintaining a portfolio of IP assets can have a “defensive” value as well. Having patents on a particular technology, for instance, often may help insulate a company from accusations of infringement by a competitor holding patents on related technologies. If the smaller company is able to secure patents on its technology, it will often be a much less attractive lawsuit target by bigger competitors.
Conversely, if left unprotected, the smaller company may essentially be inviting infringement accusations from those which have IP on related concepts or technologies and you can read more about it on https://www.crunchbase.com/organization/inventhelp. Even if defensible on the facts, wily competitors know that patent litigation is one of the most costly types of lawsuits and can quickly drain a smaller company of vital resources.
Having a portfolio of IP assets both helps deter competitors from pursuing otherwise questionable claims of infringement, as well as providing the smaller company with “bargaining chips” (cross-licensing, etc.) to use in settling lawsuits.
In an industry where joint ventures, investment capital influxes, mergers and acquisitions are commonplace, IP assets have a transactional value as well. In the manufacturing sector, an IP portfolio is the recognized way of identifying and valuing a company’s assets. In a smaller company, these intangible assets are often more valuable than a company’s “hard” assets, and are thus critical in terms of obtaining financing or enhancing a small company’s merger or acquisition value.
Investors look for companies with income streams and/or defensible market positions. A great deal of emphasis is thus placed on the IP portfolio as a clear and concise delineation of a business’ underlying technology and it attendant ability to secure those positions and generate the desired income stream.
Investing in the development of new ideas can be a smaller company’s most valuable means of competing in an already competitive industry. However, without corresponding protection and leveraging of the creations and innovations which result, such efforts far too often are wasted.
Actively pursuing and protecting IP assets is critical to the success of a smaller company in the industry, as is being careful to avoid infringement of its competitors’ patents, trademarks and copyrights. Failure to do either can devastate a company.
Although the downside of failing to incorporate IP planning and leveraging is potentially catastrophic, smaller manufacturers in this industry also stand to potentially gain the most through strategic IP acquisition and management as you can see from https://openlab.citytech.cuny.edu/gotconcept/the-next-big-thing-in-invention/.
As larger manufacturers already fully realize, it is critical to understand the rights available to protect new ideas and innovations and to continually evaluate how to maximize the advantages (both offensive and defensive) that such assets provide. Without a coherent plan to acquire, manage and protect its IP, a small company in this industry will always be, at best, a small company.