Frequently Asked Questions (FAQ) About Expired Trademarks and Patents

Q:
How can I profit from information about expired and abandoned patents?
A:

The patent laws provide a patent owner with a monopoly on a patented invention for the life of the patent. After the patent expires, or is irretrievably abandoned, anyone may use the invention that is claimed in the patent.

Expired IP's newsletter and searchable database are the only means of easily and quickly reviewing detailed information regarding expired and abandoned patented inventions and processes that now may be available for use.

Information about expired and abandoned patents is extremely valuable to entrepreneurs, established companies and the attorneys and other professionals representing them. They can discover products that in some cases already have a well established market. Similarly, they can profit from previously patented inventions that might not have been effectively marketed and sold in the marketplace. They also can take advantage of formerly patented inventions that now are available for use in their own existing products or services.

Attorneys and other professionals can benefit from Expired IP's abandoned patent information in several ways. First, Expired IP is an inexpensive back-stop for patents under their care which unintentionally might have been abandoned. Second, Expired IP presents attorneys and other professionals with marketing opportunities to prospective clients, such as those at risk of losing valuable patent rights. Third, Expired IP's newsletter can alert attorneys and other professionals to just expired patents on products that continue to be sold in the marketplace, still bearing the expired patent number, thereby avoiding litigation liability.

Q:
How can I profit from information about abandoned trademarks?
A:

Trademarks are abandoned for a number of reasons. Companies that own trademarks may go out of business, or no longer may use a particular trademark. In those cases, the abandoned trademark can be obtained and used in the same or similar classification of goods or services as the original owner used the trademark. Those marks often have established goodwill and name recognition. We've witnessed numerous examples of companies registering a formerly abandoned trademark for use on their own products to take advantage of the mark's established goodwill and name recognition. Imagine the value of that opportunity to the new trademark owner!

Among other benefits, abandoned trademarks also can be a great source of ideas for names, logos or slogans that may be used in conjunction with other, non-trademarked goods or services.

Attorneys and other professionals will benefit from a daily review of the detailed listings of abandoned trademarks which are revealed in Expired IP's daily newletter. That review provides a layer of malpractice protection to ensure that the portfolio of trademarks under an attorney's care are not abandoned, allowing an attorney the opportunity to quickly reinstate the mark. Likewise, attorneys and other professionals interested in marketing to a prospective client would have no better reason to contact the client than to rescue the client's abandoned mark. The possibilities are endless!

Q:
Why should I use Expired IP for information about abandoned trademarks, and about abandoned and expired patents?
A:

Entrepreneurs and attorneys want to be alerted to existing, valuable, patented technologies that now are available for use because the patents have been abandoned or have expired. Likewise, entrepreneurs and attorneys want to be alerted to the availability of abandoned trademarks which may have established good will and name recognition.