Inventions submitted to companies, design companies and patent attorneys – are they all scams?

Watching most Inventor shows on TV, you may see financially on the verge of disaster. You will hear stories one story after another: people mortgaged their second mortgage on their homes, used every dollar of savings, lived in their own car, and was on the verge of bankruptcy. These are taken on the camera. They have thousands of participants, and only a few have done live on TV. Imagine that even a quarter of the auditions and people who are not on TV spend as much money as you see. Another thing you need to consider is that everyone who is not on TV is looking for someone to express their ideas and bring them to market.

There are a lot of inventions coming to the company, and there are more companies that are helping to pay for it, and to promote the enthusiasm of everyone to get rich. Unfortunately, not everyone is putting your best interests in your heart. Some of them are just used to empty your bank account, as long as your check can close the bank, you really don't care if your item is on the market. No matter who you choose to use, they must provide the service and you must pay for each service you use.

If you come to them and say that I have an idea X and want to conduct a patent search, then I want to apply for a patent. I want to make a prototype and send my ideas to the company to get a possible license. They will be happy to do all these things… for a fee. Telling you that your thoughts are stinking is not their job. They are providing the services you request. They want to provide you with the services you want to… but pay.

Think about it this way. If a mowing service company is working across the road from your home, and you go to them and say, “Can you cut the grass?” They are likely to say, “Yes, we can spend X money to do it. This." If you say I want you to mowing every week, whether you need it or not. They will arrange your work as planned and cut grass as needed every week. Because you are a paying customer and ask them to serve you. They also know that if you decide if you need to mowing every week, they will reject you if you need it, and you will find another company that is willing to mowing every week. So, even if you don't need it, can the company not provide you with the things you need?

When you go to the Patent Attorney's Office and say that I want you to conduct a patent search for me based on my ideas, the patent attorney should say, “Have you been to or the patent office website yourself? See if there are other things there. "When you go to a design company, "Can you make this for me with titanium?" Do you want them to say "What are your plans for this? Do you want to see if there are other similar things? ”

When you go to the manufacturer with the designed product, "I want to make 5,000 pieces in red and blue." Do you want them to say: "Unless you can prove to us that these products will be available for sale and you will make money from them, we will not manufacture them for you?"

If that is what you expect to happen, you will be very disappointed because the likelihood of this happening is small. why? Because they are making money in business, they are selling services to you, so you want them to perform a service. Even if they know that you are wasting money, do you feel that doing things according to their requirements is morally wrong. It is not illegal for them to provide services to you. What you need to do is to conduct research in advance and understand the situation as much as possible to ensure that you make an informed decision.

Don't get me wrong, I feel terrible for those who lose their shirts, carry heavy debts, are deprived of property, or are unfortunate because of good fortune. I am trying to make sure you know what you are learning in advance and ask some tough questions to determine if you need them. As I said before, I have a few items on the market. I spent less than $100, never got involved in the patent attorney's office, hired a design company, or contacted the manufacturer to provide me with an X amount. . prototype. Therefore, it can be done.

When you think of a great idea. You need to stop and do this exercise before contacting any company and looking for any service. Take off your Inventors cap and put on your Consumers limit. You can no longer think of your ideas as your thoughts. You must think of it as something you see on the shelf while shopping and spend your hard earned money to buy it. I can't emphasize this enough. You need to really look at your ideas and ask them from a consumer perspective.

• If I saw it in the store, would I really buy it?

• Why should I buy?

• Will one person buy another after buying one? Is your idea a one-time purchase?

• Isn't this something that your family and friends will buy because they like/love you?

• Which companies do you think will sell such items?

• Are there items like yours on the market? If so, what is your situation? Why is sales better than theirs? Are their goods sold in all or just the shelf space?

• Do consumers get your product when they see the product on the shelf without the advantage of making an ad around it?

These are simple questions that you can answer without any effort. If you have more negative answers to these questions than affirmative answers, you will need to reevaluate your thoughts.

As the inventor, you do have the right to cooperate with the invention submission company. Many people are deceived because they don't know the right questions, or what the federal law requires the invention to tell the company to tell you, and then sign them on the dotted line. If they don't want to answer the legal requirements, it will be a huge danger signal for you; if the wallet is intact, flee them as quickly as possible. If they are legal, they have nothing to hide and should be happy to show you their successes and failures. Many success stories are posted on their website for you to view.

The protection of the 1999 American Inventor Protection Act is provided here. Use it. Companies belonging to the Act must tell you the following information before signing a contract to become a customer [rather than after you have spent the money]!

The following are some of the acts and the rights they have. read! This is to protect you!

Note: This is the latest update at this time of printing. You may need to find the current version that can be easily found online. This is only part of the law I am publishing. As I said, you can find the full law online. I think this section will provide you with a good foundation and you can consult the entire current law.

American Inventor Protection Act of 1999

Title four inventors protection

SEC. 4001. Short title.

This title may be cited as the "1999 American Inventor Protection Act."

Subtitle A-Inventor'Rights

SEC. 4101. Short title.

This subtitle may be cited as an "inventor." 1999 Rights Law '.

SEC. 4102. Integrity Invention Promotion Service.

[a] General: Amendment to Title 29 of Title 35 of the United States Code, adding the following new content at the end:

Second 297. Improper and deceptive invention promotion

[a] In general, the inventor is obliged to disclose the following information in writing to the client prior to signing the invention promotion service contract:

[1] The total number of inventions with commercial potential evaluated by the inventors in the past five years, as well as the number of inventions that received positive evaluations, and the number of inventions that were negatively evaluated;

[2] The total number of clients contracted with the inventors in the past 5 years, excluding customers who have purchased trade show services, research, advertising or other non-marketing services from the inventors, or the total number of customers who have defaulted to the invention People pay;

[3] The total number of clients whose inventors are aware of the net financial profit directly obtained by the invention promotion service provided by the inventor;

<39> [4] The direct result of the invention promotion service provided by the inventor is that the inventor’s known total number of customers who have received their invention license agreement;

[5] The names and addresses of all previous invention promotion companies that the inventors or their officials collectively or separately belonged to during the past decade.

[b] Civil Litigation – [1] Any Client Inventor [or the Inventor's Initiator] who has entered into a contract with the Inventor of the Invention and has been found guilty by the Court to be harmed by any materially false or fraudulent statement or statement or any material omission. Any agent, employee, director, manager, partner or independent contractor, or because the inventor’s failure to disclose such information as required by paragraph [a] may be reinstated in civil proceedings except for reasonable expenses and In addition to the lawyer, the fee should be directed to the originator of the invention [or the manager, director or partner of the inventor] –

[A] the amount of the actual loss suffered by the customer;

[B] At any time prior to the final judgment, at the customer's option, the total amount of statutory compensation does not exceed $5,000, which is the court's opinion that compensation is fair.

[2] Notwithstanding subsection [1], the court found that the inventor deliberately misrepresented or omitted important facts from the client, or deliberately failed to disclose such information as required, subject to the burden of proof by the client. Paragraph [a], the purpose of which is to deceive the client, and the court may consider the previous complaint against the originator of the invention to increase the compensation to no more than three times the amount of the award, which resulted in regulatory sanctions or other corrective actions based on the following aspects: : Records compiled by the Patent Director in accordance with paragraph [d].

[c] Definition – For the purposes of this section-

[1] “Invention Promotion Service Contract”; refers to the contract that the inventor of the invention provides the invention promotion service to the customer;

[2] 'Customer' is an individual who enters into a contract with an inventor for invention promotion services;

[3] The term "invention promoter" means any person, company, partnership, company or other entity that is willing to provide or perform on behalf of a customer to perform or perform an invention promotion service, and to provide such advertisement by placing advertisements on any mass media. Service to maintain its status, but does not include –

[A] any department or agency of the federal government or state or local government;

[B] any non-profit, charitable, scientific or educational organization that complies with applicable state law or is described in accordance with section 170[b][1][A] of the Internal Revenue Code of 1986;

[C] participate in an assessment to determine the commercial potential of a utility model patent or a previously submitted non-provisional utility model patent application or any individual or entity that proposes permission or sale;

[D] participate in any party involved in the sale of a company's stock or assets; or

[E] any party directly engaged in the retail or product distribution business; and

[4] The term "invention promotion service" means the development or marketing of a product or service invented by the customer for the client, company or other entity that purchases or attempts to purchase.

[d] the record of the complaint-

[1] Issuance of Complaints – The Patent Director shall publicize all complaints received by the Patent and Trademark Office concerning the originator of the invention and any response from the inventor. The Patent Commissioner shall notify the inventor of the complaint and provide a reasonable opportunity to respond to the disclosure of such complaint.

[2] Complaint Request – The Patent Director may request a complaint from the federal or state agency regarding the invention extension service and include such complaint together with any response from the originator of the invention in the records maintained in paragraph [1]. '.

[b] Compliance Amendment – Amendments to the table beginning at the beginning of Chapter 35 of Title 35 of the United States Code, with the addition of the following new items at the end:

297. Improper and deceptive inventions. '.

Let me be clear, the inventor has the responsibility to check out the company before using it. As I said, there are a lot of good legal inventions submitted to companies, design companies and patent attorneys. You only need to be very careful and thorough when choosing one, to determine if you need their services and to understand the benefits you have earned. If you close your eyes, the wallet is open and there is a high probability of getting in.