Posts Tagged: "Invention Promotion"

FTC wins preliminary injunction against operators of World Patent Marketing

At the request of the Federal Trade Commission, the United States District Court for the Southern District of Florida has issued a preliminary injunction against World Patent Marketing, an invention promotion company the FTC has charged with being nothing more than a scam. “The record supports a preliminary finding that Defendants devised a fraudulent scheme to use consumer funds to enrich themselves,” concluded United States District Judge Darrin P. Gayles. “Accordingly, the Court finds a preliminary injunction is necessary to maintain the status quo pending a trial on the merits.”

How to Find Valuable Invention Services

Several years ago I was speaking to an inventor group about carefully selecting who they work with so they work only with reputable companies. At the time one particular invention promotion company, as near as I could tell had a remarkably low success rate. This company reported their successes all-time and reported the number of clients over 5 years, making it impossible to know what the success rate actually was. At best the success rate was approximately 1 in 2,700, but likely was much worse. I asked the room full of inventors this simple question: If I told you that only 1 in 2,700 inventors would ever succeed how many of you would be convinced that you would be the 1 and not the other 2,699? Virtually everyone raised their hand. That eternal optimism is wonderful, but it also contributes to getting taken advantage of by those who make money by telling you your invention is wonderful when that really isn’t the case.

Ethics & OED: Practitioner Discipline at the USPTO April/May 2012

What follows are the decisions from April and May 2012. In this time period in 2012 at the OED the Office found themselves dealing with a patent attorney that accepted referrals from an invention promotion company, a patent attorney that didn’t notify a client of an abandoned application, a trademark attorney that submitted false statements in three petitions to revive abandoned applications and a reciprocal discipline involving negligence associated with maintaining a Trust Account.

Invention Services: Finding Valuable Services & Avoiding Scams

But surely inventors, who are very smart people, could resist the advances of the unscrupulous, right? While that is what you might expect, my experience tells me otherwise.  Aside from the conditions being right (i.e., being told the invention is brilliant, etc.), most inventors tell me that even if they were told that there would be only 1 success out of 3,000 inventions they would be utterly convinced that their invention would be that success.  I have asked this question many times at presentations, the answer is always the same, and while on one had you have to love the optimism and tenacity, this is the final ingredient that leads so many to the doorstep of the unscrupulous.  Even with perfect knowledge and information many will still make what many would characterize as a bad move.

Hook, Line & Sinker: USPTO Warns About Invention Scams

On Thursday, November 4, 2010, I attended the 15th Annual Inventors Conference at the USPTO.  In my article Reporting from the 15th Annual USPTO Inventors Conference I discussed the morning sessions and lunch speaker, for day one of the conference.  After lunch, and a panel discussion of the morning speakers, the attendees of the conference went into two sets of…