Notes
Outline
Oklahoma Inventor’s
Assistance Service
February 9, 2000
Inventor Fraud Is Big Business
25,000 inventors per year for up to $10,000 per year per inventor
FTC estimates that the number of victims is in the TENS of thousands
Goals
Educate the inventor
Learn warning signs
Locate resources
Don’t Be A Target
Take control
Government support
Network
Learn the facts
No Name Calling
Companies may be legal, but still unethical
Impossible task
False sense of security
Slide 6
Calculate Your Odds of Success
Evaluation services
Honest self-assessment
Initial market data
Patent search
Manufacturing and design factors
Safety issues
Internet
Evaluation Services
Wisconsin Innovation Service Center, University of Wisconsin, Whitewater
402 McCutchan
Whitewater, WI 53190
414-472-1365
Washington State University Innovation Assessment Center
2001 Sixth Avenue, Suite 2608
Seattle, WA  98121
206-464-5450
WIN Innovation Center
College of Business Administration
Southwest Missouri State University
901 South National Avenue
Springfield, MO  65084-0089
417-836-5667 or 417-836-5680
Have Any Contracts Reviewed
Disinterested third party
Look for loopholes
Investigate with the FTC and State Attorney General
Educate Yourself
Differences in types of Intellectual Property
Books
Marketing Your Invention, Thomas E Mosely, Jr.
Patent it Yourself, David Pressman
The Inventor’s Desktop Companion, Richard C Levy
Workshops
USPTO materials
Call the Attorney General
Drew Edmondson
Attorney General of Oklahoma
Office of the Attorney General
State Capitol
Oklahoma City, OK  73105
405-521-3921
http://uiausa.com/ATTYGEN.htm
Keep an Eye Out-Warning Signs
High upfront fees
Vague testimonials
Offer “one-stop” shopping for inventors
Offer Disclosure Document as some form of patent protection
Their initial evaluation is completely positive, not pointing out any product weaknesses
More Warning Signs
Are unwilling to provide names and addresses of satisfied inventors
Refusal to quote a price range up front
Offers to review your invention, but refuses to divulge details about criteria or evaluators.
Refuses to divulge its success and rejection ratios
More Warning Signs
Assures you that your invention WILL make money
Pressures you for a quick decision
Has an FTC action against them
Chooses a patent attorney for you
Evaluates ideas and acts as licensing agent
Company implies you cannot do your own patent search
More Warning Signs
Claims to have “special” connections to industry, but refuses to specify how presentation of invention will take place
Vague contracts
Hesitation to provide promises in writing
Has done business under various names
After initial fee, more money needed
In Writing
Keep an accurate Log Book
Contracts
Notes
Names
Promises
Take Time to Think it Over
Don’t be rushed
Discuss with outsiders
Be prepared to walk away
Offer Your Experience
Complaint Division, Room 692
FTC
Washington, DC  20582
202-326-2222
Jerry Steiner
San Francisco Regional Office
901 Market Street, Suite 570
San Francisco, CA  94103
415-356-5282
Peter Lamberton
Bureau of Consumer Protection
202-356-5282
http://www.ftc.gov/ftc/complaint.htm
http://www.uiausa.com/COMPLAINTBANK.htm
Utilize Your Resources
Oklahoma Inventors Congress
Other Inventors
Patent and Trademark Libraries
Internet
IAS
Take the Initiative
This is your invention
Must assume responsibility and control
http://www.inventorfraud.com/companyeval.htm
Get answers in writing
If you are not satisfied with answers, walk away
Know what you want from the process and be realistic
Sources
Marketing Your Invention, Thomas E Mosely, Jr.
Patent it Yourself, David Pressman
The Inventor’s Desktop Companion, Richard C Levy
http://www.ftc.gov
http://www.uspto.gov
http://www.inventorfraud.com
http://www.inventnet.com
http://www.uiausa.com
Slide 22
Slide 23