canadian invention patent

canadian invention patent
You see the ads for the invention submission services on television and in magazines. First Aid, you need your invention on the market from a company that knows all the ins and outs - it's a great idea, is not it? Of course you have also heard stories of people who have spent $ 15,000 and more for these services, and receive only general instructions and form letters to potential buyers.

Frightening? It should be. Not all of these companies are very ethical, honest and also can be a lot of money for no result. How do you protect yourself when hiring help for the invention submission process? Start by entering the following questions before you are on a thing.

1. What is the number of inventions and evaluates them in the past three years, and how many have they decline to represent? Most inventions are not really marketable. If the company acquires 90 percent of potential customers of the inventions, they are more interested in quick money for themselves than to help inventors.

2. Have they ever been investigated, or problems with the FTC (Federal Trade Commission), Better Business Bureau, Attorney General's Office, or any other agencies? What was the outcome of the investigation?

3. How many customers have the money based on their performances? If they refuse to give an answer, or examples, try the next company.

4. What is the number of customers who have a license agreement as a result of their achievements? If it is less than 5%, try the next company.

5. What up front fees are required, and what you get for this fee? The well-known companies have smaller fees. Are you planning (or hoping) to get their money from royalties agreements, they are for you. You want a company that is betting on your invention.

6. Can you give the names and phone numbers of customers. Get several that are in your area. If they do not exist, be suspicious.

7. Do they have a written opinion of the marketability of the product? (Note: I have this from a company that not only this, and so has no prejudices. For less than $ 200, she has a good look at my product, and gave good reasons why it's not very marketable. I guess many invention submission companies would like to have told me it was great and the thousands to "promote" an invention which is not sold at the end.)

8. Can you give copies of contracts and forms before you pay the fee? If not, move on.

9. Who selects and pays for the patent attorney? You should do this as the lawyer is that you directly.

You can make a great inventor, but know nothing about patenting, licensing or sale of an invention. This is the reason why Invention Submission exist. Just be sure you satisfactory answers to these important questions before you hire a.

Copyright Steve Gillman. For inventions, new product ideas, business ideas, story ideas, political and economic theories, deep thoughts, and a free course on how to bring new ideas, visit http://www.999ideas.com