Invention Promotion Fraud

Document its creation One of the best ways to prove something is yours to be able to show a timeline of evidence. As you work on your invention, or even after the fact, note the timeline of its creation, steps in its development, testing and prototype production. This applies whether you’ve created something entirely new, or simply improved on a current product. Create as much detail as you can. This is your intellectual property and sometimes it’s all you have to prove that Whizzle Version 1.3 is a unique invention.

I recommend:  A good way to do this is the old-fashioned way with paper and a pen. Order up an inventor’s notebook or an engineer’s notebook from a company like Book Factory; the books have sequentially numbered page, use archival-quality paper and have a binding type that gives evidence that pages haven’t been added later. Such books give a place for you to have a colleague sign and date to corroborate your work. If your work is created entirely digitally, you can use such a book to make notes of different file versions, but you’ll also want to save (and backup!) early versions of your work with the correct file-creation and file-saved dates as you progress.

Get a lawyer Find a legal eagle to stand by your side in the cumbersome process of documenting, protecting and pitching your invention. Look for a lawyer who specializes in intellectual property law.

I recommend:  The Inventor’s Network has a great directory of intellectual property lawyers sorted by phone number area code. Membership in the 17,000-member-strong American Intellectual Property Law Association (AIPLA) is something you may want to find in your lawyer. Want to hear some thoughts from a patent lawyer without having to pay for it? Check out attorney Stephen Nipper’s Patent Blog.

Keep quiet Disclosing too much information about your invention is risky business and can result in losing control of your intellectual property, attempts to steal your idea and costly lawsuits. Be very careful about the companies you choose to pitch your invention to. While pitching your invention, focus on what your invention does and not exactly “how” it does it. Non-disclosure agreements should be used if you’re going into the details of your invention.

I recommend:  Have your lawyer draw up a non-disclosure agreement (NDA) which you can use in pitch meetings with marketers, licensors, manufacturers or investors. Law firm Victor White International has a sample non-disclosure agreement that’s worth reviewing. There’s even a more generic, fill-in-the-blank NDA form from ILRG you can use.

Get a Patent Patents are an inventor’s best friend because they give you clearly documented ownership rights of an invention. This is a statement of ownership granted by the United States Patent and Trademark Office (USPTO). That said, it’s a lengthy legal process not easily waded in by those without legal experience.

I recommend:  Obtain a provisional patent, which is a short-term, 12-month patent that is designed to give inventors a cheaper way of approaching the patent process. Those provisional patents can be converted to a full patent within that time period. Before you venture down this process, consult the USPTO fee schedule to know what costs you can expect. This process starts with a patent search to confirm that your idea is unique.

Beware of invention development companies If you’re thinking of pitching your invention to an invention development company, be cautious. These companies come in all shapes and sizes, but their job is to take your invention and help you make money off it. When you don’t have the capital necessary to take your design to full production and sales, they can help. However, beware of invention development companies that ask for a large fee – paid upfront – before it will work with you. Most reputable firms work on a commission basis like a real estate agent.

I recommend:  Make sure that you check out any invention development company thoroughly, starting first by looking to see if they’re on any scam lists like this list (scroll down the page) from InventNet. Consider reading The Inventor’s Bible (on Amazon), which was written by an actual inventor, as you think about how to take your product to market.