Feeds

Budding inventors warned of dishonest promoters

Patent Office advice

  • alert
  • submit to reddit

Top three mobile application threats

Budding inventors are being warned to beware of unscrupulous invention promoters by the Patent Office.

Inventions can lead to the beginning of a successful small business, with many able to profit from untapped markets. However, many inventors are putting their faith in less than reputable promoters due to a lack of understanding over patent laws and intellectual property rights, according to the Patent Office.

Many fraudsters also heap praise on a product they don’t really believe in to encourage the inventor to part with sums of cash in order to market it through a second party.

High charges from promoters can produce major financial risks for inventors, so much so that many never get to the stage of starting up their own business despite the potential of their product.

Even worse, there have been cases where dubious promoters have failed to mention intellectual property rights, which ensure that the invention is licensed to the inventor, and went on to champion the idea as their own.

Sean Dennehey, director of patents at the Patent Office, said: “Invention promotion firms offer to help you evaluate, develop and market your idea. But first you have to be clear about whether you have made the right choice of firm.

“Some inventors find themselves broke and without proper intellectual property protection after using the services of a rogue invention promoter.”

Here is a list of useful tips and advice provided by the Patents Office:

  • If you approach an invention promoter, make sure that details of your invention are kept confidential. Disclosing how the invention works without a confidentiality agreement will harm any future patent application.
  • Before you hand over any money or sign an agreement, ask the promoter about the stages involved, such as research, marketing and licensing, and any associated costs.
  • Most good invention promotion firms would have rejected lots of ideas in the first assessment stage as not commercially viable. Find out what percentage the firm has rejected as evidence of how seriously they look into inventions.
  • Direct any complaints on invention promoters to the Office of Fair Trading.

Copyright © 2004, Startups.co.uk logo

Related stories

Microsoft FAT patent rejected
Microsoft wins another Eolas web patent battle
UK gov moves to bust bootleggers

High performance access to file storage

More from The Register

next story
KILLER SPONGES menacing California coastline
Surfers are safe, crustaceans less so
LOHAN and the amazing technicolor spaceplane
Our Vulture 2 livery is wrapped, and it's les noix du mutt
Liftoff! SpaceX Falcon 9 lifts Dragon on third resupply mission to ISS
SpaceX snaps smartly into one-second launch window
KILLER ROBOTS, DNA TAMPERING and PEEPING CYBORGS: the future looks bright!
Americans optimistic about technology despite being afraid of EVERYTHING
R.I.P. LADEE: Probe smashes into lunar surface at 3,600mph
Swan dive signs off successful science mission
Discovery time for 200m WONDER MATERIALS shaved from 4 MILLENNIA... to 4 years
Alloy, Alloy: Boffins in speed-classification breakthrough
Elon Musk's LEAKY THRUSTER gas stalls Space Station supply run
Helium seeps from Falcon 9 first stage, delays new legs for NASA robonaut
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.