WARNING SIGNS & RED FLAGS
IF IT SOUNDS TO GOOD TO BE TRUE, DO YOUR RESEARCH
Free invention KIT, inventors KIT or patent kit
They need to perform a market evaluation costing $299-$1500
Refusal to respond to your questions in writing
Only make verbal promises and assurances
You are told to describe your idea in writing
You are told to mail it to yourself
You are promised a patent search without a patentability opinion
You are advised to file for a design patent
You are promised a patent
The cost for the patent search is only $200
You can’t reach the company’s Reps or managers without leaving lots of messages
They say - your idea is guaranteed to be successful
They say - You are guaranteed to get a licensing deal
Refusal to provide client references
Assurance you will make money with your idea or product
After asking for them to disclose information pertaining to the America Inventors Protection Act of 1999, they don’t respond
Invention packages to help develop your idea and get a licensing deal start at $2,000 and gradually increase in smaller payments that can go up to $50,000+
A manufacturer will license your idea
A manufacturer will offer you a lump sum amount of cash for your idea
No interest payment plans, but you have to sign up very soon
Company previously operated under another name
Company managers, REPS or Executives have been named in an invention promotion/promoter firm lawsuit
History of more than 1 lawsuit and/or class-action by their clients and/or inventors
They assure your product has huge potential but they will NEVER put that in writing
One of their signing documents is a ARBITRATION CLAUSE to prevent you from not filing lawsuits
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