My clients Sylwester Sudol and Ireneusz Sudol from the Naugatuck Valley Connecticut recently received their Patent from the USPTO for their Food scale with adjustable brackets I prepared, filed, and prosecuted the patent application on their behalf. You can see the patent here.
I was recently thinking about the television and internet advertisements I have seen recently for invention promotion and invention submission companies. You know the ones, where they say “Do you have an invention, or product?” or “We can submit your product to companies!”
Please be careful.
I have had at least 4 or 5 clients come in after spending thousands of dollars with such companies, and who received very little in return. Usually they get a beautiful hard-bound report that gives a short summary of their product or invention, then has a “market analysis” section that talks about how gigantic the market is for that product in the US or the world, and how they could possibly make hundreds of thousands or more if they pursue their product or invention. When I look at these pretty reports, this market analysis is almost always little more than boilerplate language with no real analysis of the client’s invention or product. When I talk to the clients they invariably tell me that they only talked to a salesperson on the phone, and they salesperson says something like “If you want to take this product to the next step, you need to pay us ____ thousands of dollars”. But they never talk to a patent attorney at the invention promotion company.
Numbers I have seen show that as little as 0.035% (that is less than 1/10 of 1 percent!) and up to 0.37% of clients of invention promotion companies ever make more than what they spend in fees to the invention promotion companies. IPWATCHDOG has an article on these percentages that can be seen here.
Making money on inventions is hard, but using invention promotion companies can end up costing you a lot of money with very little to show for it.
What I recommend for inventors to achieve success is that they generally have to do the leg work on their own. They have to go out and hustle their inventions themselves, and get their products made and put on store shelves, or sold through the internet. Paying a lot of money to an invention promotion company gives you well less than a 1% chance of making more money than you spend on fees.
If you talk to a registered patent attorney, they have a duty to give you honest counseling on the best way forward. As a patent attorney, I take a critical look at all my clients’ inventions and give them my best advice on whether it is worth pursuing the invention.
My client Ronald J. Reuter was recently issued a United States Patent on his Mooring apparatus and system. His patent can be seen here. I prepared his patent application and prosecuted it to issuance at the United States Patent and Trademark Office.
My client Lauren Cecchi and her business SIGNABLES, LLC recently obtained a design patent for their Memorabilia Ball Simulacrum Stand. I prepared and prosecuted the patent application before the United States Patent and Trademark Office (USPTO). The patent can be seen here.
I would like to congratulate my client Bruce Beutler of Sherman, CT for obtaining a registered trademark for UVC POWER. I prepare and prosecuted the trademark application for Mr. Beutler. The trademark can be seen here.
I will be giving a 2 evening class on Patents, Trademarks, and Copyrights at Milford Education on Thursday night September 23 from 6:30 pm to 8:00 pm, and concluding on Thursday night September 30, from 6:30 pm to 8:00pm. The classes will take place at Foran High School in Milford. I will presenting an overview of Patents, Trademarks, and Copyrights for new inventors, and business owners. For more information, and to sign up go here.
Yesterday, the Inventors Association of Connecticut (IACT) had their monthly meeting which I attended. Bryan Mattimore was the speaker, and his topic was “Ways to Invent and Market Successful New Products”. It was great seeing local inventors at the zoom meeting, and discussing inventing. For more information about IACT go here.
I attended the Milford Bar Assocation bar-b-que yesterday. It was great catching up with old friends and new friends of the Milford Bar in a relaxed outdoor environment. I am pretty sure I was the only patent attorney there!
The Milford Bar Association has been in existence since 1976. When it was originally formed, there were approximately 28 lawyers, not enough to fill up one page of the yellow pages advertisement. Currently there are 130 dues paying members of the Milford Bar Association, as well as over 50 exempt members consisting of the judiciary, court clerks, prosecutors, public defenders, and city attorneys. For more information on the Milford Bar Association, go here.
About 30 people signed up for my talk on Intellectual Property Basics for Small Businesses. The talk happened on zoom on July 14, 2021. I received lots of a good questions from the group of mostly women, and a few men. To find more information about the Women’s Business Development Council, go here.
I am happy to announce that I have been asked to a give a talk to the Women’s Business Development Council on Intellectual Property Basics for small businesses. The talk will be on Wednesday, July 14, 2021 at noon on Zoom. You can see more details and sign up here.