Invention Promotion Firm Scams
An inventor promotion scam or invention promotion scam is a scam where inventors are lured to pay money for development of their invention, or promotion of it, without the development or promotion actually occurring.
Some invention promotion firms have been found to engage in improper and deceptive practices.
Signs of an unscrupulous invention promotion firm include:
- Exaggerated claims about the market potential of the invention
- Refusal to offer advice in writing, or having all correspondence confined to promotional material and scheduling phone calls.
- Request for money immediately and upfront
- Money back guarantees - Reputable professionals charge a fee for service and are compensated for their work and, therefore, do not offer money back guarantees.
Read more about this topic: Scams In Intellectual Property
Famous quotes containing the words invention, promotion and/or firm:
“The public values the invention more than the inventor does. The inventor knows there is much more and better where this came from.”
—Ralph Waldo Emerson (1803–1882)
“Parents can fail to cheer your successes as wildly as you expected, pointing out that you are sharing your Nobel Prize with a couple of other people, or that your Oscar was for supporting actress, not really for a starring role. More subtly, they can cheer your successes too wildly, forcing you into the awkward realization that your achievement of merely graduating or getting the promotion did not warrant the fireworks and brass band.”
—Frank Pittman (20th century)
“What if we wake one shimmering morning to
Hear the fierce hammering
Of his firm knuckles
Hard on the door?
Shall we not shudder?”
—Gwendolyn Brooks (b. 1917)