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
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