Intellectual Property Law

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I have submitted my invention to invent sai, they said they…

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I have submitted my invention...
I have submitted my invention to invent sai, they said they love the invention and they made a report for it which cost me 948.00, now they want me to sign a contract to put in a uitiity patent which is going to cost me 13,485.00 and that would be from patent to the marketing and on the sheveles,they are going to put in all the drawings that i submitted ,then they said it wouldn't be much after that. I don't want to give them this money without being sure they aren't going to rip me off in the long run. they would take 10% of the sales and that i would make my money back first before they start taking there 10% I'm not sure what can i do ,so they don't take my money and run. Its all my savings .
Submitted: 6 years ago.Category: Intellectual Property Law
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Answered in 9 minutes by:
1/8/2012
IP Lawyer: Law Educator, Esq., Lawyer replied 6 years ago
Law Educator, Esq.
Category: Intellectual Property Law
Satisfied Customers: 124,312
Experience: Attorney practicing all aspects of copyright/trademark law
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Most of these companies, especially if they have complaints already, take inventors for their invention. A typical patent will cost about $8000-$10,000 but that is with a local patent attorney. if this company has complaints already I would advise you to shop around for local patent attorneys because with them you have more control and more leverage through the state bar and patent bar if they do not deliver what they have promised.


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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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