There are two primary reasons why it costs you $595 to submit a product idea. First, it helps reduce the number of ridiculous product submissions we receive. Second, it's used to help pay the salaries of our product evaluators and to offset the significant product development costs of all accepted submissions.
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What percentage of the proceeds?
If your Product Idea is accepted, we will: attempt to call you with the good news | assign a product development coordinator to you | mail you a no-cost contract to sign and return to us. Immediately thereafter, our product development staff will begin working on the fulfillment of your services.
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If my product idea is NOT accepted?
If your Product Idea is not accepted, we will: Thank You for submitting your product idea for consideration | provide you access (as our way of showing appreciation) to other invention development providers that have agreed to dramatically reduce their cost of services for you.
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If my product idea IS accepted?
Every three months you will be paid 60% of any and all product royalty income, which is approximately 20% higher than the current industry average.
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What types of Patents are there?
There are utilty, design, and plant patents. Utilty patents are the most common.
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What cannot be Patented?
•Laws of nature
•Physical phenomena
•Abstract ideas
•Literary, dramatic, musical, and artistic works. These can be Copyright protected.
•Inventions which are considered not useful or possible by the USPTO for example perpetual motion machines; or offensive to public morality.
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What can be Patented?
Utility patents protect inventions that are a novel, nonobvious, and useful:
•Process
•Machine
•Article of manufacture
•Composition of matter Read More Back to questions »
What is a Patent?
It is a property right for an invention granted by a government to the inventor. A United States patent gives inventors the right “to exclude others from making, using, offering for sale, or selling their invention throughout the United States or importing their invention into the United States” for a limited time. In exchange for public disclosure of the invention when the patent is granted and for fees paid to the United States.
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