S13 E7 Truth about Provisional vs. Nonprovisional Patents - Avoiding Scams & Developing Winning...

Invention promotion scam companies have misled inventors and small businesses for years, taking millions of dollars in exchange for little or no return. As a patent attorney, I've seen the damage these scams can do firsthand. It's important to understand the limits of a Provisional Patent Application (PPA) and when it makes sense to start with a Nonprovisional Patent Application (NPA).

See:

How an “invention promotion” outfit demoted the truth (https://www.ftc.gov/news-events/blogs/business-blog/2017/09/how-invention-promotion-outfit-demoted-truth) (September 13, 2017) Some invention-promotion firms do nothing for you (https://www.consumer.ftc.gov/blog/2017/03/some-invention-promotion-firms-do-nothing-you) (March 14, 2017)

PPAs are temporary and can be used to scam inventors, while NPAs are examined and can become a patent. Knowing the differences between the two can save you time, and money, and potentially protect your patent rights.

PPAs have a low standard for filing and are never examined, while NPAs have higher standards for filing and often receive at least one rejection. PPAs can be useful if you have a specific product launch or publication date in mind.

Develop a clear business plan for your invention, including your launch date and potential market. Share this plan with your patent attorney to determine whether a PPA or NPA strategy is right for you.

Don't fall for invention promotion scams. Instead, work with a trusted patent attorney to develop a winning patent strategy that protects your invention and your business.

BIO:

Wayne Carroll founded Inspired Idea Solutions Law Firm in 2013, an IP boutique law firm focused on helping small businesses with intellectual property. At Inspired Idea Solutions, we use a proven process for obtaining IP rights that focuses on aligning the business strategy of small business clients with their IP strategy. We help small businesses implement a strategy to ensure they own and leverage their intellectual property. We also have clear expectations with zero hidden fees.

In addition to his legal work, Wayne is an Eagle Scout and actively volunteers with the Boy Scouts of America. He is also a proud father of six children and enjoys playing pickleball. Wayne's extensive experience and expertise in intellectual property law make him a highly respected attorney and a valuable asset to clients seeking protection for their intellectual property rights. Wayne can be reached at 480-741-2440 or [email protected] (mailto:[email protected]). You can also connect with Wayne on LinkedIn (https://www.linkedin.com/in/waynecarroll/).

Schedule an appointment (https://app.lawmatics.com/appointment-calendar/MjAwNw==%7CWyIyMTM0Il0=%7CWyI5OTYiXQ==%7CWyJwaG9uZU51bWJlciJd) with Wayne Carroll for a strategy session on how to protect and leverage your intellectual property.

Episode link: https://play.headliner.app/episode/14575030?utm_source=youtube