- Yellow Belt
- Posts: 54
- Joined: Thu Oct 21, 2010 9:29 pm
- Location: North Carolina
Indeed, sometimes it gets pretty scary for me too, LOL, and I've been at it for 28 years!
Jim & Roger & Giz,
I foolishly employed the services of a well known invention submission company after thinking I had come upon a novel device and method for performing a certain function of the embalming process. I researched some, but not enough; which was totally my fault. Below is the sequence of the events that followed:
(1) The invention submission company charged $169 to do an evaluation. (no problem)
(2) One week later a VERY enthusiastic member of the company contacted me via telephone and reported he had discovered web post of a similiar idea but it hadn't been filed on, so "we need to move fast with this or someone else is going to reap the millions of dollars it's worth!"
(3) The agent said he needed $600 to file the idea, "which will insure it's in YOUR name!"
(4) One week later I got another call stating my idea had been prototyped, tested, and "we compiled a Presentation Kit and we're not going to charge you for that because we KNOW this is going to be a winner!" "In order for us to have a Presentation we must market the concept so we can determine the most lucrative path... doing that will be $6,500, BUT, you will make this back the first week it's in the market!"
(5) One month later, another phone call stating they had located two manufacturers who were "desperate" to get the technology and said they needed a final installment of $5,000. "The next time you hear from us, we'll have a big, fat, advance check and license agreement... congratulations Mr. White, you made it!!!"
(6) Two months later, after repeated attempts at contact them, I got a registered letter stating that attorneys with the manufacturing company discovered the idea had already been protected.... oh yes, and they told me they were very sorry.
Yes, had I researched like I should have, all this could have been avoided, however, I'm certain the invention submission company knew soon after I employed them that the concept was already protected, but instead of informing me and keeping the $169, they purposefully constructed lies in order to milk more money from me. They never made a prototype, marketed it, made a presentation kit, or showed it to anyone... I realized I had been scammed and also FINALLY realized I set my own self up for it. Stupid me. I consulted an attorney who asked to see the correspondence... all I had was the rejection letter which stated the real reason they couldn't help me. I told him about all the money and promises and he smiled and said "Let me guess, all that was taken care of on the telephone, right?"
I should have known better, BUT, the $12,100 was taken under false pretenses! That's not "business" or "the way it is"... that's Embezzlement! Now, had they honestly prototyped and tested and contacted and traveled and negotiated, and it still flopped, by all means, they EARNED their fees honorably and the inventor should have no complaint.
I know my money is gone, and I also know the company has become wealthy doing like deals with inventors, but the whole point is that there should be career/business changing legal ramifications when things like this happen.