The American Inventors Protection Act of 1999 gives you certain rights when dealing with invention promoters. Before an invention promoter can enter into a contract with you, it must disclose the following information about its business practices during the past five years:
- how many inventions it has evaluated 300,
- how many of those inventions got positive or negative evaluations 300,
- its total number of customers 300,
- how many of those customers received a net profit from the promoter’s services 30, and
- how many of those customers have licensed their inventions due to the promoter’s service 3
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By Mat Grell, Patent Attorney