The Inventors Forum is a nonprofit 501(c)3 organization of Inventors helping Inventors for over 30 years. We are based in Orange County, CA.
Everyone is invited to our Public Zoom Meeting
Friday, September 8, 2023 at 7:00 PM PDT! Zoom info below.
Stephen Key will be presenting his seminar:
"How to License a Big Deal!"
About Stephen Key
Stephen Key is a leading expert on how to license a product idea and a 2018-2019 AAAS-Lemelson Invention Ambassador. As an independent inventor, he achieved repeat success commercializing products ranging from simple novelty gifts to complex packaging innovations. He is currently the patent strategist for Fishbone Packaging, the sustainable solution for single-use plastic rings.
In 2000, he cofounded inventRight, the coaching program that has taught product developers from more than 65 countries how to harness the power of open innovation and the licensing business model to bring their ideas to market.
He is the author of One Simple Idea, Sell Your Ideas With or Without a Patent, Become a Professional Inventor, and Licensing Ideas using LinkedIn.
To help creative people become profitable inventors, he has written more than 1,000 articles for Forbes, Inc., and Entrepreneur magazines and published over 1,000 videos on his popular YouTube channel inventRightTV.
inventRight website — https://www.inventright.com
YouTube channel — https://www.youtube.com/inventRight/
Amazon Bookstore — https://www.amazon.com/stores/Stephen-Key/author/B004EHJINU
Personal website — https://stephenkey.com
One Simple Idea — https://www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1522690379
LinkedIn — https://www.linkedin.com/in/stephenmkey/
Company LinkedIn — https://www.linkedin.com/company/2189255/
Twitter — https://twitter.com/stephenkeymedia
Facebook — https://www.facebook.com/stephenmkey
Entrepreneur — https://www.entrepreneur.com/author/stephen-key
Join us at 7:00 PM (PDT) Friday, September 8, 2023,
by clicking the Zoom link below!
Mark Schnose is inviting you to a scheduled Zoom meeting.
Join Zoom Meeting
Meeting ID: 812 8122 4397
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Meeting ID: 812 8122 4397
Find your local number: https://us02web.zoom.us/u/kHGXvbaiR
NOTE: Our MEMBERS-ONLY PRIVATE Assistance meetings, where you can safely get feedback from our knowledgeable members to move your ideas forward, are held on the LAST FRIDAY of each month at The Urban Workshop, 365-A Clinton Street, Costa Mesa, CA 92626. Door fees are $5 for members. Non-members can join at the door. Initial membership fees are $50 per year, and half price for seniors 65+ and for full-time students, and disabled. We can take cash, checks or credit and debit card payments through Stripe at the meetings.
The Loss of Inventor Rights – A Concise Description
For those new to the issue of inventors having lost the ability to stop large corporations from just taking valuable, patented technologies, here’s a quick rundown:
1. Patent Trial and Appeal Board (PTAB): The America Invents Act of 2011 (AIA) created an easier way to invalidate (revoke) an issued patent. The PTAB is an administrative court with no jury and much less due process than a real court. Rather than a lifetime-appointed judge, a PTAB trial typically has three attorneys who are called Administrative Patent Judges (APJs). Since inception, 84% of the patents that go through a PTAB process get fully or partially invalidated (partially usually means the parts of the patent that matter).
When you attempt to stop a large corporation from infringing your patent, they will try to use the PTAB to invalidate your patent. If you win one PTAB attack, you can still be pulled into additional ones by the same or other infringers. According to the AIPLA (American Institute of Patent Law Association), a reasonable PTAB defense costs $400,000 to $800,000. Historically, the typical inventor would hire an attorney on a contingency basis to fight an infringer (where the inventor doesn’t pay much up front and the attorney gets a percentage of the verdict award or settlement amount). Today, it is extremely rare for an attorney to take any PTAB case on contingency.