Patents For Sale
Customer Registration and Bidding Contracts
Guarantees
Terms and Conditions
Future Inventions
Auctioning Methods
These auctions will be limited to patent issued products and full disclosure will be available.
We are planning to schedule auctions as soon as we receive 10 customer applications. These will be time ending intellectual property futures auctions. There will be no disclosure of what the invention is.
We will be accepting the highest bid from the following categories on each invention. The highest qualified capable of development will be assigned the invention upon recording of the provisional patent. Successful bidders must complete the project development within the time frames allowed by the USPTO or else the invention will be cash sale auctioned within three months of the expiration of the USPTO time limits for intellectual material retention. With permission of the USPTO, the second highest bidder may also be selected to take over any stalled original projects; Hopefully, with the same time limits given to the secondary bidders. We reserve the right to reject higher bid awarding in the event that we determine that one bidder is only marginally qualified as opposed to another bidder who is more qualified in the field of invention of the new product.
In order to ensure inventor confidence long term patent issuance stability, we agree that all monies received from case sale will be deposited in safest recoverable financial venues agreeable to the parties. No more that 10% of the cash sales amounts may be deteriorated anually. Parties agree to re-invest in new intellectual material start-ups from my own future intellectual material creations if living.
Limited Guarantee of MarketabilityWe guarantee our products to be unseen, unheard of, and unpatented. An immediate check of the internet at the time of our filing for a patent will reveal no companies stocking or claiming to be stocking the product in the near future.
A patent will be issued on this product but we cannot guarantee the actions of the patent office of regarding issuing the patent to the correct inventor. We also do not guarantee that a patent will be issued based on our combined abilities to develope the product to a marketable stage. We guarantee that in the unlikely event of the product marketability failure, we will provide a new patent pending idea to replace the old one.