Getting your money back from an invention promoter
The American Inventor's Protection Act. was written to protect you, the consumer, from unethical business practices. It gives you what you need to get your money back..
The American Inventor's Protection Act.American Inventor*s Protection Act, was enacted by Congress following extensive hearings to uncover techniques used by some unethical businesses.
On September 2, 1994, Senator Lieberman chaired a hearing of the Subcommittee to uncover techniques used by some unethical businesses to rope thousands of inventors into spending significant amounts for worthless services involving the promotion of their inventions. ... Representatives of Federal and State law enforcement agencies testified as to their current efforts to curb these rip-offs.
See -- Report of the Committee on Governmental Affairs United States Senate and its Subcommittees for the One Hundred Third Congress, Report 104-27 a page 60
The American Inventor's Protection Act protects you.American Inventor*s Protection Act, 35 U.S.C.A. * 297 gives you a right to demand your money back.
The AIPA says: "Any customer who enters into a contract with an invention promoter and who is found by a court to have been injured by any material false or fraudulent statement or representation, or any omission of material fact, by that invention promoter ..., may recover in a civil action against the invention promoter ... in addition to reasonable costs and attorneys' fees-
(A) the amount of actual damages incurred by the customer; or
(B) at the election of the customer at any time before final judgment is rendered, statutory damages in a sum of not more than $5,000, as the court considers just.
See 35 U.S.C.A. * 297
The American Inventor's Protection Act gives you the right to demand triple damages.American Inventor*s Protection Act authorized triple damages taking into account past complaints made against the invention promoter that resulted in regulatory sanctions or other corrective actions.
The AIPA says:.. "in a case where ... the invention promoter intentionally misrepresented or omitted a material fact to such customer, or willfully failed to disclose such information as required ... the court may increase damages to not more than three times the amount awarded, taking into account past complaints made against the invention promoter that resulted in regulatory sanctions or other corrective actions *" .
see: 35 U.S.C.A. * 297
The Federal Trade Commission has given you a warningThe Federal Trade Commission did its own investigation of invention marketing fraud and has issued a press release about sweet sounding offers by invention promoters:
-- If a firm is enthusiastic about the market potential of your idea * but wants to charge you a large fee in advance * take your business elsewhere.
How to get your money backIf you have already paid a large fee to an invention promoter, you did not get any results, and you want your money back, get a lawyer.