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.
Join us online Friday night February 10, 2023, at 7:00 pm (PDT) for the "MarketBlast: A New Platform to License or Sell Your Innovation" seminar featuring Warren Tuttle! See Zoom link info below.
BIO: Warren Tuttle oversees the Open Innovation product programs for publicly traded Lifetime Brands in the housewares and table top arenas (Farberware, Kitchen Aid and 40 other brands) and Merchant Media in the DRTV space (Smart Spin, True Touch). For many years he also helped Techtronic Industries (Ridgid and Ryobi power tools) in a similar role. Warren is additionally involved in the launch of MarketBlast (www.marketblast.com) a technologically advanced platform that connects innovators with established entities featuring marketplace presence and identifiable brands. He is overseeing MarketBlast’s groundbreaking Open Innovation efforts. Warren was the person behind the launch of several highly successful consumer products including MISTO, The Gourmet Olive Oil Sprayer and the SmartSpin Storage Container System. Warren personally interacts with many thousands of inventors every year and has initiated over 100 new consumer product licensing agreements that have collectively generated over a billion dollars in retail sales. Warren is a well-known advocate for inventor rights. He served for 12 years as the President of the United Inventors Association, a national 501c3 non-profit with high ethical standards that helps support inventors through education, advocacy and the sponsorship of inventor booth pavilions at several industry trade shows, most notably the National Hardware Show. Warren also serves as a board member of both the National Pro Bono Patent Advisory Council (PBAC) and the Department of Commerce’s Council for Inclusive Innovation (CI2). Additionally, he co-chairs the Creators Committee for the United States Intellectual Property Alliance (USIPA). Warren’s book, Inventor Confidential: The Honest Guide to Profitable Innovation, is published by Harper Collins and available on Amazon. He lives with his wife Lynn in Southern Connecticut and has three wonderful daughters, all well-educated and pursuing exciting careers. He enjoys skiing, motorcycling, golf and travel. Please visit Warren’s website www.tuttleinnovation.com or email him at email@example.com for more information.
Zoom link info:
Mark Schnose is inviting you to a scheduled Zoom meeting.
Time: Feb 10, 2023 07:00 PM Pacific Time (US and Canada)
Join Zoom Meeting
Meeting ID: 813 6841 7778
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Meeting ID: 813 6841 7778
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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.