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An inventor promotion scam or invention promotion scam is a scam where inventors are lured to pay money for development of their invention, or promotion of it, without the development or promotion actually occurring. Some invention promotion firms have been found to engage in improper and deceptive practices. [5]
According to the FTC, World Patent Marketing used threats of criminal prosecution and intimidation to discourage and suppress complaints. A review of emails done by Forbes featured an example of a woman who had filed a complaint with the Better Business Bureau after she had been unsuccessful in her attempts to negotiate a refund.
An invention promotion firm or invention submission corporation provides services to inventors to help them in develop or market their inventions. [1] These firms may offer to evaluate the patentability of inventions, file patent applications , build prototypes , license them to manufacturers, and otherwise market .
When you check reviews from other new inventors, you can get a much better idea of what the team is like to work with, how effective their methods are, and what the overall reputation of the ...
The Better Business Bureau (BBB) is an American private, 501(c)(6) nonprofit organization founded in 1912. BBB's self-described mission is to focus on advancing marketplace trust, [2] consisting of 92 independently incorporated local BBB organizations in the United States and Canada, coordinated under the International Association of Better Business Bureaus (IABBB) in Arlington, Virginia.
Let the truth be known", the site allows competitors, and not just consumers, to post comments. The Ripoff Report home page also says: "Complaints Reviews Scams Lawsuits Frauds Reported, File your review. Consumers educating consumers", which allows a reasonable inference that the Ripoff Report encourages negative content.
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RapidRatings generates a Financial Health Rating (FHR), a single number on a 0 - 100 scale that indicates the overall financial health of a given company. [9] The FHR is calculated using fundamental data from a company’s financial statements and does not take into account market inputs, analysts' opinions, trade payments, or contact with issuers, bankers, or advisors.