1. I know that this invention is patentable because I have never seen it anywhere else.
Wrong. Many devices are patented but never commercialized.
2. Patents are only for big corporations, they cost a lot of money, and I can adequately protect myself using contracts.
Wrong. If you ever want to keep competitors from copying your product, patents are the only way available to do it. If you ever want to sell your company, you also need patents to add to the value of the company.
3. Patent and Trademark searches are just tools that Patent Attorneys use to get extra money out of you.
Searches are optional, you just risk your larger investment in a patent application if you don’t have a search done first.
4. Invention promotion companies are mostly reputable organizations, with my best interest at heart. That's why they are on late night TV, because they want to help me.
See the Scam Prevention page on the US Patent and Trademark Office website for questions to ask, and warning signs on Invention Promotion Companies.
5. I have a new invention that I know that I have to patent so that I can sell it.
You can sell it without a patent, but after 1 year of first offer for sale, you can’t get a patent on it. If you sell it before filing patent application, you can’t ever get foreign patents.
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