The Invention Science Fund I, LLC (Bellevue, WA)

A system and method that permits transactions to be made within virtual world environments. Users can take part in transactions that allow them to obtain virtual property and virtual rights. In some implementations, real-world and virtual parties can be involved in transfer possibilities of various kinds of virtual property as well as rights to virtual property.

Many virtual worlds have imaginary characters that participate in fictional activities, transactions and other events. It’s educational and fun to discover innovative ways to connect virtual worlds to real-world entities.

Method and systems for acquiring something of potential value in a virtual world as described in this document may be implemented in various ways. Computerized systems may comprise one or more computer programs with processing instructions.

Some system embodiments provide a computer-implemented system that includes an imaginary world where a patron of the virtual realm can take part and receive a transferable right regarding a virtual aspect or attribute. Additionally, there may be a feature that allows the authorisation of a disposition of the transferable right to a named successor, which is triggered through a death in the real world of the person who is patronizing. A further feature could include a record of any requiredinformation comprising the applicable terms or condition required for the disposition to occur.

Some of the implementations described in this document include a procedure for finding out the ownership of property in virtual worlds. This includes identifying a virtual-world property right in a virtual-world multiplayer environment that was purchased by a real world party; establishing confirmation the real-world deceased person is dead; and, in response, transferring the property rights in virtual worlds to a designated succeeding party.

Some embodiments are implemented within a computer program product that contains at least one computer program performing a computer-based process that provides a virtual world in which a player is enabled to interact with another participant orwith the non-player entity, and also facilitates an arrangement for the transfer of a virtual property right to a successor designated by the owner, which transfer is contingent on the death in the real world of the participant. Another process feature may include recording the agreement to transfer.

A method of enabling the transfer of a property right in virtual worlds can contain other features, like a procedure to transfer a property right in virtual worlds with the authorization of patron. The authorization is effective upon the real-world death or disability of the patron. The procedure could also include maintaining a record of the authorization, which confirms the real-world death of the virtual patron, and transferring the virtualworld property right to a successor party designated by the virtual world patron.

These virtual world transactions, which are described herein for illustration could be entered into and negotiated by various types of entities and/or parties based on the benefits that can be gained from the specific implementations or embodiments that might be preferred by the parties, the credit entities and players, credit institutions as well as credit operators as well as other third-party business owners and other players who are interested in virtual credit agreements.

Additional features, aspects and benefits will be understood by those skilled in the art, based on the following drawings and a detailed description for various exemplary and preferred designs.

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What is a patent?

Granted by the government to safeguard an invention, patents grant the inventor exclusive rights to develop, utilize the invention, market and promote the invention? society is benefited when a brand new technology is brought to the market. These benefits could be realized directly when people can accomplish feats previously unattainable, or indirectly through the opportunities for economic growth which innovation can bring (business expansion, job creation).

Many drug firms and university researchers are seeking patent protection for their work and research. Patents can be granted to a product, process, or method of creating new materials. Patent protection is granted to an invention that is useful or novel and is not yet known by other people in the same field.

Patents give inventors a chance to be recognized for commercially successful inventions. They act as a motivator for inventors to invent. Small businesses and inventors can rest assured that they will get an income from their investment in technology development via patents. It means that they can earn a living from their work.

Patents play essential roles in businesses with the ability to:

Make sure you protect your unique products and services

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Find business and technical information.

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Patents can be used to prevent untrustworthy third parties from profiting from the invention’s efforts.

Patent-protected technology that is commercially profitable can be used to finance technology-related research and development (R&D) that increases the likelihood of a better technology in the near future.

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It is essential to keep your invention private until you apply for patent protection. The public disclosure of an invention before it is filed could often erode its originality and render it unpatentable. Thus, disclosures that are filed prior to filing (e.g. for testing-marketing investors, investors, or for other business partners) must only be done following the signing of a confidentiality agreement.

There are many kinds of patents, and understanding the different types is crucial to protect your invention. Utility patents cover the development of new methods and machines. Design patents cover ornamental designs. Utility patents are the best as they protect the owner from copycats and competition. In most cases, utility patents are issued to modify or improve existing inventions. Utility patents can also be used to improve or alter existing inventions. For example, a process patent will cover acts or methods for performing one specific thing, whereas a chemical composition will include an assortment of components.

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When you’re writing a patent application when you are writing a patent application, it is recommended that you conduct an internet search for patents, since the search can provide some insight into other people’s concepts. You’ll be able to reduce the nature of your idea. Furthermore, you’ll learn about state of the technology in your area of invention. This will assist you in know the extent of your invention and prepare you to file your patent application.

How to Search for Patents

Patent searches are the initial step to getting your patent. You can do a google patent search or do a USPTO search. Patent-pending is the name used to describe the product that has been protected by the patent application. You can use for the public pair to locate the patent application. After the patent office has approved the application, you will be able to conduct a patent number search to find the issued patent and your product is now patented. You can also use the USPTO search engine. Read on for more details. You can get help from a patent lawyer. In the US Patents are issued by the US trademark and patent office, also known as the United States patent and trademark office, which also reviews trademark applications.

Are you looking for similar patents? Here are the steps to follow:

1. Think of terms to describe your invention, based on its intended purpose, composition and application.

Write down a short and precise explanation of your invention. Don’t use generic terms like “device”, “process,” or “system”. Look for synonyms to the terms you picked initially. Then, take note of important technical terms and key words.

Use the following questions to help you find key words or concepts.

  • What’s the purpose of this invention? Is it a utilitarian device or an ornamental design?
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  • What is the structure of the invention? What is the physical composition of the invention?
  • What is the goal of the invention?
  • What are technical terms and phrases that define the nature of an invention? To find the appropriate terms, use an online dictionary of technical terms.

2. These terms will enable you to search for pertinent Cooperative Patent Classifications at Classification Search Tool. If you’re unable to locate the appropriate classification to describe your invention, scan through the class Schemas (class schedules). Consider substituting the words you’re using to describe your invention if you don’t receive any results from your Classification Text Search with synonyms similar to the words you used in Step 1.

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4. The Patents Full-Text Database and the Image Database allow you to find patent documents that are accompanied by the CPC classification. By focusing on the abstracts and representative drawings, you can narrow down your search to the relevant patent documents.

5. This list of patent publication is the best to examine for similarity to your invention. Be sure to read the specifications and claims. Contact the applicant as well as the patent examiner for additional patents.

6. Retrieve published patent applications with the CPC classification you picked in Step 3 from the Applications Full-Text and Image Database. You may also employ the same method of search that you used in Step 4 to narrow down your search results to the most relevant patents by reading the abstracts as well as the drawings for each page. The next step is to review the patent applications that have been published carefully, paying special attention to the claims as well as other drawings.

7. Locate additional US patent publications by keyword searches in PatFT and AppFT databases, classification search of non-U.S. patents using the below, and searching for non-patent literature disclosures of inventions using internet search engines. For instance:

  • Add keywords to your search. Keyword searches may turn up documents that are not well-categorized or have missed classifications during Step 2. For example, US patent examiners often supplement their classification searches with keyword searches. Think about the use of technical engineering terminology rather than everyday words.
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To review your search, you can hire a registered patent attorney to assist. A preliminary search will help one better prepare to talk about their invention and other related inventions with a professional patent attorney. In addition, the attorney will not spend too much time or money on patenting basics.