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

A method and system allows arrangements and transactions within virtual world environments. Transactions can be utilized to obtain virtual property and the rights that accompany it. In certain cases the real-world and virtual entities could be involved in the possible transfer of various kinds of virtual property or rights.

Virtual worlds are filled with imaginary characters who participate in fictional actions, transactions and other activities and. It can be educational and enjoyable to discover new ways of connecting virtual worlds with real world entities.

Methods and methods for acquiring something of value in a virtual environment as described in this document may take different forms. Computerized systems could include the use of computer programs with processing instructions.

A particular system is a computer-implemented system which includes an online world in which patrons may be a part of and receive the transferable rights to an aspect or attribute that is virtual. A module that allows the authorisation of the disposition of transferable rights to an appointed successor party could be included. The disposition can be activated by the patron’s death in the real world. An inventory of all the information that is relevant, including any applicable terms or conditions could be another feature.

A few of the solutions described herein provide a means of resolving virtual-world property ownership. This involves identifying a virtual-world property rights in a multiplayer virtual-world environment that was acquired by a real-world party; establishing confirmation the real-world deceased person is dead and, as a result to this, transfer the property rights in virtual worlds to a designated succeeding party.

Certain embodiments can be implemented in a computer program product that contains one or more computer programs for running a computer program that creates a virtual environment where a participant is able to interact with another participant orwith a non-player entity; and also facilitates an arrangement to transfer the virtual property rights to a successor designated by the owner that is dependent on a actual death of the participant. A third feature of the process may be to document the transfer.

Other features could be included to facilitate the transfer of a virtual world property right, for example, the procedure of transferring a virtual world property right pursuant to the authorization of a virtual world patron, which authorization becomes effective in the event of a real-world death for the virtual world patron. This method can also include keeping the record of authorization, verifying the real-world death, and transferring virtualworld property rights to a successor party identified by the virtual patron.

The virtual world transactions which are disclosed herein for purposes of illustration can be entered into by many different types of participants and/or entities, depending on advantages arising from embodiments and implementations that may bedesired by the parties, credit entities, the players, virtual environment owner and game world operator third party virtual and real-world companies, and other entities with an interest or involvement in the arrangements for virtual credit.

Additional aspects, features and benefits can be recognized by those skilled in the art from the following drawings and detailed description of the various examples and preferred designs.

Click here to view the patent on USPTO website.

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What is a patent?

The government grants patents to safeguard an invention, patents grant the inventor with the exclusive right to use, create the invention, market and promote the invention?society benefits when a new technology is introduced into the marketplace. The benefits can be directly realized as people can achieve previously impossible feats or via the economic opportunities that innovation provides (business growth, jobs).

Patent protection is demanded by many universities and pharmaceutical companies for their research and development. A patent can cover a physical or abstract process or product, or even a method or formulation of material new to the field. To be granted patent protection, an invention must be useful, new and not apparent to other people within the same area.

Patents are a way to honor inventors who have commercially profitable inventions. They provide a reason for inventors to come up with new ideas. Small-scale businesses and inventors are assured that they will get the most from their investment in the development of technology. It means that they can earn money from their work.

Companies that are able to:

Protect innovative products and services;

Enhance the value, popularity, and appeal of your product on the market;

Make your brand stand out from the competition.

Access to business and technical knowledge and information;

Avoid the risk of using proprietary third-party content, or losing your important information, creative outputs, or any other innovative output.

Patents convert knowledge of the inventor into an asset that can be sold, which opens up new opportunities to create jobs through licensing and joint ventures.

Investors involved in the commercialization and development of technology will appreciate small-scale businesses that have patent protection appealing.

Patents can result in innovative ideas and inventions. The information you create may be protected by patents.

Patents are a way to stop untrustworthy third parties from profiting through the work of inventions.

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

Intellectual property ownership can be used to convince investors and lenders that there are real chances to commercialize your product. A powerful patent can provide numerous financing options. Patents as well as other IP assets can be utilized as collateral or security for financing debt. Investors can also see your patent assets to increase the value of your business. Forbes and others have noted that every patent can boost company valuation by anywhere from $500,000 to $1 million.

Start-ups need a well-constructed business plan that leverages the IP to prove that your product or service is distinctive, superior, or innovative. Additionally, investors will be impressed if you show that your IP rights are secured or are in the process of becoming secure and that they are in line with your business plan.

It is crucial to protect an invention prior to filing for patent protection. Public disclosure of an invention can be detrimental to its novelty and render it invalid. The filing of disclosures prior to filing, for example, for investors, test-marketing, or any other business partners, should be done only following the signing of a confidentiality agreement.

There are many kinds of patents. Knowing them is essential for protecting your invention. Utility patents cover new methods and inventions made by machines. Design patents cover ornamental designs. Utility patents are best and protect the owner against copycats and other competitors. In most cases they are granted for improvements or modifications to existing inventions. Utility patents can also be used to improve or modify existing inventions. A process patent would describe the methods or actions of performing a particular act. But, a chemical composition would include the combination of ingredients.

What is the length average of a patent? While utility patents are valid for 20 years from the date of the initial filing, they are able to be extended through delay at the patent office.

Are you thinking of patenting your ideas? Patents are granted only to applicants who file first, you need to start filing quickly. Call an attorney for patents at PatentPC to file your invention now!

When drafting an application for patents, you should do a patent search. the search can provide some insight into other people’s concepts. This can help you restrict the extent of your idea. Also, you can discover the current state of the art within your field of invention. This will help you to comprehend the scope of your invention and help prepare you for filing the 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 term for the product that has been covered 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 can perform a patent search to find the issued patent and your product is now patented. It is also possible to use the USPTO search engine. See below for details. A patent lawyer or attorney can assist you with the process. Patents granted in the United States are granted by the US trademark and patent office, or the United States patent office. The office also examines trademark applications.

Interested in finding more similar patents? Here are the steps:

1. Brainstorm terms to describe your invention according to its function composition, use, or purpose.

Write down a brief and precise description of the invention. Be sure to avoid using terms that are generic such as “device,” “process,” and “system.” Instead, consider synonyms to the terms you initially chose. Then, note crucial technical terms as well as key words.

To help you identify terms and keywords, you can use the questions below.

  • What’s the goal of the invention? Is it a utilitarian device or an ornamental design?
  • Is the invention a way of creating something , or performing a function? Or is it a thing or process?
  • What is the structure of the invention? What is the physical structure?
  • What is the goal of the invention?
  • What are the technical terms and keywords that describe the nature of an invention? A technical dictionary will help you identify the correct phrases.

2. These terms will allow you to find relevant Cooperative Patent Classifications at Classification Search Tool. If you are unable to locate the appropriate classification for your invention, look through the Schemas of classes (class schedules). Consider substituting the words you’re using to describe your invention if you don’t get any results from the Classification Text Search with synonyms like the ones you used in Step 1.

3. Examine the CPC Classification Definition to verify the validity of the CPC classification you’ve found. If the selected classification title includes a blue square with the letter “D” on its left, the link will lead you to a CPC classification’s description. CPC classification definitions can help identify the specific classification’s scope which is why you can be certain to pick the most appropriate. In addition, these definitions can include research tips and other suggestions that may be useful to further study.

4. Find patent documents that have the CPC classification from the Patents Full-Text and Image Database. You can look through and narrow down the most relevant patent publications focusing first on the abstract and drawings representative of.

5. Utilize this selection of most pertinent patent documents to look at each in detail for similarities to your idea. Be sure to read the specification and claims. Contact the applicant as well as the patent examiner for additional patents.

6. You can retrieve published patent applications that match the CPC classification you picked in Step 3. You can also use the same method of search that you utilized in Step 4 to narrow your search results to the most relevant patents by reading the abstracts as well as the drawings on every page. After that, you must review all published patent applications carefully, paying special attention to the claims, and other drawings.

7. Find additional US patents by keyword searching in PatFT or AppFT databases, classification searching of non-U.S. patents as per below, and searching for non-patent literature disclosures of inventions using internet search engines. Examples:

  • 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.
  • Search for foreign patents using the CPC classification. Then, re-run the search using international patent office search engines such as Espacenet, the European Patent Office’s worldwide patent publication database of over 130 million patent publications. Other national databases include:
  • Search non-patent literature. Inventions can be made public in many non-patent publications. It is recommended that you search journals, books, websites, technical catalogs, conference proceedings, and other print and electronic publications.

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.