Searete LLC (Bellevue, WA)
Financial systems in the modern world have many methods of buying things that are worth it. Utilizing credit cards, debit cards and checking accounts to conduct financial transactions is a typical method to make purchases without having to exchange cash or currency.
Virtual world environments often include imaginary characters that participate in fictional actions, events and transactions. There are educational as well as entertainment benefits to creating innovative and challenging ways to relate virtual worldenvironments with real-world experiences.
The various embodiments discussed herein offer an apparatus and method of creating credit transactions within an imaginary world where a virtual charge account service is made available to a participant in the fictional world environment.Virtual transactions can be accepted and credited to a virtual credit account when purchasing activities are conducted in the fictional world and a bill statement could be sent to the person who has the credit card virtual.
A billing statement may be authorized to be sent to the participant’s actual address depending on the circumstances. Additionally, a billing statement could be permitted to be sent to an imaginary world address of the participant.
One aspect offers a virtual account service that can be utilized in a fictional universe. A billing statement can charge various fees to the participant who has purchased the virtual account. These virtual charge account charges can be calculated in fictional money, real-world currency, or in non-monetary fictional world value tokens.
Some embodiments can be implemented in a computer product which includes one or more computer programs for executing a process providing the virtual account service within a fictional environment. This permits a fictionalworld transaction to be processed using a virtual credit card. A bill for the charges due for an authorized transaction in a fictional world is sent.
Other functions can be integrated in a system for processing virtual credit transactions, which provide an imaginary world in which the virtual transaction could involve a purchase activity. A virtual credit account could be accessible for purchase transactions in the fictional world. The system has an account in the database to track the purchase transaction and an output device which can be connected with the database record to communicate obligations arising out of thepurchase activity to a person/entity accountable for virtual credit account obligations.
One of the embodiments includes an output device that sends an invoice in a virtual world to the entity or person accountable for the payment obligations of the virtual credit card account. The output device might transmit a billing statement to the individual or entity who is responsible for paying obligations for the credit card virtual account.
The virtual credit transactions which are described herein for illustration, may be concluded and concluded by a variety of people and/or entities depending on the benefits that can be derived from designs and implementations that could be desired by the parties including the credit companies as well as the participants.
The following drawings and descriptions will help you comprehend the advantages, features and additional features of the preferred versions.Click here to view the patent on USPTO website.
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What is a patent?
Granted by the government to protect an invention a patent provides the inventor exclusive rights to create, use, sell and promote the invention? society benefits when a new technology is introduced into the marketplace. The benefits may be direct terms, as it allows individuals to achieve previously unattainable things, or indirectly, by the economic benefits (business growth and employment) which the invention provides.
Patent protection is demanded by a variety of universities and pharmaceutical companies to protect their research and development. A patent can cover an abstract or physical product or process or a method or composition of materials new to the area. In order to be granted protection under a patent, an invention must be novel, useful, and not obvious to others in the same field.
Patents recognize and reward inventors for their commercially successful inventions. They are an incentive to inventors to come up with new ideas. Small companies and inventors can rest certain that they will receive the most return from their investment in technology development via patents. They can earn a living by their work.
Patents play a vital role in firms and can be used to:
Protect innovative products and services;
Increase the value, visibility, and attractiveness of your products market
Differentiate your business and products from others;
Access business and technical expertise and information;
Beware of the possibility of accidentally using proprietary third-party content or losing valuable information, innovative outputs, or another creative output.
Patents transform the knowledge of inventors into an asset that can be sold, which opens up new opportunities for job creation by licensing joint ventures and joint ventures.
Small businesses that have patent protection are more attractive to investors in the commercialization of technology.
Patenting may lead to new ideas and new inventions. This information can encourage innovation and may qualify to be protected by patents.
Patents can be used to stop untrustworthy third-party companies from earning from the invention’s efforts.
Commercially successful patent-protected technology revenues can be used to finance technological research and development (R&D), which will increase the chance of better technology in the coming years.
You can use the intellectual property rights of your company to convince lenders and investors that your product has real commercial potential. A single patent could provide multiple financing opportunities. Patents and other IP assets can be used as collateral or security for financing debt. You can also show investors your patent assets to boost company valuation. Forbes and others have noted that every patent can boost the value of a company by anything from $500,000 to $1 Million.
A well-designed business plan is essential for startups. It should be built on IP and explain the way your product or service is distinctive. Investors will be impressed when your IP rights are secured or are on the verge of being secured and they endorse your business strategy.
It is essential to keep your invention secret until you file to protect it with patents. Making an invention public prior to filing is often detrimental to its novelty and render it patent-infringing. Therefore, prior filing disclosures (e.g. for test-marketing investors, test-marketing, or any other business partners) should only be made upon signing a confidentiality contract.
There are many types of patents. Understanding the different types of patents is vital for protecting your invention. Patents for utility cover techniques and machines. Design patents cover ornamental designs. Utility patents are the most beneficial since they shield the owner from copycats as well as other competitors. Patents for utility are usually issued to improve or modify existing inventions. Utility patents also cover enhancements and modifications in existing inventions. A process patent could cover the acts or methods to perform a specific action. But, a chemical composition would include an amalgamation of ingredients.
What is the average length of patents? Patents that are utility-related last for 20 years from the earliest filing date, but their expirations can be extended because of patent office delays such as.
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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 it will provide you with some insight into other people’s thoughts. This will allow you to limit the scope of your invention. In addition, you can discover the latest technological advancements in your field of invention. You’ll have a better idea of what your idea should be and will be more prepared to submit your patent application.
How to Search for Patents
The first step to get your patent is to conduct an internet search for patents. You can do a google patent search or do a USPTO search. Patent-pending refers to the product protected by the patent application. You can search for the public pair to locate the patent application. Once the patent office has approved your application, you’ll be able do a patent number look to find the patent issued. The product you are selling will be patentable. You can also use the USPTO search engine. See below for details. It is possible to seek help from a patent lawyer. In the US Patents are granted by the US trademark and patent office or the United States patent and trademark office, which also examines trademark applications.
Are you interested in finding similar patents? These are the steps:
1. Brainstorm terms that describe your invention, based on the purpose, composition and use.
Write down a short detailed description of the invention. Be sure to avoid using terms that are generic such as “device,” “process,” and “system.” Instead, look for synonyms to the terms you selected initially. Also, keep track of important technical terms, as well as key words.
Utilize the following questions to help you find keywords or concepts.
- What is the purpose of the invention Is it a utilitarian device or an ornamental design?
- Is the invention a method of making something or performing some function? Are you referring to an item?
- What is the composition and function of the invention? What is the physical composition of the invention?
- What is the purpose of the invention?
- What are the terms in the technical field and keywords used to describe an invention’s nature? To assist you in finding the correct terms, consult an online dictionary of technical terms.
2. These terms will allow you to look up pertinent Cooperative Patent Classifications using the Classification Search Tool. If you’re not able to locate the appropriate classification for your invention, scan through the class Schemas (class schedules) and then try again. If you do not get results using the Classification Text Search, you may want to consider replacing the words to describe your invention with synonyms.
3. Check the CPC Classification Definition for confirmation of the CPC classification you found. The hyperlink to a CPC classification definition will be available if the chosen classification title contains a blue box with “D” on the left. CPC classification definitions can help you determine the applicable classification’s scope so that you can pick the one that is the one that is most appropriate. The definitions could also contain some search tips or other recommendations that can be useful for further investigation.
4. The Patents Full-Text Database and the Image Database allow you to retrieve patent documents that include the CPC classification. You can look through and select the most relevant patent publications first focusing on abstract and the drawings that are representative.
5. This collection of patent publications is the most appropriate to check for similarity with your invention. Take note of the specification and claims. It is possible to find additional patents through contacting the patent examiner and the applicant.
6. Search for patent applications that have been published using the CPC classification you chose in Step 3 in the Applications Full-Text and Image Database. You may also employ the same strategy of searching you utilized in Step 4 to narrow your search results to just the most relevant patent applications by looking over the abstracts as well as the drawings for every page. Next, examine every patent application that has been published with care and pay particular attention to the claims as well as other drawings.
7. You can search for other US patent publications using keywords in the AppFT and PatFT databases, and classification searching of patents that are not issued by the United States per below. Also, you can utilize web search engines to search for non-patent-related literature disclosures about inventions. 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:
- European Patent Office (EPO) provides esp@cenet to access a network of Europe’s patent databases with access to machine translation of European patents.
- Japan Patent Office (JPO) – with access to machine translations of Japanese patents.
- World Intellectual Property Organization (WIPO) offers PATENTSCOPE with a full-text search of published international patent applications and machine translations for some documents, as well as a list of international patent databases.
- Korean Intellectual Property Rights Information Service (KIPRIS)
- State Intellectual Property Office (SIPO) with machine translation of Chinese patents.
- Other International Intellectual Property Offices with online patent databases include Australia, Canada, Denmark, Finland, France, Germany, Great Britain, India, Israel, Netherlands, Norway, Sweden, Switzerland, and Taiwan.
- 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.