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

A method and system allows arrangements and transactions in virtual world environments. The user is able to participate in transactions in order to acquire virtual property and related rights in virtual reality. Certain implementations permit real-world and virtual parties to take part in transactions that involve possible transfers or revocations for various kinds and types of rights and property virtual.

Virtual world environments often include characters that are fictional and participate in actions, events, and transactions. There are educational, financial and entertainment benefits in creating new and challenging ways for providingparticipation transactions related to virtual world environments.

Methods and systems to acquire something that has potential value in a virtual environment as described in this document may be implemented in various ways. A computerized system may include several computer programs that execute instructions.

Some system embodiments for implementing the possibility of a future transfer are the use of one or more computers for creating a virtual world environment; a first data record identifying something in the virtual world that is subject to afuture transfer from a donor to a recipient, which the future transfer is contingent on a disqualification occurrence and a second record that contains requirements for revocation of a future transfer; and the controller module is coupled to one or more computing devices that can assist in determining whether to implement the revocation of the future transfer in accordance with the conditions for the revocation.

Certain implementations described herein provide a method for implementing the future transfer within the virtual world. This includes identifying a particular virtual object or virtual right that could be being transferred to a party that is a recipient and establishing that the transfer of the specific virtual object or right from a donor to the recipient party is subject to being revoked. Additionally, the method may involve the making of a tentative transfer of the particular object or virtual right,and implementing the tentative transfer triggered by a disqualification factor which is triggered by the donor.

Certain embodiments offer a way for cancelling a possible transfer in a virtual universe by allowing the virtual world patron or its character to be a donor party licensed to perform a future transfer of one or more specific virtual objects or rights virtual to a party receiving the rights and also providing confirmation of a necessary real-world or virtual world disqualification before initiating the future transfer. Other aspects include determining whether the criteria for cancelling a future transfer are in place and completing the transfer to the recipient party in the event the criteria are not established.

Some embodiments can be implemented in an application for computers that has instructions that are programmed to execute a process that associates information with a computer system. The method could include creating a virtual world that allows a donor to arrange the transfer of a virtual object or virtual right to a person who is a recipient, and authorizing an unconfirmed transfer of the virtual object or virtual right to the receiver on the basis of an event that disqualifies the donor party, and facilitating a revocation of the transfer in accordance with pertinent information indicating that the disqualification was removed or corrected, or rectified.

An embodiment of a computer program product can include computer-readable signal-bearing devices, which include storage media and/or a communication medium to encode the instructions.

An exemplary process can be encoded onto signal transmission media and storage media within certain computer program implementations. This is feasible with multiple virtual world patrons with logon capability at different locations. Another productembodiments of a computer program may comprise an exemplary method which can be stored on media for signal transmission as well as storage media. This media can be used locally on computers that are accessible to one virtual world patron.

The transactions that take place in virtual world environments that are described herein for the purpose of illustration may be entered into by many different types of participants or entities, based on the advantages that result from embodiments andimplementations that may be desired by parties, credit institutions as well as the players, the virtual environment owner the game world operator, third party virtual and real-world companies, and other entities with an interest or connection to the transactions and arrangements in the virtual world.

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.  

Get Patents with PatentPC

What is a patent?

Patents are issued by the government to protect the invention. It gives the inventor the exclusive right to develop, utilize and market the idea. Society gains when new technology is introduced to market. These benefits could be realized directly as people are able to achieve previously impossible feats or via the economic opportunities that innovation offers (business growth, employment).

Many pharmaceutical companies and researchers at universities seek protection from patents in their research and developments. Patents can be granted to the physical or abstract nature of a product or process, or a method or material composition that are new to the area. Patent protection is granted to any invention that is valuable, novel, and not previously known to others in the same area.

Patents give inventors a chance to be recognized for commercially viable inventions. They provide a motivation for inventors to invent. Small-scale businesses and inventors can rest sure that they will earn a a good return on their investment in the field of technology development. They can earn a living from their work.

Businesses that have the capacity to:

Protect your innovative products and services.

Enhance the value, popularity, and appeal of your products market

Differentiate your business and products from others;

Access business and technical expertise and data;

Be careful not to accidentally use third-party content or you risk losing important information as well as creative outputs and other outputs.

Patents effectively transform the inventor’s knowledge into a commercially tradeable asset that opens up new possibilities for job creation and business expansion by licensing or joint ventures.

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

Patenting can generate new ideas and new inventions. This information can promote innovation and may qualify to be protected by patents.

Patents are a way to prevent untrustworthy third parties from profiting from the invention’s efforts.

Patent-protected technology revenue that is commercially profitable could be used to fund technological research and development (R&D), which will improve the chances for better technology in the future.

Intellectual property ownership can be used to convince investors and lenders that there are real chances to commercialize your product. Sometimes, one powerful patent could lead to multiple financing opportunities. You can use patents and other IP assets as collateral or security for financing. Investors may also look at your patent assets to boost their valuation of your company. Forbes and other publications have reported that every patent could add between $500,000 and a million dollars in company valuation.

A solid business plan that is well-designed is crucial for new businesses. It should be founded on IP and show the way your product or service is distinct. In addition, investors will be impressed if you demonstrate that your IP rights are secured or are on the verge of becoming secure and that they support your business strategy.

It is crucial to protect an invention before applying for patent protection. Making an invention public prior to its filing often destroy its novelty and render it patent-infringing. Therefore, pre-filing disclosures (e.g. for test-marketing investors, test-marketing, or any other business partners) should only be made after signing a confidentiality agreement.

There are a variety of patents and knowing these is vital to safeguard your invention. Patents for utility cover methods and inventions made by machines. Design patents cover ornamental designs. Patents for utility are the best option to protect the proprietor from copycats and other competitors. They are typically issued to improve or modify existing inventions. Patents issued under utility can be used to enhance or alter existing inventions. For example, a process patent will cover acts or methods of performing a specific act, whereas a chemical composition will include an assortment of ingredients.

How long does a patent last? Utility patents last 20 years from the initial filing date, but their expirations may be extended because of patent office delays for instance.

Are you thinking of the patenting of your idea? Since patents are only granted for applicants who are first to file, you need to make your application quickly. Contact an attorney for patents at PatentPC to file your invention now!

Patent searches are a must when you’re drafting the patent application. This will enable you to discover other concepts and provide insights into their potential. This can help you limit the extent of your idea. Furthermore, you’ll discover the latest technological advancements in your field of invention. This will help you to comprehend the scope of your invention and prepare you for filing your patent application.

How to Search for Patents

A patent search is the initial step to getting your patent. You can do a google patent search or do a USPTO search. After the patent application has been submitted, the product that is covered by the application can be referred to as patent-pending and you will be able to locate the patent application online on the public pair. Once the patent office has approved your application, you will be able to conduct a patent number look to locate the issued patent. Your product now has the potential to be patentable. You can also use the USPTO search engine. Check out the following article for more information. A patent lawyer or patent attorney can assist you with the procedure. In the US Patents are granted by the US trademark and patent office or the United States patent and trademark office, which also reviews trademark applications.

Are you interested in finding other similar patents? Here are the steps:

1. Create a list of terms that describe your invention based upon the purpose, composition and application.

Start by writing down a concise detailed description of your idea. Avoid using generic terms like “device”, “process” or “system”. Look for synonyms to the terms you picked initially. Then, note significant technical terms, as well as key words.

Use the questions below to help you determine key words or concepts.

  • What’s the goal of the invention? Is it a utilitarian device or an ornamental design?
  • Invention is a method to create something or perform a function? Are you referring to a product?
  • What is the composition of the invention? What is the physical structure of the invention?
  • What’s the point of the invention
  • What are the terms in the technical field and the keywords that define the nature of an invention? A technical dictionary will help you identify the correct words.

2. Utilize these terms to locate pertinent Cooperative Patent Classifications for your invention at the Classification Text Search Tool. To determine the best classification to your invention, scan the resulting classification’s class Schemes (class schedules). Consider substituting the words you use to describe your invention if you do not get any results from your Classification Text Search with synonyms like the ones you used in step 1.

3. Examine 3. Go over the CPC Classification Definition to verify the validity of the CPC classification that you have found. The hyperlink to the CPC classification definition will be given when the classification you have selected contains a blue box with “D” on the left. CPC classification definitions can help you determine the applicable classification’s scope, so you can select the most appropriate. They may also provide some search tips or other recommendations that could be helpful for further research.

4. Find patent documents that have the CPC classification from the Patents Full-Text and Image Database. You can search and find the most relevant patent publications looking first at abstract and drawings representative of.

5. Utilize this list of most relevant patent publications to look at each in detail to find similarities to your invention. Pay close attention to the claims and specifications. You may find additional patents by referring to the patent examiner as well as the applicant.

6. It is possible to find published patent applications that match the CPC classification you picked in Step 3. It is also possible to use the same strategy of searching you used in step 4 to limit down your search results to only the most relevant patent applications by looking over the abstracts and representative drawings for each page. The next step is to review every patent application that has been published with care with particular attention paid to the claims and other drawings.

7. Find other US patent publications using keywords searching in the PatFT and AppFT databases, classification searching of non-U.S. patents per below, and searching non-patent patent disclosures in the literature of inventions using web search engines. Here are a few 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.