One person from egypt want to buy my us patent

I am a U.S. patent holder from Tampa, Florida, and I know my property is only protected in the US´s and its territories. One lady from Egypt found my patent add and she contacted me. she is an accredited investor for Equity Funding to businesses the United States. Also an PE/VC. She told me about her boss investor (of Turkey) willing to negotiate an outright sale/purchase under mutually agreeable terms or a partnership/joint-venture. Her boss told me that, because of her position/work, can not discuss the possible agreement with some methods of contacting/communication, but only with personal e-mails. Well, I told her that I am only interested in selling outright, nothing else, and I asked for a specific sum of money, who delayed one minute to accept. Excellent, no? Wow, no problem! But the problem is that I need a regional license for making successful the transaction: via wire transfer, so I need to buy it. Without that license she will not do anything. The other option was, me to get the money face-to-face. But, come on, and tell me I am wrong. If she pay me, I will be later stopped in the airport and that local government will order me to pay a percentage of that sum, right? How I will explain from where it came? Plus, I will be also forced to pay the current local taxes in the States. I am right? Plus, she will say, no, that is not my problem. I gave you the money, now is your problem to take it to the US´s. And, I asked her why she can not come (or send somebody) here and pay me. She is also not willing to come here and pay me directly to my bank account. She is supposed to be a millionaire. Where is the good faith? And something very peculiar and dangerous for me: she doesn't want me to have attorneys involved in any stage of the negotiations because of her work position and power. So I, who I don't know an atom of businesses and Law, have to trust all the time on her (she neither want me to see her face in webcam, unless if is in person after agreeing the deal) in blind (is she really who she says she is?) if I really want to close the intellectual selling. Also she doesn't want to let her investment be seen. So without the law protection what can happen to me if something goes wrongfully and terribly wrong? I asked her why she can not (since she is there and have a personal that can do it in her request) buy for me that license and discount it from my payment, but she got mad (remember, all is typing) and told me that is not her ´responsibility´, that is my problem. Now, let´s suppose that I pay that license and she later back-up or find something to get out of the supposed deal, then I will also lose the money invested in that license. Yes, yes, I know, I know... the concept of the riskable situations in the business world. But my opinion is, if she can pay me a seven-digit payment in a moment, why she can not take that six-digit amount (in good faith) and take it directly from my check? Does she really want my patent? Why is not her responsibility? Because I am not a good ¨student¨? Well, if were me and I want something that I really really want,, why don't help it to happens in my favor? She is there, and she knows all in her Geo-business region. Of course that is my personal opinion only. Is there something hidden and/or potently for a fraud? If she (as anybody worldwide) can copy/etc my product anywhere without the need to approach to me, why she needs my legal signature in her papers? Wait, that means that she has her lawyers working in her favor, but I had to forfeit my legal power? Come on, that is bias! What if I finally put my signature and the money never arrive to my bank account? At what name I would be payed if she doesn't want to allow anybody to see her public investments/transactions? Another foreign person or corporation? Other/further questions I am supposed to ask her?


Asked about 6 years ago in Florida
Categories: Contracts  Patents, Trademarks, Copyright

Answer Now

James R Coleman

Answer by James R Coleman

VerifiedWorldwide lawyer

From what you tell me, this is very likely a scam.   Anyone in business would never tell you not to have an attorney involved. 

This could be a variant on the "wrong amount check" scam or whatever it is called.  The mark agrees to sell ten widgets for Two Thousand Dollars.  (Made up example.)  The scammer sends what looks like a bank draft for Three Thousand Dollars.  The mark is asked to cash the draft and send the extra thousand to the scammer.  The mark deposits the draft and gets a bank draft or money order for the thousand.  A month later (drafts take a very long time to clear), the mark's bank is notified that there is no such bank in the other country.  The mark must pay his/her bank the whole three thousand plus the mark is out the one thousand sent to the scammer.  Mark also loses the ten widgets. 

Honest people have no fear of acting in the open.  This person has a reason to be hiding.

I also am in the Tampa area.  Let me know if I can help you further.

Posted about 6 years ago

Please note that this is for informational purposes only and does not constitute legal advice to you. Legal advice pertaining to your particular situation can only be provided by a lawyer who has met with you to obtain all pertinent background information necessary to give you a formal legal opinion. For formal legal advice, hire a lawyer (many give a free first consultation). Contact James R Coleman, or search the Lawyer Directory.


James R Coleman

Answer by James R Coleman

VerifiedWorldwide lawyer

To read more on these scams, see
http://www.consumer.ftc.gov/articles/0159-fake-checks

Don't be fooled.  Anyone who tells you not to contact a lawyer is someone up to no good.

Contact me on this if you wish.

Posted about 6 years ago

Please note that this is for informational purposes only and does not constitute legal advice to you. Legal advice pertaining to your particular situation can only be provided by a lawyer who has met with you to obtain all pertinent background information necessary to give you a formal legal opinion. For formal legal advice, hire a lawyer (many give a free first consultation). Contact James R Coleman, or search the Lawyer Directory.

For Lawyers:
Join the Directory
for Free!

Learn More
Patents, Trademarks, Copyright James R Coleman Florida Lawyer James R Coleman Verified Lawyer Practice limited to patent, copyright, and trademark. ... Details

Connect with us:

Family Matters with Justice Harvey Brownstone - Watch Online TV ShowWatch Online TV Show