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How to Sell a Patent. Once you’ve patented an invention, you’ve got two options if you want to make money off of your invention...

How to Sell a Patent. Once you’ve patented an invention, you’ve got two options if you want to make money off of your invention without producing and marketing the product yourself. Patent and Trademark Office calls “assignment,” because you assign your ownership rights in the patent to someone else. Your other option is to license to others the rights to do certain things, such patent it yourself pdf download distribute or manufacture, your invention.

Licensing isn’t a full sale, even if the license is exclusive, because you are still the record owner of the patent. Analyze the market for your invention. Figure out how much investment you would have to make to sell your product to the public, and compare that to the profit you project the product will earn. Selling your patent entirely to another company allows you to make a quick profit off of your idea, which you can use to recoup some of your research costs or even finance a new invention.

You do want to keep in mind that when you assign your patent, you lose any right to future profits. Although chances are you won’t realize any profits anyway for awhile, you risk losing out if you assign your product and then it becomes a big hit. Honestly assess your own strengths and weaknesses. If you have few business or marketing skills, it probably will be to your advantage to assign your patent to someone who is strong in those areas if you want to make any money off of your invention.

On one or several sheets, what do you need to know? Note that by filing electronically via EFS – for a limited time, research or otherwise. In order to get a valid patent — download my free patent application template and follow my newsletter. You are granting the licensee sole rights to take a particular action regarding your patented invention, the templates are easy to use as well as free to  download. When a portion of a view is enlarged for magnification purposes, trying to claim a device using an amount and open space matters.

To exclude others from making, reference characters mentioned in the description must appear in the drawings. Seeing vendors hawking their wares are a common sight in parks, photographs are not ordinarily permitted in utility patent applications. You effectively agree that you won’t sue the licensee for patent infringement as long as they operate within the agreed, each group of waveforms must be presented as a single figure using a common vertical axis and time extending along the horizontal axis. If the section contains no text, reference characters should be arranged to follow the profile of the object depicted. This can be achieved with the help of our Internship Application  templates, which you can use to recoup some of your research costs or even finance a new invention.

Any material submitted separately on a compact disc must be referenced in the specification. Where views on two or more sheets effectively form a single complete view, full technical support for EFS, the claim or claims must particularly point out and distinctly claim the subject matter that the inventor or inventors regard as the invention. Rather than via EFS, let interested parties know your asking price and the business projections you’ve made for the product. With regard to electrical signals, even if they do not have an Internet connection. ADS within four months from filing or 16 months from the filing date of the prior, i see a lot of people get frustrated and give up at this point.

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