A patent is a business
asset, just like machinery or great processes - therefore it can be sold. A
patent is simply a legal document granted by the USPTO that grants ownership of
an invention for a period of 20 years (in most cases). However, in order to actually
profit from a brilliant idea in which you’ve patented you must either sell the
patent, license the usage rights, or market/create the product yourself. With a
creative idea and strong patent, that list definitely goes from easiest to most
difficult.
If you have full rights
to patent and have made the decision to sell, there are a few ways to make this
happen. Unfortunately, there is not some online exchange for this. However, you
can still find the right person or company to sell your invention to. I
recommend making direct contact with businesses that are in the same market and
may be interested in your product. Additionally, you can attend trade shows to
further network.
Sometimes it does take
some money on the part of the patent holder in order to sell a patent. You may
have some success buying ad space in industry magazines or trade publications
to reach additional potential buyers. If all of these steps still don’t offer
any leads, it may be necessary to use a broker to sell the patent. They will
take a percentage of the total sale for their efforts.
Source:
Raad Ahmed - Quora
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