How Do I Patent An Idea And Sell It
Seek the backing of a licensee who will market your idea or a new version of it based on the user reviews. The patent application would establish you as the inventor and date of invention for your idea.
Feb 13 2006 Step 1.
How do i patent an idea and sell it. Apr 15 2019 The key aspect of patenting an idea is that you need to prove to the USPTO that your idea is worth patenting. Make a prototype of your invention when filing a patent. Dec 10 2019 Prototype as soon as possible.
You can use online marketplaces and trade shows to reach potential buyers for your product. Mar 18 2019 Make sure that your idea really is your idea and only yours. How to Sell a Patent.
Analyze the market for your invention. Many inventors have profited from selling their patents. Take the Money and Run.
Prepare your patent application and. Steps to Patent an Idea. Action without any clear vision is like getting lost in the wilderness without a compass.
One way to do that without a patent is with a nondisclosure agreement aka NDA. A patent search will let you know if you may need to modify your product. A provisional patent will not automatically convert into a full patent.
The NDA would limit the companys ability to. Selling a patent is usually not feasible unless and until you have actually built a prototype. Inventions Great ideas and visions are only that if not carried into action.
Licensing your idea is. Jan 11 2012 United States patent laws do not require you to have a prototype in order to apply for a patent all that is required is that you be able to describe the invention so that others could both make and use it. The author is a patent attorney with over 28 years experience in patents and trademarks.
After a successful patent search and application process youve gotten a patent for your invention. In order to sell an idea you will have to prepare all the paperwork relevant to it especially technical documentation. Yes its the information age--which means the more info youre armed with the better off youll be.
Similar inventions can make your patenting process more difficult. Advertise that your patent is for sale. Any written documents related to your patent should also be given to the other party.
These documents should contain your name the title of the invention the patent number and the date of patent issue. Sep 14 2019 You could file a patent application first. Dec 01 2009 To profit from your idea you must sell the patent license usage rights or market the product yourself.
Great Inventors VIP Inventors that know how to sell a patent are those that figure out how to implement their vision and change the world. Then create an agreement with the licensee you choose. Months of tinkering and experimenting have turned your idea into a viable product.
Research your idea to make sure it is eligible for patenting under established patent law. Sep 26 2017 Present your patent idea in a short persuasive session. You can conduct a search for free online through the US Patent and Trademark Office website.
To start draft the initial agreement terms and provide a copy to the buyer for analysis and approval. If another person filed a patent application after you told them the idea then your patent application would prevent them from. Dec 29 2010 Method 1.
The simplest way of turning your intellectual property into revenue is to sell the patent outright. As with every business transaction preparation is the key to a successful patent sale. You need a way to stop them from stealing the idea from you.
Decide whether you want to. For each company demonstrate your prototype present the benefits to that company and address the financial information. So while you do need to have some kind of identifiable embodiment you can start by proving your concept on paper.
If you can convince the officers at the patent office that your idea is unique and valuable you will be able to patent it. Figure out how much investment you would have to make to sell your product to the public and compare that. Aug 13 2019 You can sell an idea to a company without a patent.
Prototyping and asking people for. Leave a brochure or handout that explains the product features and a summary sheet of the patent research and financial data. Keep a record of how you came up with the idea and your step by step progress.
