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Everything you need to know about selling a patent

  • Written by Anna Koretskaya

While thinking about selling patent rights inventors often do not know or do not use all possible ways to find an investor or buyer. Of course, selling a patent is not the same as an ordinary trade. At the same time, there are online stores that allow a potential patent buyer to go to the desired category, add the patents he is interested in to the basket, pay for them, and the patent owner will receive money and transfer the rights. Let’s find out how to sell patents easily.

How to sell my patent?

There are many services that help in selling patents to companies. Some of them offer free placement, no commission and promise hundreds of views per day. It may be one of the effective promotion channels on the way to the investor or technology buyer.

Today, there are many services on the online patent market that can be useful in one way or another to patent owners interested in selling a patent to a company.

In order to make contacting one of these services more efficient, a number of nuances and recommendations should be taken into account initially:

  • * Determine the purpose of the service.

  • * Read the rules of the service in order to understand all the rules clearly.

  • * Ask if the terms of the service forbid you to post information about the patent on other online sites at the same time.

Useful tips

Many services offer and allow you to add as much information about the invention as possible. Do not be too lazy to describe the prospects for its implementation and the problems it solves.

It is important to have a presentation, a video review of the product, production-related calculations and other data that may be of interest to the buyer. If you have conducted a patent search, this is also a benefit that will affect the loyalty of a potential buyer.

The intellectual property markets are a whole world with its own rules, work algorithms and intersection points between inventors and buyers. The main thing is to understand the goals, how to sell my patent and seize the opportunities.

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