Can I rent a patent?

BlueIron’s financing allows you to “rent” your patents by having an exclusive license to the patents. BlueIron’s financing terms are set up to have low payments during the initial years of the patent, then increase gradually over time – which is when you can better afford the payments.

Can you make money from patents?

You will not make any money on your invention. Yes, a patent can help you to sell your product at a higher price. However, it does not guarantee to do so. Patents themselves don’t make you any money.

How much money can you make selling a patent?

An inventor taking this approach to patent selling may attract $5,000 to $35,000 for their patent, or more if it’s a valuable patent. Some inventors hire a marketing service to try to interest companies; such marketing companies usually keep statistics on their success rate.

How do you lease a patent?

Steps to File a Patent License

1. Locate Manufacturers. Identify potential licensees.
2. Sign a Confidentiality Agreement. Ask potential licensees to sign a confidentiality agreement to protect rights to your intellectual property.
3. Negotiate Patent License.
4. Complete a Patent License Agreement.

What percent of patents are ever Commercialised?

It isn’t the invention process leading to patents that’s failing us; it’s the system for licensing patents and creating value through their teaching and commercialization. Of today’s 2.1 million active patents, 95 percent fail to be licensed or commercialized.

Can you assign a patent?

A patent or patent application is assignable by an instrument in writing, and the assignment of the patent, or patent application, transfers to the assignee(s) an alienable (transferable) ownership interest in the patent or application.

Should you sell your patents outright?

By selling a patent outright, you at least gain some financial reward for your invention. Selling a patent allows the inventor to generate income that will help pay the bills or finance other promising ideas. Selling a patent outright also eliminates the huge financial outlay required to start up a business based on a new product.

How do you make money with a patent?

Securing a patent is an important part of becoming an inventor or an entrepreneur. It grants you ownership to an invention and excludes others from using the invention. However, a patent alone won’t turn to profits. To generate income, you must license the rights, manufacture and sell the product, or sell the patent.

What is a patent and how does it work?

A patent is an important document which grants ownership to an invention. However, simply owning a patent won’t generate a dime for the inventor. To profit from your idea, you must sell the patent, license usage rights, or market the product yourself.

How much does it cost to sell a patent to corporations?

When that happens, a corporation may make an offer for your patent which could range drastically. In some cases you may be offered $50,000 and others it could be in the millions. The other alternative is to simply market your patent directly to corporations.