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How much can you sell your patent for?

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How much can you sell your patent for?

If the corporation makes an offer, it will typically be anywhere from $50 thousand to $8 million, and can be higher. On the other hand, an inventor trying to simply market an issued patent to corporations, is likely to get anywhere from $5,000 to $35,000.

Can people buy your patent?

As soon as they want to “monetize” that value- so sell their patent – the situation becomes complicated. According to our experience only is very rare cases do companies or private person buy a patent voluntarily, that means without forcing them to do so, e.g. by accusing of infringement.

Where can I sell a patent?

If you are one of the many inventors or entrepreneurs looking to buy or sell patents, here are some great places to do so:

  • Free Marketplaces. Patent Mall. PatentAuction.com.
  • Paid Marketplaces. Yet2.com. IAM Market.
  • Patent Brokerage Marketplaces. ICAP Patent Brokerage. IP Trader.
  • Programs for Patent Owners. Marathon Patent Group.
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How to contact a company to sell a patent?

Contact an Attorney. Before contacting a company,you should meet with a patent attorney.

  • Nondisclosure Agreement. Before you approach a company,you may wish to draft or obtain a nondisclosure agreement.
  • Planning Your Approach. Develop a plan for what you will say to company representatives when you reach them.
  • Make Contact.

    • Can I Sell my product without a patent?

    Even if you intend to sell your product without a patent, at some point a patent will have to be secured for your idea and without an inventor logbook, it is impossible to secure the patent. Your idea will be less marketable to a major distributor if a logbook is not kept.

    Can you sell an idea to a company without a patent?

    Once an idea or invention is patented, no one can use that invention without the patent holder’s permission. Because of this, many companies will not purchase the rights to an idea or invention unless they know it is patent protected and no one else can sell the same invention.

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    Can you sell a provisional patent?

    Yes, you can absolutely sell a provisional patent application. But to increase the value of your provisional application, you should make sure that it is well written. It should thoroughly describe your invention with enough detail to allow somebody else to make it.