Can you sell a patented idea?
Can you sell a patented idea?
To sell a patent, the patent holder must determine the quality of the underlying invention outlined in the patent. A patent is a vital doc that grants possession to an invention. To gain revenue out of your concept, you will need to promote the patent, license utilization rights, or market the product yourself.
How do I sell a patent on Google?
If you would like to offer a license to Google for a granted patent, click here. While Google no longer considers offers to buy patents through this portal, Google has designated Allied Security Trust (AST) to handle intake of patent sale opportunities at https://www.ast.com/sell-to-ast/.
How do I sell my invention?
Three Steps to Selling Your Idea
- Know your market. This means gathering as much feedback as possible on your own invention idea.
- Do some legal legwork. Go as far as you can to determine if your invention is patentable or if it can be produced without infringement on other filed patents.
- Look into production.
How do you price a patent?
There are different methods for valuing a patent, including cost, income, and market methods. Cost method. This approach indicates that the patent’s value is the replacement cost, which is the amount that it would cost to replace the item. Simply put, it would be the amount it would cost to replace the invention.
How do you value a patent sale?
How do I sell patent pending ideas?
Create a Sell-Sheet Some inventors go to the expense of creating prototypes of their patent idea in order to sell licensing rights. But a more budget-friendly way to go requires creating a one-page sell sheet. The sell sheet needs to include a headline at the top that shows your name or the invention name.
Does Google pay for patents?
Google bought 28\% of the patents it liked Several submissions priced at more than $1 billion, including one for $3.5 billion. Lowest price Google paid for a patent was $3,000; the highest was $250,000. 25 percent of submissions were from individual inventors, the rest from operating companies.