Monday, 30 March 2015

Ways to Sell Patent ideas

A unfinished patent is associate intermediate step before casting off a full patent. It protects your plan however does not price the maximum amount or need the maximum amount work as a full patent would. this provides you an opportunity to test-market your plan while not having to fret that the companies you show it to can duplicate it and apply for a patent of their own. you must check that that your plan is one you may be able to patent eventually.

Confirm that your plan are a few things you'll patent. To qualify for a utility patent, for example---the class that has machines, chemicals and made items---your projected invention should be helpful and considerably totally different from previous inventions. It should even be non-obvious, one thing that may surprise professionals in your field of analysis.

Draft and submit a conditional application beside the fee ($220 as of 2011). the appliance can embrace text and drawings particularization your invention and the way to use it. Once you submit that to the U.S. Patent Office, you have got twelve months to submit a full patent application; afterward, your conditional application can expire.

Condense your construct right down to a one-page pitch. make a case for what you've got unreal and why it'll be profitable. Then contact mid-sized, growing firms to propose licensing your plan, ideally somebody within the sales, development or selling departments instead of the CEO.

Talk to the corporate representatives regarding the licensing fees they'd be willing to pay to become the exclusive manufacturer of your plan. take care to not demand too much: till your product hits the market, it's still unverified, and also the company that sells it'll shoulder most of the danger
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