Selling your Patent

Many patent owners choose to sell their patents, either because they can’t afford the maintenance fees to the patent office or their patent lawyer fees.

Typically, inventors sell patent due to the fact that they can’t get the product to market effectively or they are not making any sales.

The sale of a patent involves more money upfront but does forfeit the loyalties if you were to hand over the license of the product.

So what should you do?

Patents do however generally earn more over time from the loyalties than selling the patent so think twice about selling and more about selling the rights to someone to use your design.

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