November 28, 2024

Presenting a Patent for Sale to a Company

Sometimes, these corporations additionally declare that they’ll patent your idea, which is unimaginable. (Any competent patent attorney will inform you that solely an invention may be patented, not a mere idea.) Nonetheless, even the sharpest inventors are typically drawn in by these seductive guarantees. Whereas it might sound logical to attribute this to laziness, that doesn’t appear to be the case. Inventing is hard, diligent work. The extra possible clarification is that inventors usually are not accustomed to the business aspect of patents and these corporations appear to be a wise technique to go 특허권매매.

In actual fact, inventors with patent ideas can bypass this chump’s game and do most (if not all) of their patent sale displays themselves. All you want is a few data about how corporations consider patents and emphasize the advantages of yours. With that in hand, you’ll be primed and able to exit and promote your patent to a purchaser.

First, it is advisable determine the way you need to promote your patent. Your two decisions are to license your patent or to assign it. Basically, licensing your patent permits you to retain the underlying rights however grant another person — the licensee — the fitting to make one thing primarily based on the patent. In alternate, you get royalties and no matter efficiency obligations you write into the license settlement. Assigning a patent, on the opposite hand, is an outright switch to another person, after which that particular person is the only, unique proprietor of the patent. (Learn our in-depth article on patent licensing for extra info on each choices.)

After you have determined whether or not to promote your patent through licensing or project, the subsequent step is to find out which company you ought to be making your pitch to. For instance, the inventor of a brand new, lighter and extra sturdy bicycle tire may assume that he wants to speak to Wal-Mart or the Sports activities Authority. In reality, he needs to talk with corporations like Huffy or Schwinn, ie, corporations who make and manufacture bicycles. They’re who could be more than likely to purchase your patent, because it coincides with their present line of business. It is what these within the business name a “pure match.”

He may even need to go additional down the chain and strategy the company who creates bicycle tires, if this can be a totally different company. The nearer you will get to the bodily implementation of your idea, the extra possible it’s that your presentation will likely be favorably obtained.

The explanation for that is easy. The upper up you go, the extra layers your idea must cross by means of till it reaches the folks whose lives will likely be concretely affected by it. Not solely that, however different folks won’t current your idea with the power and enthusiasm that you’ll. The significance of narrowing down the checklist of corporations to make your gross sales pitch to on this approach can’t be confused sufficient.

When you establish the company it is advisable converse to, it is advisable work on what you’ll say to them. To maintain our instance of a brand new form of bike tire; you need to emphasize to the tire producer why your design of tire is superior. Past that, you need to reveal why the company wants to make use of your design. As an illustration, you may need to embrace in your presentation a survey the place 75% of respondents stated that shoddy bike tires are the explanation they don’t purchase new bicycles. The idea is to give attention to advantages to the company, somewhat than hype and self-promotion. That is what’s going to make them keen to purchase your patent and put it to make use of of their products.

After you have ready a transparent, benefit-driven presentation, the ultimate step is to make the pitch. Usually, you will discover a business development mailing handle or e-mail handle on the company website. Simply ship them a short, to the purpose be aware saying that you’ve a business proposal you wish to focus on. Be sure you embrace sufficient particulars to get their consideration, however not a lot that your be aware turns into a novel.

Above all, keep confidence in your self and your patent. If in case you have fastidiously although issues by means of, you’ll be able to certainly promote your patent on phrases which might be favorable to you and your future prospects.