Buy And Sell Patents
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However, this is just one side of the story. In business, everyone has different needs and therefore different strategies are needed and thus, crafted for solving them. In this article, we have shared 21 such strategies companies use to buy and sell patents irrespective of their size.
Google did try its hand at smartphone business with Moto phones briefly before selling Motorola Mobility to Lenovo for $2.91 Billion in January 2014, along with all but 2000 of its acquired patents from the deal. These very patents, perhaps were crucial to Google, as a couple of years later in 2016, Google launched the Pixel line of smartphones, designed, developed and marketed by Google itself.
Like other marketplaces, inventorhaus (formerly known as Inpama.com) is a global marketplace that allows both buyers and sellers to avail of the service for free, post-registration. Inpama offers inventors a guide, aka a few tips, which could help sell their patented inventions faster.
With 320+ members, RPX boasts of having acquired 40,000+ Patent assets till date and saving its members 3.8 Billion USD in wasteful litigation and settlement costs. Though the company offers the option to either buy insurance or become a member to avoid wasteful litigation, RPX additionally also offers patents for sale.
The company lists patent portfolios for sale on its website, highlighting the exemplary patents in the portfolio. Once you have decided which portfolio you would like to buy, you could fill the buyer information form and a representative from the organization would reach out to you. However, it is not clear whether or not RPX charges any commission or fee on the transaction for the buyer side. You could find out more by contacting the RPX team.
On Cypris, users can use our search engine to investigate active patent grants within their market, and enable our marketplace filter to identify patents available for sale or license within their very industry.
Today, marketplaces will crowd your patents within a sea of listings, and do little to no digital marketing to target the new and hungry buyers market. Cypris will change that by presenting your listing to potential buyers within your category, and prioritize its place within our search results.
RPX is one of the largest, most active patent buyers in the patent market and has spent over $3.5 billion to date to defensively acquire more than 170,000 patent assets and rights. We have brought unprecedented scale and efficiency to the patent ecosystem by working with both buyers and sellers in the market.
RPX has dramatically simplified the patent-selling process. Rather than approaching dozens of companies that you think might be using your technology, you only need to call RPX. We conduct every transaction quickly and cash payments go directly to you. Selling to RPX guarantees you will receive 100% of the value of your patent.
A patent is a vital document that establishes ownership of an innovation. However, simply possessing a patent will not bring the inventor any money. You must sell the patent, license usage rights, or market the product yourself to earn from your invention. If your idea has become a viable product after months of fiddling and experimenting, and you have a patent for your innovation after a successful patent search and application process. So, what's next
When you sell a patent, you can expect a speedy return on your investment. Thousands of inventions are patented each year, yet only a small percentage of those earn significant revenues if any at all. Some languages have been around for so long that their patent has expired. You can at least get some money for your invention if you sell your patent outright. Although a quick, painless payment may sound appealing, selling the patent throws up the inventor's claim to future benefits from his or her invention. Furthermore, until the product has been on the market for a long period, the money obtained from selling a patent may be insignificant. A patent buyer is unlikely to invest a lot of money on an unproven invention that is unlikely to make a lot of money.
For most inventors, licensing the right to create, use, or sell their product is the most profitable option. You keep ownership of the invention as a patent holder, and you get paid royalties on future sales of the product. An exclusive license can be granted to a single company or a group of enterprises. If you license your idea through a well-known corporation that already has the trust of the public, you'll have a better chance of making a lot of money. In addition, the licensee is responsible for any product malfunctions. Licensing usage rights, like selling a patent, does not ensure financial success. Your royalty cheques will be cancelled if the product fails to sell in the marketplace. Royalty payments range from 5% to 20%, so the patent holder would have to sell a lot of merchandise to get a lot of money. Relationships with licensees might sour, resulting in additional legal expenditures and headaches. Research the possible licensee and contact inventors' organizations like the United Inventors Association before giving away licensing rights.
All proceeds will go to your bank account if you create and market your idea yourself. However, legal and accountancy fees, business startup charges, and headache treatment could eat into those profits. The majority of inventors are terrible businesspeople. It is probably advisable to sell your patent or lease usage rights unless your idea requires little start-up cash and you are well-versed in corporate bureaucracy. Maintain a professional demeanor in your marketing activities. To promote your invention, write official letters and attractive brochures. A prototype, or at the very least a good drawing of the product, is also beneficial.
With the increase in competition for providing a marketplace, hundreds of patent owners face a dilemma every time they want to sell their patents. They're undecided about whether or not being listed on the first marketplace they came across is the best option. Furthermore, it is aggravating to browse through the websites of each marketplace, weigh the benefits and drawbacks, and choose one where they may put their patents in the hopes of a quick sale.
The problem of monetizing a patent portfolio isn't the only one in the IP landscape. Whether it's expanding a domain's patent portfolio or acquiring patents for defensive purposes to operate freely, it's common knowledge that patents listed on marketplaces can be purchased for a lower price than reaching out to individual patent owners, who will inflate prices if they believe the buyer, is a large entity.
In addition, the money earned from selling a patent may not be substantial unless the product has been on the market for a long time. The patent buyer usually won't want to spend a lot for an unproven product that might not generate a big profits. But what if the product does becomes a hit You sold the patent for $500 but new patent owner rakes in $500,000 in profits!
Licensing the right to make, use, or sell your product is usually the most profitable route for inventors. As patent holder, you retain ownership of the invention and earn royalty payments on future sales of the product. You can grant an exclusive license to one company or several companies.
Like selling a patent, licensing usage rights is no guarantee of financial riches. If the product fizzles in the marketplace, so will your royalty checks. Royalty rates run from 5% to 20%, so the product would have to sell quite a bit for the patent holder to earn big money.
Most inventors make lousy business folk. Unless your invention requires scant start up capital and you are well-versed in business bureaucracy, it is probably wiser to sell your patent or license usage rights.
Several companies have sites on the Internet where inventors can advertise their patents for sale. Some sites are free while others charge a fee if the patent is sold. Before posting your invention anywhere, check out the United Inventors Association website, which has news on unscrupulous invention schemes.
A contingent fee broker will market your invention to manufacturers and receive payment for services if the product is sold, typically in the form of a percentage of royalties or cut of the sale. Never pay a broker in advance for his services. Reputable agents will only charge you if they sell your invention. Beware of invention submission companies. There are lists of inventors who have paid thousands of dollars to these companies and have nothing to show for it but an empty wallet and broken dreams. Many of these companies have been charged with fraud by Attorney General offices in various states and by the federal government. Before using the services of any broker or company that offers to market your invention, check them out through the Better Business Bureau and United Inventors Association.
Paragraphs (b) and (c) define and limit contributory infringement of a patent and paragraph (d) is ancillary to these paragraphs, see preliminary general description of bill. One who actively induces infringement as by aiding and abetting the same is liable as an infringer, and so is one who sells a component part of a patented invention or material or apparatus for use therein knowing the same to be especially made or especially adapted for use in the infringement of the patent except in the case of a staple article or commodity of commerce having other uses. A patentee is not deemed to have misused his patent solely by reason of doing anything authorized by the section.
Individual, unique announcements about newly-minted patents from the U.S. Patent and Trademark office include the contact information of the owner of the rights and basic schematics of the newly-patented invention.
One can browse auction houses or trade show listings, as well. Hard copy and digital means of doing so both exist, and are a great source of patents that are not directly available for sale through the United States Patent and Trademark Office. 59ce067264
