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1. ised-isde.canada.ca › site › canadian-intellectualIntellectual property: It's yours. Own it. - Canada

   ised-isde.canada.ca › site › canadian-intellectual

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   But you can't license or sell something that you don't own. The earlier you start thinking about how the patent process could apply to your creation, the better. In Canada, patents are granted to the first inventor to file an application, so it is smart to file as soon as possible after you complete your invention in case someone else is doing ...

2. www.inc.com › stephen-key › should-you-venture-orShould You Venture or License Your Invention Idea? - Inc.com

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   Feb 3, 2022 · In exchange for the right to make and sell your idea, your licensee — a company already in business — pays you a small percentage of each unit based on the wholesale price. This is what’s ...

3. Videos

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     How To Sell Your Invention To A Company

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     How to License Your Product Ideas Without a Patent

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4. ised-isde.canada.ca › site › canadian-intellectualPatents – Learn the basics Inventing the next big thing ...

   ised-isde.canada.ca › site › canadian-intellectual

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   A patent gives you the exclusive right to prevent others from making, using or selling your invention in any manner. This only applies to countries that have granted you a patent. It is valid for up to 20 years from the date you file your application.

5. www.entrepreneur.com › leadership › inventors-heresInventors, Here's How to License Your Idea and Make Money

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   • You're going to need a lot of ideas. In fact, you're going to need to learn how to become an idea factory. You cannot bank on one idea. Learn how to focus your creativity, to be in control of it.
   • Don't spend a lot of money on any one of your ideas. You need the test the benefit of your ideas to see if there's interest first — before spending a lot of money on prototypes and patents.
   • Only when there's interest, build a prototype. Companies are going to want proof of concept, of course. They want you to spend money and time on your prototype, of course.
   • You don't need a patent. This surprises many people. Patent lawyers and the United States Patent and Trademark Office don't love to hear this. Sure, in a perfect world companies would love to have a monopoly on an idea.

6. www.cadcrowd.com › blog › the-route-to-selling-yourThe Route to Selling Your Invention: Marketing or Licensing ...

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   Oct 15, 2019 · Licensing an invention involves taking a well-formed (though not necessarily fully developed) idea and granting a company with an established manufacturing and distribution network the rights to produce and sell that invention for a period of time.

7. www.nolo.com › legal-encyclopedia › license-orShould You License or Manufacture Your Invention? - Nolo

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   To license or assign your invention, however, you actually need something to license or assign. This is where patent law often comes into play. Inventors must have some sort of intellectual property protection over their invention, which another person or entity would buy (or "rent").

8. People also ask

   Should I license or sell my invention?

   • Licensing or selling that same idea to a company that's already prepared to undertake such an endeavor might yield better results, unless you have the financial capital to invest in your own operations. Often, however, the decision to license is based more on the person than on the particulars of the invention.

   Should You License or Manufacture Your Invention? | Nolo

   www.nolo.com/legal-encyclopedia/license-or-manufacture-invention-29775.html

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   Should you license or assign your invention?

   • Licensing or assigning your invention is often preferable for inventors who want to make money, but care primarily about innovating and spending time in the office or lab. These types of inventors are generally unwilling to undertake all of the business-related tasks involved in developing, manufacturing, marketing, and selling an invention.

   Should You License or Manufacture Your Invention? | Nolo

   www.nolo.com/legal-encyclopedia/license-or-manufacture-invention-29775.html

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   How do I license my invention?

   • How to license your invention. There are several steps to successfully licensing your invention. First, you must find the right people to review your idea and ensure that it has appeal. Second, you must raise the money necessary to develop and protect your invention, such that it can be licensed in a complete form to a third party.

   Should You License or Manufacture Your Invention? | Nolo

   www.nolo.com/legal-encyclopedia/license-or-manufacture-invention-29775.html

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   Why do you need a license for a new invention?

   • Certain innovations, because of their complexity, scope, or exorbitant cost of production, readily lend themselves to licensing. For example, if you design a new piece of industrial machinery, you might not have the money or factory space to easily mass produce it.

   Should You License or Manufacture Your Invention? | Nolo

   www.nolo.com/legal-encyclopedia/license-or-manufacture-invention-29775.html

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   Can I get a patent if I disclose my invention?

   • If you publicly disclose your invention before filing, it may be impossible to obtain a patent because the invention will no longer be considered new. However, you could benefit from Canada's 12-month grace period, which allows applicants to file after disclosing the invention. Before you file, search for existing patents or patent applications.

   Patents – Learn the basics Inventing the next big thing ... - Canada

   ised-isde.canada.ca/site/canadian-intellectual-property-office/en/patents-learn-basics-inventing-next-big-thing-learn-why-patents-matter

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   Do inventors need a patent?

   • Most inventors will apply for a utility patent, or more likely, a provisional patent (which confers limited initial rights more quickly than a full patent). What is a license?

   Should You License or Manufacture Your Invention? | Nolo

   www.nolo.com/legal-encyclopedia/license-or-manufacture-invention-29775.html

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9. inventright.com › innovate-this › difference-betweenThe Big Difference Between Selling And Licensing Products

   inventright.com › innovate-this › difference-between

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   Jul 19, 2023 · Should you start a business to manufacture and sell your idea yourself? Or, should you license your idea to a company that is already in business and receive royalties instead? There is a big difference between selling and licensing products.