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1. www.heerlaw.com › patent-licensing-steps-strategiesLicensing Your Patent: Steps And Strategies - Heer Law

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   Sep 14, 2024 · If retaining rights in the patent is not especially important to you, you may wish to consider selling your patent rights outright to see an immediate lump sum return and dispense with any ongoing obligations with respect to the product and patent.

2. ised-isde.canada.ca › site › canadian-intellectualLearn patents – Canadian Intellectual Property Office

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   A patent is a legal right to prevent others from making, using or selling your invention for up to 20 years in the country or region where your patent is granted. You can patent products, processes, machines, chemical compositions and improvements or new uses of any of these.

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4. www.legalzoom.com › articles › selling-your-patentSelling your patent: What you need to know - LegalZoom

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   Mar 24, 2023 · To profit from your idea, you must sell the patent, license usage rights, or market the product yourself. Months of tinkering and experimenting have turned your idea into a viable product. After a successful patent search and application process you've gotten a patent for your invention.

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   • Author: Beverly Rice

5. www.thoughtco.com › should-i-license-or-should-iDeciding to Licence or Assign When Selling a Patent - ThoughtCo

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   Feb 5, 2019 · The Licensing Route. Licensing involves a legal written contract where you the owner of the patent are the licensor, who grants rights to your patent to a licensee, the person that wants to license your patent. Those rights can include: the right to use your invention, or copy and sell your invention.

   • Author: Mary Bellis

6. www.lexology.com › library › detailTo sell or to license: how to choose the right strategy to ...

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   Feb 23, 2022 · While technology rights can include patent rights (whether enforceable or in the application stage), copyright and, trade secrets, this article will focus on patent rights and copyright...

7. bltg-ip.com › how-to-sell-a-patent-legalHow to Sell a Patent: Legal Considerations and Best Practices

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   6 days ago · You can sell your patent (s) to overcome this challenge. The buyers most likely have the resources to bring your idea to life. Selling a patent can help you raise funds to finance other projects. So, how do you sell a patent? Here are the legal considerations and best practices. Understand Patent Rights.

8. People also ask

   Should you sell your patent or license usage rights?

   • 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. Be professional with your marketing efforts. Prepare formal letters and nice looking brochures to showcase your invention.

   Selling your patent: What you need to know - LegalZoom

   www.legalzoom.com/articles/selling-your-patent-what-you-need-to-know

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   Should you sell a patent outright?

   • By selling a patent outright, you at least gain some financial reward for your invention. Selling a patent allows the inventor to generate income that will help pay the bills or finance other promising ideas. Selling a patent outright also eliminates the huge financial outlay required to start up a business based on a new product.

   Selling your patent: What you need to know - LegalZoom

   www.legalzoom.com/articles/selling-your-patent-what-you-need-to-know

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   Does a patent application have exclusive rights to a product?

   • Although a patent application, prior to issuing to a patent, does not come with any exclusive rights to the product, it can be a valuable card to play because it shows a potential licensee that you are serious about your invention, have invested in its protection, and may one day have exclusive rights to licence.

   Licensing Your Patent: Steps And Strategies - Heer Law

   www.heerlaw.com/patent-licensing-steps-strategies

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   Why is a patent important?

   • A patent is an important document which grants ownership to an invention. However, simply owning a patent won't generate a dime for the inventor. To profit from your idea, you must sell the patent, license usage rights, or market the product yourself. Months of tinkering and experimenting have turned your idea into a viable product.

   Selling your patent: What you need to know - LegalZoom

   www.legalzoom.com/articles/selling-your-patent-what-you-need-to-know

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   What is the difference between licensing and a patent?

   • The differences between the licensing and the assignment of a patent. After you've brought your new idea to full fruition, you've invented it; and after you've gotten your intellectual property protection, you've patented it. Like most independent inventors, the next task at hand will be commercializing your product, you make money from it.

   Deciding to Licence or Assign When Selling a Patent - ThoughtCo

   www.thoughtco.com/should-i-license-or-should-i-assign-my-patent-1991823

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   Should you license or sell your invention?

   • Or is your invention ready for commercialization, ready to make and sell, and you have determined that sales would be good and that you want royalties, then licensing is probably the better choice for you. Many inventors might be faced with a choice, should they sell their invention outright or should they license it?

   Deciding to Licence or Assign When Selling a Patent - ThoughtCo

   www.thoughtco.com/should-i-license-or-should-i-assign-my-patent-1991823

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9. www.mondaq.com › canada › patentTo Sell Or To License: How To Choose The Right Strategy To ...

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   Feb 28, 2022 · Two common ways to transfer rights are through sale and licensing. While technology rights can include patent rights (whether enforceable or in the application stage), copyright and, trade secrets, this article will focus on patent rights and copyright alone.