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I have an Invention ... Now What?
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   How to sell a patent
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   Author  Topic: How to sell a patent  (Read 9294 times)
EA_Pres
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How to sell a patent
« on: Jan 28th, 2005, 2:51pm »
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We are interested in selling our patent. Our product was put on the market in 2002. Sales are growing nicely, and over half our sales are to resellers overseas.  
 
We want to offer our patent for sale to some large companies, and need to know what large companies look for, in terms of documentation, to consider purchasing a patent. We are considering offering a 20 to 30 page document that essentially includes our buisiness plan along with current finanicals and projected growth.
 
Is this what the large companies look for when being offered a patent or will we overwhelm them with details?
 
EA Pres
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Daretodream
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Re: How to sell a patent
« Reply #1 on: Jan 30th, 2005, 7:30pm »
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If your product sales a growing why would you want to sell your patent? Think about licensing it. You can license to more than one company. Hold on to your patent, this is your only leverage. Since your product has not been on the market that long you probably won't get any real amount of money for it. Just a thought
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Cindy
How to sell your product to Wal-Mart
http://howtosellyourproducttowalmart.com
JimIvey
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  jamesdivey  
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Re: How to sell a patent
« Reply #2 on: Feb 16th, 2005, 2:08pm »
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I only handle the IP side of that equation, not the business side.
 
On the IP side, they'll want to see clear title -- preferrably recorded at the USPTO, an evaluation of the breadth of claims, all feasible work-arounds, and any weaknesses in enforceability.  They may want a prior art search as part of their due diligence.  They really ought to do their own due diligence, so don't do that for them.
 
On the business side, they'll want a clear picture that this will make them money.  Exactly what goes into making a case for profitability is beyond what I do.
 
Good luck!
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James D. Ivey
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Dr.Chitra Savangikar
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Re: How to sell a patent
« Reply #3 on: Jul 3rd, 2007, 11:48am »
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I too want ot sell my patent application filed in US, EPO and India in area of nutraceutical to global companies. Will it be useful to subscribe to patent auction? Any tips would be useful. Thanks
 
Dr. Chitra Savangikar
 
Inventor
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Tom Meitz
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Re: How to sell a patent
« Reply #4 on: Nov 28th, 2007, 3:28pm »
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Hey everyone, I'm new to the site. I posted my patent for sale on several sites. I had the best response from ideabuyer (ideabuyer (dot) com) from which I had over 20 inquiries in 2 months. I ended up licensing it to a company that contacted me on their. When I posted it only cost about $30/month.  Definitely worth it. Hope that helps.  
 
Tom
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