Are company's willing to pay big bucks for novel ideas
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Posted by Victor Vandell on March 08, 2001 at 06:34:01:
Hello, I am currently working on securing a patent for a novel hair care product. I have found that there is a need for the product and the demand should be high with proper marketing. I am considering selling or liscensing the product to a major hair care manufacturer once the patent is filed. I feel that the product will be worth millions once it is put on the market and sold retail. I would like to know if it is realistic to expect a major company to pay several million dollars for the patent rights if they see the profit potential in the product. Have others in the past accomplished this task with there ideas? Thanks, Victor
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