Re: Are company's willing to pay big bucks for novel ideas

Subject: Re: Re: Are company's willing to pay big bucks for novel ideas

Comments:
: : 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 : Dear Mr. Vandell, : If life were that simple there would be no lawyers. Yet it has been done but it happens more often in the old fashioned Rover Boys books of the 20's and 30's than in real life. : We rely on the service of our Reality Check (sm) as a way of giving perspective to clients. As attorneys we do not recommend filing even when we know that we can get patents unless they pass the Reality Check (sm). : If you have filed yourself you are not likely to have the insight to get a patent with claims of any value. : If have used a Registered Patent laywer the lawyer may be working for the fee and not the invention. : If you have gotten involved with the advertising scammers, even though they use lawyers for their filing, it is only 1 in 10thou that make more than they pay. : M. Arthur Auslander : Auslander & Thomas-Intellectual Property Law Since 1909 : 505 Eighth Avenue, New York, NY 10018 : 212-594-6900, fax 212-244-0028, aus@auslander.com : ELAINE's Workshop (sm) : E arly L egal A dvice I s N ot E xpensive

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