Category: Step 5: Monetizing Your Patent

Are you a talented inventor with more of a passion for inventing than running a business and competing in the market?

Or maybe you’re a business person looking to either buy out competing patents or get the rights to something that would be perfect for your brand.

When you want to invest in stocks, you call a stock broker. The same is true for patents and other forms of intellectual property. 

With the thousands of patent brokers in the United States alone, finding the best one for you can be a tricky challenge. Luckily for you,...

Did you know that 97% of all patents never make any money whatsoever? Combine that with the fact that the patent cost alone can set you back upwards of $40,000, that figure can be absolutely crippling to entrepreneurs who don’t have the luxury of a multi-million-dollar corporate safety net.

Patent infringement can be a scary phrase, but as a business and/or intellectual property owner, you should be prepared to face it. This can be a problem not only nationwide, but globally as well - and cases are frequently met with lawsuits.

This is when patent acquisition to better...