Wethersfield, CT asked in Patents (Intellectual Property) for Connecticut

Q: Filing For A Patent

How To Do It , Money And Selling The Patent .

1 Lawyer Answer
Peter D. Mlynek
Peter D. Mlynek
  • Patents Lawyer
  • Moorestown, NJ

A: How to do it: you need to hire a patent attorney. The patent attorney will need to know about your business model, your product's PLC, your geographical scope of operations, and something about your product that you want to get a patent on.

Generally, you do not sell a patent; you sell a product line or your business. If you have a nice product that another company wants to buy, then you'll sell them the production facility, distribution network, blue prints, marketing campaign materials, client lists, and rights to the product, such as trademarks and patents. It is package deal. You could try to just sell the patent itself, but it would be very difficult to do so, and you are not going to get much money for it.

How much to get a patent? Generally $20k to $30k. I've gotten them below 10k previously, but I've also seen them over $50k.

Good luck! And if there is anything that you need help with, feel free to reach out.

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