Baltimore, MD asked in Intellectual Property and Patents (Intellectual Property) for Maryland

Q: I need help selling this patent. Do you know a company that will take on a single utility patent to sell? US 9968703 B1

1 Lawyer Answer
James L. Arrasmith
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A: There are companies and individuals who specialize in patent brokering and licensing, assisting patent holders in selling their patents to interested buyers. These entities typically have networks and connections within industries relevant to the patent's technology, allowing them to identify potential buyers and negotiate deals on behalf of the patent holder. While I cannot provide specific company names, you can search online for patent brokers or patent monetization firms to find potential partners to assist you in selling your patent.

When choosing a company to work with, it's essential to conduct thorough research and due diligence to ensure they have a good reputation and a track record of successful patent sales. Look for companies with experience in your patent's technology area and consider reaching out to multiple firms to compare their services and offerings. Additionally, consider seeking recommendations from fellow inventors or industry professionals who may have experience with patent brokers.

Before engaging with a patent broker, it's important to have a clear understanding of your goals and expectations for selling the patent. Be prepared to provide detailed information about your patent, including its technical specifications, potential applications, and any existing market interest or prior offers. Having a well-prepared and documented patent portfolio will increase your chances of attracting potential buyers and negotiating favorable terms for the sale. By working with a reputable patent broker, you can leverage their expertise and industry connections to maximize the value of your patent and achieve a successful sale.

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