Your IP Attorneysm Markets Patents
You have a patent, or a pending application, and you have made a prototype that works. Your invention solves an annoyance or problem that many people or companies have. Now, without a huge investment and starting your own company, how can you turn your invention in to money?
The answer is, by licensing the invention to a company already in a related industry, which has manufacturing ability, capital, a distribution channel, and a marketing team with sales people.
But how do you get through to these companies? Global companies employ big staffs to invent things and, with all that investment, they are reluctant to pay some outsider for their invention.
Small and medium sized companies are always looking for great new inventions that can improve their products or provide something new to sell.
I am serious about licensing patents for inventors. Are you a serious inventor? Find out by using my quick and easy patent checklist.
Unlike most attorneys, I was an engineer before I went to law school--studying physics, chemistry, biology and plenty of math, at MIT and Johns Hopkins--and I have also written quite a bit of software. All this means I can understand your invention in detail.
Call 410-292-6989 or Skype™ NegotiationPro for a
free consultation to see if I can
What is the story with Invention Marketing Companies? Their business model is getting inventors to part with money for one of three things:
• For a "provisional" patent or design patent, touted as a poor man's substitute for the expense of a 'real' patent (neither is).
• For preparing and "prosecuting" an application for a patent—a reasonable goal, but they heavily mark up the services of the patent attorney they refer you to. As an attorney, I can refer you to a patent attorney, and I will, but I am not allowed to up the cost or get a referral fee.
• For preparing marketing and advertising materials and placing ads. Fine, but they get paid whether or not it works. And many of them claim to be blown away by the quality of every idea or patent you show them. I am not. I market only highly marketable patents. And as an attorney I am required to follow the published Rules for Professional Conduct, 215 pages worth. Ninety per cent or more are there to protect the client.
What do I do? I recognize that companies do not buy or license patents--they buy technology that can make money. An idea alone is not enough. Stay on track by using my patent checklist.
I will work with you to find good potential licenses. Then I present your invention to them and persuade them they will be profit a great deal by licensing. Finally, I negotiate and draft a license that protects all your interests. (There is no such thing as a "standard license.")
Marketing an invention is a collaboration between inventor and the agent/attorney. I rely on the inventor to know his or her invention best, to provide information on manufacturing cost and industry information (which companies to approach?) and usually to make prototypes.
Working together, with the right invention, we have a good chance to both make money.
So, please contact me about your invention and don't put it off. Evaluation (with only a provisional or utility patent filed): $300. Evaluation (with a utility patent granted): $100. General discussion of patents and licensing: Free.