How to Sell Your Patent

[@curtisfarrington2892]

Thank you J.D for all the great information you shared.

[@boldpatents]

Glad it was helpful!

[@gee3883]

Do you have any examples of products you have licensed? thanks

[@custodianfile]

I am looking to buy a old expired patent for my bucket list. How can I find one ?

[@boldpatents]

I've got an introduction for you - send me an email to [e-mail].

[@Kdlrboi]

Dear sir, The physics laws say that free energy machine is not practical. If it is practical then its breaked the law of physics.What if the free energy concept became invented then patented. What will be the approximate market price or value of that patent

[@boldpatents]

If you've developed a perpetual motion machine that defies modern physics, it would be nearly priceless.

[@stevelawrence5268]

Would't a buy out option contract or package be a healthy approach in the event if the invitee ( meaning the said inventor) is not considered a viable commercial entity within industrial quarters ?

[@boldpatents]

I'm not sure I totally follow you here. Do you mean if the inventor's business doesn't seem viable (market not ready, not profitable, or otherwise fails), would selling the patent portfolio or contracting for sale/license of a period of time be a good alternative? Yes, but its going to be very case specific, and the only thing I'd caution is that it can often times patents are 5+ years ahead of their time, and sometimes patience can bring huge value in the right markets.

[@KhaledGaLa-Bau]

i have a patent to sell, where to go? is there a platform or anything?

[@boldpatents]

For sure. Lots of options. I wrote an article on this here: boldip.com/blog/patent-brokers/

[@KhaledGaLa-Bau]

@@boldpatents thanks you !

[@AliHandleThat]

How do you find someone that might want to buy your patent?

[@boldpatents]

There are networks/associations of procurement agents/buyers from medium/small retailers. Our brokers have access to and have some relationships with those individuals, associations, and trade shows.

[@dangermusic_]

Are you aware of any platform bringing together prospective buys and sellers? Thank you.

[@boldpatents]

Thanks for the comment! you may check out this link that may help you with what you're looking for: boldip.com/blog/marketplaces-buy-sell-patents/ boldip.com/blog/patent-brokers/

[@Envirodiamond]

That was a great video - thanks for the well-crafted delivery. I have patented a novel explosive from dry ice (frozen CO2) and powdered metals in many countries, including China. Since the Chinese government strictly oversees all their explosives activities, I expect they could be a potential party to approach to sell rights to use the invention exclusively in China. However, can a foreign government use my patent without permission because the invention falls under the sensitive jurisdiction of explosives? In my case, a private company in China could not use my explosive illegally because they would have to be overseen by the government, which granted the patent. Regardless, what approach do you recommend when attempting to pitch selling the patent to the right part of the Chinese government?

[@boldpatents]

Thanks for the question! Just a reminder, please do not share confidential information in this public forum. That said, with respect to your question - I do not know Chinese Patent Law, note that each country has its own set of laws on the books. I can speak for US patent law only, in that YES, the US government does review (through the Department of Defense) patent applications and screens them for any potential risks to national security (including explosives, munitions, and even cybersecurity) and will place a "Secrecy Order" on those applications. You can read through the process by digging into the MPEP section 120 linked here: www.uspto.gov/web/offices/pac/mpep/s120.html

[@Envirodiamond]

​@@boldpatents Thank you for the reply and reminder about public disclosures - nothing confidential here. In my case the patents have been granted, so there was no Secrecy Order. Since the patent has been granted in the US, are you saying that the US government cannot use my technology without an agreement with me?

[@boldpatents]

@@Envirodiamond Correct. If the patent was granted, that means the US government has (assumedly) already done their review, and not deemed it a threat to national security, so it is your personal rights to exclude any/all private and public bodies. There may be some caveat for eminent domain, but I've never heard of that level of authority being used.

[@Envirodiamond]

@@boldpatents Interesting. OK, so what about the scenario where the review was not performed thoroughly and a high risk technology slips through the cracks? My patent discloses an explosive formulation in the body of the document, however, the claims teach a method to make diamond from carbon dioxide, which in retrospect may have been distracting and didn't raise any flags if a cursory review was based solely on the claims. If you go to my website at the bottom of the main page, you can see for yourself what a 3" diameter tube of dry ice mixture is capable of doing when it detonates. Regardless, it appears I have successfully protected the IP if the government cannot exercise a level of authority that prevents me from commercializing the technology now that the patent has been granted. Thanks.

[@boldpatents]

@@Envirodiamond I'm going to have to say we should follow up with a legal consult at this point :) email me at [e-mail].

[@TheHalusis]

could your patent be revoked after licensing your patent to a large company when you filed under a micro-entity Or small entity in your patent app?

[@boldpatents]

Whether you filed as a micro or small entity to apply for the patent, has no bearing on post-grant rights. That said, once a patent is issued, you must pay maintenance fees to keep it enforceable/active, usually the licensee will be on the hook to pay some/all of these fees, especially if the license agreement is exclusive in nature. Finally, is always possible that a patent court (either federal or PTAB) could invalidate the patent in whole or part. Email me if you have any questions: [e-mail].

[@TheHalusis]

@@boldpatents ok cool

[@abhranilgupta5851]

Do one have to make the invention, like a software product or maybe a plane which one has invented to sell the patent rights...

[@boldpatents]

No, scale models or demos will work to convey the message sufficiently.

[@abhranilgupta5851]

@@boldpatents Thanks, and by that do you mean a system design simulation in computer will work as well...

[@boldpatents]

@@abhranilgupta5851 Well, I'd say working with a experienced broker that can put together a "sell sheet" or similar material in order to convince the buyer/licensee that it works and what it does is a great idea. Click this link, to speak with someone on our team: calendly.com/business-consultations/am06-youtube

[@shalanjadhav622]

Hi.. How can i connect with you. As i m having a patent of Ayurvedic Medicine but don't know where to sell that for better use of it to the people.

[@boldpatents]

Shalan, first step is to schedule a free screening session, we need to validate that we are a good fit for you and you are a good fit for us. Here's the link: calendly.com/business-consultations/am06-weeklylive

[@jayterthpattan6704]

@@boldpatents I want to buy patent no 339491 which is pure natural herbal drinking water patent for 2 core is it worthy to buy patent or only taking licence can i start business please guide me reply fast..

[@boldpatents]

@@jayterthpattan6704 Thanks for your question, and congratulations on your plan to purchase a patent. This is a specific question, and I think it deserves a specific answer in confidence. Please email me at: [e-mail] with details of the patent, and what your business plans are for making, selling, and distributing it.

[@Clipkade-v2f]

Hi I have one invention in the medical field and I want to sell it can you give me a guidance to sell it where؟

[@boldpatents]

I can help you think through sale of your patent. Shoot me an email with the patent number and a little more detail on how you've commercialized it thus far. email: [e-mail].

[@Clipkade-v2f]

Excuse me. But do you have Gmail account?

[@boldpatents]

@@Clipkade-v2f This is the only work email I have

[@DJ-ij6lh]

Exactly what I was looking for. Close to filing a provisional patent on a product for the fishing industry. I have been thorough on every step to this point. At what point would I need an attorney to assist me? I am a first time and it can be a lot to take in.

[@boldpatents]

Good for you! It would be wise to engage with a Patent Attorney to review your patent claims, potentially provide a validity opinion, and make an introduction to a patent broker/licensing agent. Shoot me an email: [e-mail]

[@olihileneo8602]

Thanks sir.

[@martinasomorjai9976]

Anybody can advise me a website where I can find INDIVIDUALS who wanna buy a patent? Thanks in advance

[@onurozdemir4674]

İ am from Turkey and i applied smart wear patent same i applied smartwear company rights too but first Turkey state patent office will give me domestic patent i ask about can i sell my patents to foreign investors and how much can i sell when my patents (18 months) approve?i want to buy international patents but in Turkish lira currency when i change chf,eur,usd too much i want to sell without international patents who can buy it?if they buy i know they can apply to international patents

[@boldpatents]

Onur, schedule using this link to see if we can help: boldip.com/contact/

[@stevelawrence5268]

My mistake , apologies accepted, but upfront and personal i have an unlicensed product with unlimited market potential and probably an industry game changer but i am in no way connected to the current industry or markets nor any chain or branch of the current manufacturing sectors which already exist other than the fact that i'am a consumer of the existing product line but i would prefer to sell this innovation as it is beyond me and from all intents and purposes this innovation is really a worldwide product..