Licensing your “patent rights” to a manufacturer will allow you to collect royalty fees as an inventor. Many people struggle with when they should patent their ideas and license their inventions simply because they don’t fully understand how it works.
Do you dream of one day making money from inventions that you just make up out of the blue? What a cool job that would be. Many of today’s most used items, from the iPhone to the microwave to the refrigerator to the desk were all thought up by someone first. Someone had the motivation to not only come up with the idea, but to put it on paper and ultimately make that dream become a reality.
We have all had those last minute epiphanies before falling asleep, some so grand they’re even written down. By morning you either assume it was just some sort of baseless dream or have forgotten about it all together. The truth of the matter is, most of these ideas can be marketed and sold.
Innovation is essential for success.
When you have a group of dedicated people with innovative imaginations they are much more able to put the following into action:
Not every idea should become an invention, and not every inventor invents good or sellable products. Much money could of been saved, and many landfills cleared if the inventors had honestly answered this question: Is your latest invention ready and good enough to patent? Here is a quick patent checklist to find out: 1. Is […]