Sell your invention and accept extravagant rewards.
Selling an concept for an invention is most easily accomplished buttoned up licensing agreements established with ample companies. This is a big league form to cause cash from your invention with ideal hardly any upfront fee. Licensing agreements consign a business the exactly to fabricate, mart and sell your invention at a predetermined allot valuation and locate cipher of caducity in moderate for payments to you. In other contents, you are signing over all your rights to your invention to the gathering for a trustworthy number of years. Before you look for companies to license your invention, make sure you file a Provisional Patent Application (PPA) with the USA Patent and Trademark Office (USPTO). This gives you one year of protection while you explore your licensing options.
Instructions
1. Create a working prototype of your invention. You can make the invention Homewards or hire an invention development company to do it for you. A professional-looking computer drawing may even suffice if the invention is unique and marketable.
2. Find companies that make products similar to yours or at least in the same genre as your invention.
3. Call those companies and ask if they accept unsolicited invention ideas from private inventors. If the answer is yes, get the name of the person in charge of reviewing invention ideas.
Follow up with a phone call a few days later, asking for the contact person.6. Arrange a meeting with you, your attorney and the interested company to discuss the licensing deal.
4. Write and mail a letter of inquiry that presents your invention idea.5.
7. License your invention idea to the company for a negotiable price and for a negotiable number of years. Hire your attorney to do the negotiating for you to ensure your interests are protected.
