9. Negotiate and draft patent license agreements with potential licensees with the help of an attorney. The attorney should be experienced in negotiating patent license agreements, not just in preparing patent applications.
After that, you must bargain implied licensees and sell them on the merits of your invention. Alone when an right licence Treaty has been signed, and your licensees enter on selling your invention, Testament you depart receiving chicamin. However, royalties could turn away to be absolutely lucrative provided your fresh belief is bad.
Instructions
1. Fabricate a perfect detailed description of your invention, including diagrams and specifications. Your description should be complete enough To admit an independent party to fabricate a prototype.
2. Create patent claims to set up the novelty, usefulness and inventiveness of your idea. This must be done by an experienced patent attorney.
3. Submit an international patent application to the International Bureau in Geneva, Switzerland, or one of its designated receiving offices. The date of your filing will become your official filing date for all countries that are members of the Patent Cooperation Treaty, including the USA. The International Bureau will conduct a preliminary examination of the patentability of your invention.
4. Apply for patent protection in every country that you can. This is an expensive process; however, you should at least, include the U.S., Japan, Western Europe, China, and India. These countries will proceed with your patent application where the International Bureau left off, and either approve or deny your application within about two years.
5. Produce a prototype of your invention in order to confirm that it can actually be manufactured. This will require a diligent search of global manufacturer's directories.
6. Research the uses of your invention from an economic Argument. You will need to show how your invention solves a common problem more effectively and cost-efficiently than anything else currently on the market. Use the results of your research to pitch a marketing presentation for potential licensees.
7. Locate potential licensees through trade associations, invention promotion companies and contacts provided by patent law firms.
8. Create a marketing presentation and pitch it to potential licensees.
Inventor in workshopIt's a extensive pathway from future up with an invention clue to receiving a regular stream of royalties. You must front decrease your fancy to specifics, and then accomplish worldwide patent Safeguard.
