There's a pretty wide range when it comes to how much you can sell a patent for. The vast majority go for somewhere between $10,000 on the lower end, to $50,000 on the higher side. Only exceptionally valuable patents in booming product categories fetch $1 million or more.
In general, the value of a patent depends on several factors, including the field/area of the patent; the scope and strength of the patent claims; and efforts by patent owner(s) to extract value from the patent. First, the value of a patent is directly tied to the field/area covered by the patent.
How to buy an expired patent. Once you've located a patent that has expired, you can contact the patent owner and negotiate a sale. You can buy the invention and all rights to it, including the patent. You then renew the patent by paying the lapsed fees.
The golden ticket to legally producing and selling a patented product is obtaining a license from the patent holder. This agreement is where you get permission, under negotiated terms, to make, use, or sell the patented invention.
RPX Is a Leading Buyer of Patent Assets. RPX is one of the largest, most active patent buyers in the patent market and has spent over $4 billion to date to defensively acquire more than 200,000 patent assets and rights.
Proactively protecting your intellectual property rights ensures smoother negotiations. Step 1: Valuation of Your Patent. Step 2: Identifying Potential Buyers. Step 3: Crafting a Compelling Pitch. Step 4: Safeguarding Intellectual Property. Step 5: Negotiating the Deal. Securing the Best Possible Outcome.
In general, reselling patented products could be an infringement if the patent holder has not authorized you to resell them. The patent holder still retains the right to exclude others from making, using, or selling the product.
There's a pretty wide range when it comes to how much you can sell a patent for. The vast majority go for somewhere between $10,000 on the lower end, to $50,000 on the higher side. Only exceptionally valuable patents in booming product categories fetch $1 million or more.
The simple answer is yes, but the question is whether the lawsuit would hold up in court. A court would assess whether your actions truly infringe on the intellectual property rights of the holder.
It involves documenting and mailing yourself a description or drawing of your invention in a sealed envelope, to use the postmarked date as the date of invention. Unfortunately, a poor man's patent has limitations because it is not legally recognized and will not hold up in court should a dispute arise.