Robert Z. Cashman | Phone: 713-364-3476 | E-mail: rzcashman@patentprophet.com

WHEN COMPANIES LAUGH AT YOUR LICENSING ATTEMPTS

In Patent Licensing, Patent Valuation on November 18, 2012 at 5:02 pm

3) You might try to license the patent to a company who does not take you seriously.

Quite frankly, before your patent issues, your idea has no value. Nobody will license your idea from you on a promise that maybe there will be a patent issued. Without the patent that you worked hard to obtain, you have no rights to the exclusivity of your invention, and anyone (even the company you are seeking a license from) can copy your idea with impunity.

If you have already had one or more bad experiences with a company, because you now own a patent, the value of your idea has just skyrocketed. We would be happy to re-approach the company with whom you have had little success in negotiating a license, because we believe that you would achieve a successful outcome now that your patent has been issued.

We would also be happy to help you choose, select, and approach new companies who can benefit from manufacturing your product; by licensing your issued patent to them (in whatever capacity you choose), you benefit by receiving a handsome royalty off of each item sold.

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