We discuss the process of selling patents, the issues involved, and the fees and costs of working with a patent broker. We also give advice on how to keep your costs to a minimum.
Key points to discuss with your tax advisors when considering selling patents.
A guide to the different income structures from patent sales and licensing, the factors that impact the pricing levels, and advice for how to increase the income obtained from your patents.
What patents should you sell, and when? If there are patents in your portfolio that are no longer used for supporting the business, you should investigate selling them without delay. Timing is important when selling patents: wait too long and the patents will have no value; get the timing right, and the patents can be sold for high prices.
Many factors impact the value of a patent. Furthermore, each buyer will value a patent differently. Negotiating a good sale price for a patent requires understanding the factors influencing the patent value and the buyer’s business, and good negotiation skills.
Choosing a good intermediary or broker can make huge difference to the successful outcome of a patent transaction. When choosing a broker, look at achievements and expertise, the services and support provided, and the fee structure.
Patent sales, assignment and licensing are an essential part of patent portfolio management. Patent sales and licensing agreements should be carefully structured to minimize risk and maximize financial and strategic returns to the patent seller or licensor.
Patent buying and selling are important parts of a patent portfolio strategy. When buying patents there are certain risks. Identifying the risks due diligence and addressing these risks is very important for patent buyers.
