Everything you should know about hiring a patent broker

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Everything You Should Know About Hiring a Patent Broker Owning a patent and marketing or selling it are two very different things. If you own a patent then you own an intellectual property. To cash this intellectual property, you need to sell the patent. You can also invest in setting up a production unit and a sales setup, first to produce and then to sell the finished product. This is a capital intensive process and not everyone can follow this path.

Patent sales process The patent sales process involves the following  

First, you need to get the patent issued. Most of the companies only consider a patent opportunity after a patent got issued. Submission of the patent to the Company's patent submission portal or by approaching the Company personnel handling the outside patent opportunities.

The chances of getting a positive result from the above process are slim. Here hiring a patent broker could be the best solution. Need of a broker A patent broker could be an asset if you are thinking about selling your patent. He could help you to setup and facilitate the sales. A good broker helps as follows 

He helps in converting your patent into a marketable package.


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