The Licensor retains ownership of the patent.
Posted: Tue Dec 24, 2024 9:15 am
The opportunity to bring the product to market without spending the time or resources in manufacturing.
Reducing the risk of market vagaries. The licensor is paid regardless of the product's performance.
You can receive royalties from infringers without getting involved in a costly litigation battle.
The product gets shipped faster for better market penetration courtesy of the licensee's marketing and distribution network.
Patent Enforcement
Patent enforcement is one of the most powerful options available to a patent owner. If a company is found to be infringing on the patented technology, the patent owner can issue a notice to the infringer. If negotiations to purchase or license the patent fail, the patentee can approach the federal district courts er.
Before filing a case, it is important to carefully scrutinize the claim to Croatia Phone Number Material prove infringement. Courts also apply the doctrine of equivalents in such matters, which states that the infringing invention and product must be found to be similar to what they do and how they do it, in order to prove infringement. There are huge monetary rewards if a litigation case is won, but the road is not easy. Be prepared to spend huge amounts of money and time in the legal battle with no guarantee of victory in the end.
Patent Pool
Patent pools are consortia of two or more companies that license their products to other companies. Firms aggregate their patents which are then made available for licensing to members and non-members. Such pools are particularly found in industries where interoperability is a concern to ensure consumer comfort. Patent pools are an excellent mechanism for both implementers and innovators to increase efficiencies and reduce transaction and litigation costs. Licensing to patent pools is a straightforward way to secure a steady royalty income.
Patent Sale
Selling a patent is the most common way to raise money. Selling directly or through a broker are the two options available to a patent owner. Various patent marketplaces are available online for selling patents directly. Once the patent assessment and evaluation is complete, the next step is to find potential buyers who would be interested in purchasing the patent.
The entire journey from appraisal to negotiation can be very difficult without the help of professionals. That is why it is recommended to hire a team of professional brokers to ensure a smooth transaction. Brokers help match buyers with sellers and help close the deal. They also take care of other pre-sale and post-sale aspects such as initial due diligence, value analysis, technology assessment, market analysis, competitive analysis, lead development, onboarding, lead management, contract negotiations, and relationship management.
Another selling option available to patent owners is the IP Bank. They offer a viable solution for both start-ups and large companies. It is an alternative sales channel that provides a way for small companies to sell to large companies looking to source/buy new technology. It also helps to enhance the IP portfolios of leading companies looking to build a strong portfolio.
Conclusion
Patent monetization is a worthwhile proposition if used correctly. It is important to spend time and effort designing a monetization strategy, conducting IP valuation, analyzing the market, and defining monetization goals. Some businesses make the mistake of proceeding without considering one or all of the considerations listed above. This is a serious mistake that can significantly reduce profitability margins.
The best solution is to hire a knowledgeable IP consulting firm that can take care of all your patent financing needs. Every patent portfolio is unique and financing experts can help you design a plan that is tailored to the needs of your specific patent. In short, a patent financing team combines the technical, business, and legal skills needed to make a successful deal.
About TTC
We have always recognized the value of new technology that our highly skilled executive team with professional backgrounds brings to our work. Like the intellectual property professionals we empower, our hunger for development is insatiable. We IMPROVE, ADAPT, and EXECUTE strategically.er for development is insatiable. We IMPROVE, ADAPT,
Reducing the risk of market vagaries. The licensor is paid regardless of the product's performance.
You can receive royalties from infringers without getting involved in a costly litigation battle.
The product gets shipped faster for better market penetration courtesy of the licensee's marketing and distribution network.
Patent Enforcement
Patent enforcement is one of the most powerful options available to a patent owner. If a company is found to be infringing on the patented technology, the patent owner can issue a notice to the infringer. If negotiations to purchase or license the patent fail, the patentee can approach the federal district courts er.
Before filing a case, it is important to carefully scrutinize the claim to Croatia Phone Number Material prove infringement. Courts also apply the doctrine of equivalents in such matters, which states that the infringing invention and product must be found to be similar to what they do and how they do it, in order to prove infringement. There are huge monetary rewards if a litigation case is won, but the road is not easy. Be prepared to spend huge amounts of money and time in the legal battle with no guarantee of victory in the end.
Patent Pool
Patent pools are consortia of two or more companies that license their products to other companies. Firms aggregate their patents which are then made available for licensing to members and non-members. Such pools are particularly found in industries where interoperability is a concern to ensure consumer comfort. Patent pools are an excellent mechanism for both implementers and innovators to increase efficiencies and reduce transaction and litigation costs. Licensing to patent pools is a straightforward way to secure a steady royalty income.
Patent Sale
Selling a patent is the most common way to raise money. Selling directly or through a broker are the two options available to a patent owner. Various patent marketplaces are available online for selling patents directly. Once the patent assessment and evaluation is complete, the next step is to find potential buyers who would be interested in purchasing the patent.
The entire journey from appraisal to negotiation can be very difficult without the help of professionals. That is why it is recommended to hire a team of professional brokers to ensure a smooth transaction. Brokers help match buyers with sellers and help close the deal. They also take care of other pre-sale and post-sale aspects such as initial due diligence, value analysis, technology assessment, market analysis, competitive analysis, lead development, onboarding, lead management, contract negotiations, and relationship management.
Another selling option available to patent owners is the IP Bank. They offer a viable solution for both start-ups and large companies. It is an alternative sales channel that provides a way for small companies to sell to large companies looking to source/buy new technology. It also helps to enhance the IP portfolios of leading companies looking to build a strong portfolio.
Conclusion
Patent monetization is a worthwhile proposition if used correctly. It is important to spend time and effort designing a monetization strategy, conducting IP valuation, analyzing the market, and defining monetization goals. Some businesses make the mistake of proceeding without considering one or all of the considerations listed above. This is a serious mistake that can significantly reduce profitability margins.
The best solution is to hire a knowledgeable IP consulting firm that can take care of all your patent financing needs. Every patent portfolio is unique and financing experts can help you design a plan that is tailored to the needs of your specific patent. In short, a patent financing team combines the technical, business, and legal skills needed to make a successful deal.
About TTC
We have always recognized the value of new technology that our highly skilled executive team with professional backgrounds brings to our work. Like the intellectual property professionals we empower, our hunger for development is insatiable. We IMPROVE, ADAPT, and EXECUTE strategically.er for development is insatiable. We IMPROVE, ADAPT,