In our latest Question of the Week video, we discussed the blockchain and bitcoin industry from the patents' perspective. This time, we answer one of the most common questions: can you make money from patents?
So, can you sell the patent you own? In short, yes, you can sell it. A patent is considered to be property and an asset to your company, like a house, an investment or any other property you own. Since it is property, you can also sell it. The question is not whether you can sell it, but how?
How you can sell your patent depends on the state of the patent and whether you are selling any other tool with it. If your patent is granted and you have technology to sell with it – likesoftware – then you will have an easy time selling the patent. Organizations like Ocean Tomo exist to auction patents in situations like these.
If you want to protect your idea, file for a patent. We at KISSPatent can help you to turn your ideas into profit. Give us a call and we will be happy to answer all of your questions. Submit your own question for our Question of the week series and we'll answer it!