How do I go about licensing a patent?

Great question and congratulations with making it this far with your invention! You can certainly license your patent rights irrespective if the USPTO or CIPO have granted your patent application yet. However, as Konstantinos alluded to, it is more difficult to license before patent protection is provided to you as those interested in your product are unlikely to “take your word” the product will receive protection.

First, I would suggest compiling a list of mop manufacturers that would be interested in your product. Googling keywords is always a wise first step. You could also try your local library, which should have some resources helpful for your search. After spending ample time researching possible suitors, it’s time to write a business plan. The United States Small Business Association provides a free guide on how to “Write Your Business Plan.” As you can see, it is a pretty hefty project to undertake though!

I think you should take a look at what we have to offer at LawTrades. Inventors don’t always possess the greatest business IQ so bringing in a lawyer to help represent you during precious licensing negotiations can save you money in the long run. We have helped many entrepreneurs connect with talented, affordable commercial and patent attorneys. Simply visit our site, fill out a short form, and sit back for a free on-demand price quote from us. Feel free to shoot me a message with any questions you have.

Good luck!